Investment Incentives
Thailand offers a transparent and supportive investment environment for foreign investors, guided by three key organizations: the Thai Board of Investment (BOI), operating under the Office of the Prime Minister, the Industrial Estate Authority of Thailand (IEAT), part of the Ministry of Industry and the Eastern Economic Corridor Office of Thailand (EECO). These entities provide expert advice and comprehensive support to ensure your investment success
The Board of Investment (BOI)
is a government agency dedicated to promoting and facilitating investment in a country. It plays a crucial role in driving economic growth, enhancing industrial development, and attracting both domestic and foreign investors by offering various incentives and support services.
Key Roles and Functions
1. Investment Promotion – The BOI encourages investment in priority sectors, such as technology, infrastructure, manufacturing, and innovation, to support national economic development goals.
2. Incentives and Benefits – Investors may receive benefits such as tax exemptions, import duty reductions, and other financial incentives to enhance their business operations.
3. Regulatory Support – The BOI helps streamline business registration, licensing, and regulatory compliance to create a more investor-friendly environment.
4. Foreign Investment Facilitation – The agency provides guidance and assistance to foreign investors regarding legal requirements, market entry strategies, and business operations.
5. SME and Local Business Support – Many BOI programs aim to develop small and medium enterprises (SMEs) and integrate them into the global supply chain. Board of Investment (BOI) offers a range of tax and non-tax incentives to attract and support investors.
Tax Incentives
Corporate Income Tax Exemption
Investors may receive a tax exemption for a specific period (e.g., 3-12 years), depending on the sector and investment type.
Import Duty Exemptions
Exemptions on import duties for machinery, raw materials, and essential production inputs.
Tax Reductions
Reduced corporate income tax rates for extended periods beyond the tax exemption period.
Double Deduction on Transportation & Utilities
Certain investments may be eligible for additional tax deductions on transport, electricity, and water supply costs. Exemptions on Dividends – Tax exemptions on dividends paid from BOI-promoted activities.
Exemptions on Dividends
Tax exemptions on dividends paid from BOI-promoted activities.
Non-Tax Incentives
Land Ownership Rights
Foreign investors may be granted land ownership rights in specific investment zones.
Work Permit & Visa Facilitation
Simplified and fast-tracked procedures for foreign experts and skilled workers.
Permission to Bring in Foreign Workers
Special privileges for hiring foreign specialists and executives.
