The BOI (Board of Investment of Thailand) is a government agency responsible for promoting investments in businesses that benefit the Thai economy. It offers both tax and non-tax incentives to approved investors.
Types of BOI Incentives
- Tax Incentives
| Item | Description |
| ✅ Corporate income tax exemption | Up to 13 years (depending on business category) |
| ✅ Import duty exemption on machinery | For imported machinery used in the project |
| ✅ Import duty exemption on raw materials | For imported materials used in export production |
| ✅ Additional deductible expenses | e.g. training costs, research & development expenses |
- Non-Tax Incentives
| Item | Description |
| ✅ Land ownership rights | For BOI-promoted projects by foreign investors |
| ✅ Permission to bring in foreign experts | For required professionals or skilled labor |
| ✅ Expedited visa and work permit approval | Through BOI One Stop Service Center |
Conditions for Receiving BOI Incentives
- The business must fall under a BOI-promoted activity category (as listed in BOI announcements)
- Must meet the minimum investment requirement (excluding land and working capital)
- Must comply with the conditions stated in the promotion certificate, such as use of technology, employment, export-oriented production, etc.
Examples of BOI-Promoted Industries
- Biotechnology / Electronics / Electric Vehicles (EV)
- Modern agriculture
- Renewable energy
- Digital business / Software / Data centers
- Logistics and distribution centers
