BOI Thailand
Technology Industry

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 in 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 conjuction 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.

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