Investment climate


The Government of Thailand through the Board of Investment (BOI) and the Industrial Estate Authority of Thailand (IEAT) offers a wide range of benefits for foreign investors. Scope and procedure of the benefits depends on two criteria: the type of activity of the company with foreign investment and its location.

The type of activities that are supported by the Board of Investment:

  • Agriculture and Agricultural Products
  • Mining, Ceramics and Basic Metals
  • Light Industry
  • Metal Products, Machinery and Transport Equipment
  • Electronic Industry and Electric Appliances
  • Chemicals, Paper and Plastics
  • Services and Public Utilities

The list of incentives that can be provided to the Board of Investment

Tax incentives:

  • Exemption of corporate income tax and dividends up to 8 years
  • A 50 percent reduction of the corporate income tax for the following 5 years.
  • Exemption/reduction of import duties on machinery.
  • Reduction of import duties for raw or essential materials.
  • Double deductions 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 for use in production for export.

Non-Tax incentives:

  • Permit for foreign nationals to enter the Kingdom for the purpose of studying investment opportunities.
  • Permit to bring into the Kingdom skilled workers and experts to work in investment promotion activities.
  • Permit to own land.
  • Permit to take out or remit money abroad in foreign currency.

One Start - One Stop Investment Center (OSOS)

The company obtained BOI promotion is entitled to use the special services of OSOS

  • Facilitate business negotiation
  • Easing & speeding procedures for new investors to start up a business
  • Consolidating staff from numerous investment-related agencies
  • Visa & Work permit renewal across the hall
  • Assist investors with various applications
    • Obtain investment promotion privileges
    • Obtain a foreign business license
    • Visa & Work permit renewal across the hall
    • Complete an EIA report
    • Permission to use land for industrial operations

Industrial estates in Thailand

IEAT is responsible for the development and construction of industrial zones, intended to place production capacities on their territory. The establishment of industrial zones simplifies the task of the investor in the construction of factory, provides an opportunity to use the already existing infrastructure in the future, as well as the privileges that are applied to all industrial facilities in the industrial zone.


Investment