Scope and nature of the business eligible for promotion

Entrepreneurs engaged in non-educational businesses (i.e., companies not operating as educational or training institutions) who plan to invest in the establishment of vocational training centers or educational institutions aimed at human resource development, particularly in the fields of science, technology, engineering, and advanced STEM disciplines

Criteria for investment promotion applicants

1. Existing projects, with or without investment promotion

Case 1: BOI-promoted projects whose corporate income tax exemption privileges have expired, or those that were not granted such exemptions.

Case 2: Non-BOI projects (i.e., projects that have never applied for investment promotion)

2. A new investment project applying for promotion in the business of vocational training centers and/or educational institutions, operated under either an existing or newly established juristic entity, wholly owned by the same group of shareholders as the original business operators.

Both cases must involve business activities that are currently eligible for promotion by the Office.

Privileges and incentives

Applicants for investment promotion (investing companies):

• • Entitled to a corporate income tax exemption for a period of 5 years, up to a maximum of 100% of the capital invested in the establishment of educational institutions and training centers (excluding land costs and working capital).
• • Other privileges and incentives, excluding tax-related incentives.

Educational institutions and training centers:

• • Eligible for exemption from import duties on machinery.
• • Other privileges and incentives, excluding tax-related incentives.

Conditions for support

A minimum capital investment of 1 million baht is required for the establishment of educational institutions and/or training centers (excluding land costs and working capital)