by Warot Wanakankowit (Wingman & Partners) Agenda  New BOI Privileges for Digital Businesses  Regulatory sandbox issued by Bank of Thailand (BOT)  Q&A

1. Legal Session
Date: 8 February 2017
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2. About Speaker
Warot Wanakankowit (Ray)
Partner at Wingman & Partners Ltd.
-LLB, Thammasat
-LLM, King’s College London
Experience
 Associate at Weerawong, Chinnavat & Peangpanor Ltd.
 Assistant Manager at KPMG in Thailand
 Senior Consultant at PWC in Thailand
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3. Agenda
 New BOI Privileges for Digital Businesses
 Regulatory sandbox issued by Bank of Thailand (BOT)
 Q&A
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4. New BOI privileges for Digital
Businesses
 List of activities eligible for BOI promotion
 Agriculture and Agricultural Products
 Mining, Ceramics and Basic Metals
 Light Industry
 Metal Products, Machinery and Transportation
 Electronic Industry and Electric Appliances
 Chemicals, Paper and Plastics
 Services and Public Utilities
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5. New BOI privileges for Digital
Businesses
 Criteria for Investment Promotion under the BOI
 New Investment
 Minimum investment of Baht 1 million, Excluding Land and
Working Capital
 Debt to equity ratio = 3:1
 Salary for IT personnel or Digital Specilalists >= Baht 1.5
million per year
 Employ Thai persons
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6. New BOI privileges for Digital
Businesses
 Software Business (Activity 5.7)
 Embedded software
 Enterprise software and/or digital content
 Digital content includes (i) Animation, Cartoons &
Characters, (ii) Computer Generated Imagery (CGI), (iii)
Web-Based Applications and Cloud Computing, (iv)
Interactive Applications, and (v) Games – Windows-
Based, Mobile Platform, Consoles, PDAs, Online Games,
Massive Multi-Player Online Games, (vi) Wireless Location
Based Service Content, (vii) Visual Effects, (viii)
Multimedia Video Conference Applications and (ix) E-
Learning Centent via Broadbrand and Multimedia
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7. New BOI privileges for Digital
Businesses
 E-Commerce (Activity 5.8)
 Digital Services (Activity 5.9) – New!!
 Software platform
 Managed service
 Digital architecture design service
 Digital services such as FinTech, DigiTech, MedTech,
AgriTech, etc.
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8. New BOI privileges for Digital
Businesses
 Incentives and Privileges Offered by BOI
 Tax incentives
 Corporate tax exemption up to 8 years
 Further tax reduction period
 Tax exemption on dividend paid out of the exempted
profit
 Non-tax incentives
 Relaxed rules for applying work permit and visa
 Land ownership subject to BOI approval
 Foreign majority owned company
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9. Regulatory Sandbox under BOT
 Concerned issues for BOT
 Good Corporate Governance
 Confidentiality of customers’ details
 Management of customers’ money
 Security, integrity and availability of systems
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10. Regulatory Sandbox under BOT
 Types of Financial Transactions
 Borrowing and Lending
 Payment Agency or Payment Gateway
 Similar transactions to 2 points mentioned above
 Other transactions as approved by the BOT
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11. Regulatory Sandbox under BOT
 Who can apply
 Financial Institutions (both Banks and Non-Banks)
 Fintech Firms or Technology Firms that propose their new
innovation for financial technologies to market
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12. Regulatory Sandbox under BOT
 Criteria
 A company registered in Thailand
 Directors or management must have qualifications as
approved by the BOT
 Must have feasibility study including risks that may arise from
its transactions
 Other licenses as requires by other laws
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13. Q & A
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14. Contacts
Wingman & Partners Ltd.
Warot Wanakankowit
Partner
Mobile: 0818025698/0984278979
Line ID: warot.Wanakankowit/warot.wingman
Email: warot@wingmanandpartners.com
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