The Office of the Board of Investment (BOI)
The Office of the Board of Investment is a government agency under the Office of the Prime Minister. Its core roles and responsibilities are to promote valuable investment, both investment into Thailand and Thai overseas investment.
our vision
Promotion of Investment to restructure Thailand’s economy into new economy
Five-Year Investment Promotion Strategy (2023- 2027)
The Board of Investment (BOI) has set three key objectives for restructuring Thailand’s economy, as follows:
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.
Tax Incentives
- 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
- Provide advice and information on investment opportunities and rules & regulations on BOI investment promotion.
- Link investors with government agencies & private sector to facilitate business operation such as company establishment and work permit application process.
- Provide support on industrial linkage and sourcing of local suppliers.
- Provides support on the identification of potential investors.
- Provide services in identifying and recognition of foreign specialists or researchers in science and technology by BOI Strategic Talent Center (STC).
- Provide counsel on overseas investment and provide training courses on overseas investment for Thai investors.
Source : Announcement of the Board of Investment No. 8/2565 Announcement of the Board of Investment No. 9/2565
Last updated : April 18th, 2023
