Technology
in Thailand

Biotechnology, nanotechnology, advanced materials technology and digital technology in Thailand

Thailand, like the rest of the world, is adapting to a constantly changing global economy driven by knowledge and innovation. 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.

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.

Opportunities for technology industry in Thailand

Thai government released a policy statement highlighting the nation’s plan to expand support of science, technology, research & development (R&D), and development & innovation.

BOI benefits for technology industry in Thailand

Visas

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

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UNLIMITED WORK PERMITS

Get work permits to bring in skilled foreign workers

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PERMISSION TO OWN LAND

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Transfer funds

Permission to transfer money abroad in foreign currency

BOI incentives for technology industry

• 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