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

1. Agriculture and Agricultural Products
  • Manufacture of biological fertilizers, organic fertilizers, nano-coated organo-chemical fertilizer and bio-pesticides
  • Plant or animal breeding
  • Economic forest plantation
  • Animal propagation or animal husbandry
  • Slaughtering
  • Deep sea fishery
  • Grading, packaging and storage of plants, vegetables, fruits or flowers
  • Manufacture of modified starch or starch made from plants that have special properties
  • Manufacture of oil or fat from plants or animals
  • Manufacture of natural extracts or products from natural extracts
  • Manufacture of active ingredients from natural raw materials
  • Tanneries or leather finishing
  • Manufacture of natural rubber products
  • Manufacture of products from agricultural by-products or agricultural waste
  • Manufacture of fuel from agricultural products, including agricultural scrap or garbage or waste
  • Manufacture or preservation of food, beverages, food additives or food ingredients using modern technology
  • Manufacture of medical food or food supplements
  • Cold storage or cold storage and cold storage transportation
  • Trading centres for agricultural goods
2. Mining, Ceramics and Basic Metals
  • Potash mining and/or dressing
  • Manufacture of advanced or nano materials or products produced from advanced or nano materials
  • Manufacture of glass or ceramic products
  • Manufacture of fire-resistant materials or heat insulation
  • Manufacture of gypsum board or gypsum products
  • Manufacture of up-stream steel
  • Manufacture of intermediate steel
  • Manufacture of down-stream steel
  • Manufacture of steel pipes or stainless steel pipes
  • Manufacture of metal powder
  • Manufacture of ferro-alloy
  • Manufacture of cast iron/steel parts
  • Manufacture of forged iron/steel parts
  • Rolling, drawing, casting or forging of non-ferrous metals
  • Coil centre
3. Light Industry
  • Manufacture of textile products or parts
  • Manufacture of non-woven fabric or hygienic products made of non-woven fabric
  • Manufacture of bags or shoes or products made of leather or artificial leather
  • Manufacture of sports equipment or parts
  • Manufacture of musical instrument
  • Manufacture of furniture or parts
  • Manufacture of toys
  • Manufacture of gems and jewellery or parts including raw materials and prototype
  • Creative product design and development centre
  • Manufacture of lenses
  • Manufacture of medical devices or parts
4. Metal Products, Machinery and Transport Equipment
  • Manufacture of metal products including metal parts
  • Surface treatment or anodized surface treatment
  • Heat Treatment
  • Manufacture of multi-purpose engines and equipment
  • Manufacture of machinery, equipment and parts
  • Manufacture of general automobile
  • Manufacture of automobile engines
  • Manufacture of vehicle parts
  • Building or repair of ships
  • Manufacture of trains or electric trains or equipment or parts
  • Manufacture or repair of aircraft, including aircraft parts and equipment or on-board equipment
  • Manufacture of motorcycles
  • Manufacture of Fuel Cells
  • Fabrication industry or platform repair for petroleum industry
  • Manufacture of science equipment
5. Electronic Industry and Electric Appliances
  • Manufacture of electrical products
  • Manufacture of electrical parts and/or equipment or parts and/or equipment used for electrical products
  • Manufacture of electronic products
  • Manufacturer of electronic parts and/or equipment or parts and/or equipment used for electronic apparatus
  • Manufacture of material for microelectronics
  • Electronics design
  • Software
  • E-commerce
6. Chemicals, Paper and Plastics
  • Manufacture of industrial chemicals
  • Manufacture of eco-friendly chemicals or polymers or products from eco-friendly polymers
  • Oil refinery
  • Manufacture of petrochemicals
  • Manufacture of specialty polymers or specialty chemicals
  • Manufacture of plastic products for industrial goods
  • Manufacture of plastic packages with special properties
  • Manufacture of plastic products from recycled plastic
  • Active pharmaceutical ingredients
  • Manufacture of medicine
  • Manufacture of chemical fundamental fertilizers
  • Manufacture of pulp or paper
  • Manufacture paper articles
  • Production of printed matter
7. Services and Public Utilities
  • Logistics businesses
  • Industrial zones or industrial estates
  • Businesses that support tourism

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
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