By Ms. Sonklin Ploymee, Deputy Secretary General, Thailand Board of Investment (This is a part of "Investment Opportunities: Thailand's Innovation Ecosystem" webinar on May 13, 2021)

1. Investment Opportunities:
Thailand’s Innovation
Ecosystem
13 May 2021
Sonklin Ploymee
Deputy Secretary General
Thailand Board of Investment

2. 2
Incentives
under
The
Investment
Promotion
Act
Incentives Under The Investment Promotion Act
In order to obtain investment promotion, the BOI applicant must follow the conditions prescribed by BOI as specified
in the BOI promotion certificate in which the following incentives will be granted
• Corporate income tax (CIT) exemption
• 50% reduction of corporate income tax after
the expiry of tax exemption period
• 50% CIT reduction within 10 years*
• Investment Tax Allowance (ITA)*
• Exemption of import duties on machinery
• Exemption of import duties on raw materials
(used in the manufacture of exports and for
R&D purposes)
* in case of no CIT exemption
Tax Incentives
Non-Tax Incentives

3. 3
BOI
Investment
Incentive
Scheme
Standard Incentives
Corporate income
tax exemption up to
8-years
A1
Group
1.1
(Group A1-B2)
Activity-Based
Incentives
Corporate income
tax exemption up to
10-years
1.2
Technology-Based
Incentives
Biotech Digital
Nanotech Advanced
Materials
(Section 8)
Corporate income
tax exemption up to
10-years
Activities
Support
Targeted
Technology
*
Tax Incentives
Incentives are based on several key factors including type of activity, level of technology,
role in supply chain, and location.

4. 4
Additional Incentives
Standard Incentives
• Research & Development (R&D)
• Support academic / research institutes, or technology and HRD fund
• IP licensing fee
• Advanced technology training
• Development of local suppliers
• Product and packaging design
• Investment Stimulation Measure
• Productivity Enhancement Measure
• Measures to support Grassroots
Economy Development
Corporate income
tax exemption up to
8-years
A1
Group
1.1
(Group A1-B2)
Activity-Based
Incentives
Corporate income
tax exemption up to
10-years
1.2
Technology-Based
Incentives
Biotech Digital
Nanotech Advanced
Materials
(Section 8)
Corporate income
tax exemption up to
10-years
Activities
Support
Targeted
Technology
* 2.3
Agenda-Based
Incentives
Additional 50%
reduction in
corporate income
tax of up to
5-years
2.2
Area-Based
Incentives
2.1
Merit-Base
Incentives
• EEC 3 provinces
• SEZ 10 provinces
• Southern border provinces
• 20 provinces with lowest income
• Industrial Estates/Zones
• Science and Technology Parks
(TSP, Food Innopolis, Space Krenovation Park)
BOI
Investment
Incentive
Scheme Tax Incentives
Incentives are based on several key factors including type of activity, level of technology,
role in supply chain, and location.

5. 5
Innovation &Technology-related
Additional Incentives
Standard Incentives
• Research & Development (R&D)
• Support academic / research institutes, or technology and HRD fund
• IP licensing fee
• Advanced technology training
• Development of local suppliers
• Product and packaging design
• EEC 3 provinces
• SEZ 10 provinces
• Southern border provinces
• 20 provinces with lowest income
• Industrial Estates/Zones
• Science and Technology Parks
(TSP, Food Innopolis, Space Krenovation Park)
• Investment Stimulation Measure
• Productivity Enhancement Measure
• Measures to support Grassroots
Economy Development
Corporate income
tax exemption up to
8-years
A1
Group
1.1
(Group A1-B2)
Activity-Based
Incentives
Corporate income
tax exemption up to
10-years
1.2
Technology-Based
Incentives
Biotech Digital
Nanotech Advanced
Materials
(Section 8)
Corporate income
tax exemption up to
10-years
Activities
Support
Targeted
Technology
*
Tax Incentives for Innovation & Technology-related
Tax Incentives
2.3
Agenda-Based
Incentives
Additional 50%
reduction in
corporate income
tax of up to
5-years
2.2
Area-Based
Incentives
2.1
Merit-Base
Incentives
BOI
Investment
Incentive
Scheme

6. 6
Standard Incentives
Criteria
for
Granting
Promotion
Incentives
Incentives are based on several key factors including type of
industry and level of technology

7. 7
Criteria
for
Granting
Promotion
Incentives Additional Incentives: Merit-Based
Enhanced Incentive Packages for Competitiveness Enhancement
2.1
Merit-Base
Incentives

8. 8
What is EEC?
About
Eastern
Economic
Corridor
(EEC)
Comprehensive
Infrastructure
Ever-growing potential

9. 9
New Tax Incentives Scheme under New EEC Packages
Criteria
for
Granting
Promotion
Incentives
* For Human Resource Development Criteria
A1 / A2
CIT Exemption
8 years
Targeted Activities
(Basic Incentive)
1 HRD Criteria *
All EEC Areas
Applicants
can apply for
incentives
under one or
both criteria.
+ Reduction of CIT
50% for
3 years
A3
CIT Exemption
5 years
+ Reduction of CIT
50% for
3 years
Section 8
CIT Exemption
10 years
+ Exemption
of CIT for
2 years
2 Location Criteria
+ Reduction of
CIT 50%
for 2 years
+ Reduction of
CIT 50%
for 2 years
+ Exemption
of CIT
for 1 year
+ Exemption
of CIT
for 1 year
+ Exemption
of CIT
for 1 year
-
EECi/ EECa/ EECd/ EECmd Industrial Estates or BOI Promoted
Industrial Parks
• Must establish a cooperation with institutions or organizations to develop human
resources in Science & Technology
• The training participants must not be less than 10% of the total number of employees
or more than or equal to 40 participants.
Co-operative
Education (CoE)
Work Integrated learning (WiL)
Dual Vocational
Training (DVT)
OR
OR

