Thailand Board of Investment 555 Vibhavadi-Rangsit Road, Chatuchak Bangkok 10900 Thailand
Telephone : 02-553-8111 Fax : 02-553-8315
To promote valuable investment to restructure Thailand’s economy into new economy by achieving 3 aspects consisting of:
1. Innovative: Being an economy that is driven by technology, innovation and creativity.
2. Competitive: Being an economy that is competitive, adaptive and generate high growth.
3. Inclusive: Being an economy that values environmental and social sustainability, creates opportunity and reduces inequality.
INVESTMENT PROMOTION POLICIES
In order to achieve the vision, the Board of Investment has set 7 milestones of investment promotion as follows:
Restructure the industry by enhancing the prevailing industry along with building up new industrial bases, which Thailand has potential, and strengthening the supply chain
Accelerate the transition to Smart and Sustainable Industry of new investments and the enhancement of existing entrepreneurs
Advance Thailand as international business hub and regional trade and investment gateway
Develop strength and global connectivity of small and medium enterprise (SMEs) and Startup
Promote investment based on potential of the area, to create growth inclusively
Encourage promoted enterprise to engage in communal and social development
Promote Thai overseas investment to expand business opportunities and Thailand’s role in the global economy
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 the net profit and dividends derived from the promoted 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
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 promoted activities
Permit to own land
Permit to take out or remit money abroad in foreign currency