Technology Industry - BOI Thailand

BOI Thailand Business Opportunities

Thailand, like the rest of the world, is adapting to a constantly changing global economy driven by knowledge and innovation. The BOI Thailand promotion is therefore offering benefits and incentives to those interested in investing in the technology industry in Thailand.

Known as the industrial hub of Southeast Asia, Thailand is investing its future into developing a multilayered economy where both industry and research & innovation guide the nation from a middle-income state to a high-income state by 2026.

It plans to increase funding of national research and development to at least 1% of Thailand's GDP with the targeted ratio of public to private R&D investment of 30:70.

Technology Industry

The Thai government in cooperation with the BOI Thailand released a policy statement highlighting the nation's plan to expand support of the technology industry, including science, research & development (R&D), and development & innovation.

Biotechnology
Cell Culture/Tissue Engineering Technology
Gene and Molecular Technology
Genetic Engineering Technology
Omics Technology
Biodegradable Technology
Bioinformatics
Advance Bioprocessing Technology
Bio-Analytical Technology
Biomaterial Production Technology

Nanotechnology
‍Drug Delivery System
Nano-encapsulation
Nanofiber Technology
Nanomaterials Syntheses
Membrane Technology
Adsorption Technology
Nano-characterization and Testing
Nanostructure Fabrication
Surface Coating/Engineering Technology

Advanced materials technology
‍Advance Catalyst Technology
Composite Materials Technology
Functional Materials Technology
Photonic & Optical Technology
Printed Electronics and Organic Electronics
Advance Materials Forming Process
Materials Characterization Technology
Energy Storage

Digital technology
Big Data Analytics Technology
Decentralized Sequential Transaction Database
Human Computer Interaction Technology/Brain Computer Interface
Internet of Things Technology
Natural Language Processing Technology
Virtual & Augmented Reality Technology
Digital Engineering and Manufacturing Technology
Software Testing Technology
Embedded Technology
Smart Grid
Wearable Technology
Artificial Intelligence Technology
Sensor Technology
Automation Technology
Robotics Technology

Why Set Up A BOI Company?

• 100% FOREIGN OWNERSHIP
  Permission to have 100% foreign ownership
• VISAS & WORK PERMITS
  ‍Permitted to bring in experts and skilled workers with their families
• 0% TAX
  ‍Up to 15 years exemption of Corporate Income Tax (CIT)
• OWN LAND
  ‍Permits foreigners to own land

BOI Incentives

• Capital Income Tax (CIT) 8 years of CIT (without cap) exemptions on the net profit and dividends derived from the promoted activity.
• Merit Based Incentives entitled.
  
• Exemption/reduction of import duties on machinery.
• Reduction of import duties for raw or essential materials.
• Exemption of import duties on materials imported for R&D purposes.
• Exemption of corporate income tax on net profit and dividends derived from the promoted high technology and innovation activity.
• A 50 percent reduction of the corporate income tax.
• Double deduction from the costs of transportation, electricity and water supply.
• Additional 25 percent deduction of the cost of installation or construction of facilities.
• Exemption of import duty on raw or essential materials imported for use in production for export