BOI Thailand - Technology Industry

BOI Thailand
Technology Industry

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.

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

  • 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

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


Visas

Visas

Permission for foreign nationals to enter the Kingdom for the purpose of studying investment opportunities


>UNLIMITED WORK PERMITS

UNLIMITED WORK PERMITS

Get work permits to bring in skilled foreign workers


PERMISSION TO OWN LAND

PERMISSION TO OWN LAND



Transfer funds

Transfer funds

Permission to transfer money abroad in foreign currency

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

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