On Feb 29, 2016, Thai Government had approved new measures to encourage foreign investment in Thailand.

1. Addition of new activities to the BOI activity list

• High-value software development such as cybersecurity, business process, big data management

• Digital services e.g. software platform, digital architecture design

• Innovation incubation center

• Food Innovation Estates

• Repairing of on-board apparatus or equipment

2. Change in conditions attached to BOI promotion e.g.

• Relaxation of location regulations applied to textiles dyeing, finishing and printing

3. Increase in tax incentives for some activities

• Medical devices (high-risk, high-tech, commercialization of local R&D projects that have R&D activities)

• Aircraft part manufacturing

• Tourism services (ferry and marina services)

4. Changes in existing cluster development packages

• Addition of eligible activities

5. Addition of new cluster development packages (super clusters)

• Aerospace

• Automation and Robotics

• Food Innopolis

Photo: Automotive Cluster in Thailand (Credit: Thailand Board of Investment)

Click here to read BOI Policy Update presented by Duangjai Asawachintachit, Deputy Secretary General, Office of the Board of Investment.

Source: Thailand Board of Investment

Smart International Consulting proposes a turn-key services to accompany your foreign investment in Thailand from the early stage until the complete achievement. For further information, please contact us Email: info@smartconsulting.asia Skype: adalidda WhatsApp:+85577778919.

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