Activities eligible for BOI promotion.
It is commonly known that the Thai government provides incentives to businesses operating in selected industries in an effort to decentralise Thailand’s industrial base and attract investments from both foreign and local entrepreneurs.
Incentives can be both tax and non-tax related and largely depend on the particular business activity. But what are the promoted industries? Let’s find out. This article sets out to provide a basic breakdown of eligible industries and activities for BOI promotion in Thailand (for a more detailed list, visit the government’s website).
Activities eligible for investment promotion
| Industry | Activities |
|---|---|
| 1. Agriculture and Agricultural Products |
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| 2. Mining, Ceramics and Basic Metals |
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| 3. Light Industry |
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| 4. Metal Products, Machinery and Transport Equipment |
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| 5. Electronic Industry and Electric Appliances |
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| 6. Chemicals, Paper and Plastics |
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| 7. Services and Public Utilities |
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The following activities are classified as activities of special importance and benefits to the country that will be granted corporate income tax exemption without being subject to a corporate income tax exemption cap:
Economic forest plantations (except for Eucalyptus)- Creative product design and development centres
- Manufacture of air frames, air frame parts and major aircraft appliances, e.g. engines, aircraft parts, propellers and avionics
- Electronics design
- Software
- Production of electricity or steam power from waste or refuse-derived fuel
- Energy Service Company (ESCO)
- Industrial zones or technology industrial zones
- Cloud services
- Research and development
- Biotechnology
- Engineering design
- Scientific laboratories
- Calibration services
- Vocational training centres
