- The Government of Thailand issues YPB "International Headquarters" BOI status
- BOI status offers eight-year exemption from corporate tax, among other benefits
- Significant boost to YPB's ability to do business in Thailand and Pan-Asia
Receipt of the certification allows YPB to access all the benefits of the BOI Investment Promotion Scheme, including an eight-year exemption from corporate income tax and work and residency benefits for expatriate staff. A key goal of the BOI is to promote Thailand as a lower cost business rival to Hong Kong and Singapore.
More information on the scheme is available at:
Thailand is an ideal site for YPB's international headquarters, providing a low cost economy in the geographic heart of the enormous and burgeoning Pan-Asian middle class. Costs and travel times from Bangkok are far lower than from an Australian base and the accumulation of valuable local expertise relevant to western exporters far more likely.
YPB Executive Chairman Mr John Houston said: "While YPB has been headquartered in Thailand for nearly two years, the granting of BOI certification by the Government of Thailand is an important and value-enhancing development. We are proud to have established YPB's operational headquarters in Bangkok and expect it to foster the development of our business in Thailand and Pan-Asia."
About YPB Group Ltd
YPB Group Ltd (ASX:YPB) is a pioneer in advanced brand protection solutions. Listed on the Australian Securities Exchange, YPB is expanding its global footprint with an established presence in Australia, China, Thailand, USA, and Mexico.
YPB's patented Anti-Counterfeit technology combined with its Security Packaging and Anti-Theft solutions, Consulting Services and YPB's proprietary CONNECT platform enables clients to PROTECT their high value brands from the risks of counterfeit, product diversion and theft while providing the tools to CONNECT directly with their customers.
YPB Group Ltd