10. 10
AGENDA
BOI Measures
toward HRD

11. 11
Additional Incentives: Technology-Based
Technology and Innovation Development (Section 8)
8.1 Targeted core technology development
Criteria:
1. Target technology development procedures shall be used as a base for
the manufacturing process or service provision in the target industry as
approved by the BOI
2. There must be a technology transfer with an educational institution
or research institute as approved by the BOI e.g. Technology
Research Consortium.
3. Project located in a science and technology park promoted by
the BOI or one that is approved by the Board will receive
an additional 2-year corporate income tax exemption.
4. Project may apply for merit based incentives and be granted the corporate
income tax exemption for not exceeding 13 years.
5. Project shall be granted import duty exemption on goods.
BOI
Measures
toward
HRD

12. 12
Maximum 4 years Visa
*Except Smart S
Permission to work
with no work
permits required
Fast Track Service
at International
Airports
No re-entry
required
What’s next ?
• Expanded list of targeted industries
• Reduction of minimum salary for individuals
in certain areas of expertise (for SMEs)
• Relaxing educational qualifications for
executives (smart E)
• Permission for SMART visa holders to take
additional jobs
Taking Thailand to New Heights with Foreign Talent and Technology
SMART Visa
Privileges for S M A R T Visa
BOI
Measures
toward
HRD

13. 13
AGENDA
BOI Supporting
Services

14. 14
BOI Sourcing and Industrial Linkage Development
BOI Supports
▪ Online Database/Website Sourcing Platform
▪ Free Sourcing Services
▪ Customized Business Matching of Part Sourcing, Joint
Venture, Technical Assistance, Partners
▪ Local Events Support
▪ Vender Meets Customer Sourcing Events
▪ Sourcing Market Place Center
▪ Networking Enhancement
▪ Exclusive Seminar for Local Vendor Knowledge
Enhancement & Competitiveness Development
▪ SUBCON THAILAND – biggest Subcontracting Exhibition in
ASEAN
BOI
Supporting
Services

15. 15
▪ BMW
▪ FORD
▪ HONDA
▪ TOYOTA
▪ SAIC MOTOR (Shanghai
Automotive)
▪ HARLEY DAVIDSON
▪ DUCATI
▪ Triumph
Examples of BUILD-Supported Customers
BOI Supports – Business Matching
The Industrial Linkage Development Division supports both domestic and foreign investors who is seeking parts producer/
Business partner /co-investor/ R&D cooperation in Thailand.
BOI
Supporting
Services

16. 16
Automotive Industry
Electronics and
Electrical Industry
BOI Sourcing Services
BOI
Supporting
Services

17. 17
Source: Department of Disease control
Quarantine
Categories
Purpose Quarantine State Accom. Duration Expenses
State Quarantine (SQ) Thais entering the country
Nationwide
14 Days
Government
sponsored
Alternative State
Quarantine (ASQ)
Thais & Foreigners entering the country
Nationwide
14 Days Self sponsored
Local Quarantine (LQ)
Thais entering the country through land
borders or sea ports Provincial level
14 Days
Government
sponsored
Alternative Local
Quarantine (ALQ)
Thais & Foreigners entering the country
through land borders or sea ports Provincial level
14 Days Self sponsored
Organizational
Quarantine (OQ)
Thais & Foreigners entering the country
with an organization or company Nationwide
14 Days
Sponsored by
organization or company
Hospital Quarantine
(HQ)
Thais entering the country for medical
treatment Nationwide
14 Days
Government
sponsored
Alternative Hospital
Quarantine (AHQ)
Thais & Foreigners entering the country
for medical treatment Nationwide
14 Days Self sponsored
*Limited Quarantine
Foreigners entering the country with an
intended stay of less than 14 days Nationwide
N/A
sponsored by
organization or company
Remark: As of February 2021, please note that information mentioned above is subjected to change in line with the latest announcement from relevant agencies
Different Types of Quarantine in Thailand

18. 18
One Start One Stop Investment Center (OSOS)
Consolidating staff from
numerous investment
-related agencies
Provides comprehensive
information and advice
on establishing operation
in Thailand
1-Stop for visas & work permits in
3 hours “SMART Visa Program”
Easing & speeding procedures
for new investors
Provides useful contacts with key
public and
private organizations
Assist investors with
various applications
More Convenience
Less Time
More Efficiency!
18th Floor, Chamchuri Square
Building, 319 Phayathai Road,
Pathumwan, Bangkok 10330,
Thailand
Tel: +66(0)2 209 1100
Fax: +66(0)2 209 1199
Email: osos@boi.go.th
BOI
Supporting
Services

19. 19
BOI Los Angeles Office
(Western USA & Mexico)
Mr. Ittichot Damrongraktam, Director
E. ittichot@boi.go.th
611 N. Larchmont Blvd, 3rd FL
Los Angeles, CA 90004
T. 323.960.1199
E. boila@boi.go.th
BOI New York Office
(Eastern USA & Midwest & Canada)
Ms. Vorawan Norasucha, Director
E. vorawan@boi.go.th
250 Greenwich St., 34th FL
New York, NY 10007
T. 212.422.9009
E. nyc@boi.go.th
BOI Offices in North America

20. For More
Information
Thailand (Head Office):
555 Vibhavadi-Rangsit Road.,
Chatuchak, Bangkok 10900,
Thailand
(+66) 2553 8111
(+66) 2553 8315
head@boi.go.th
For one on one Meeting with
BOI headquarter
Please contact us at
marketing@boi.go.th