This post is an extension of Thailand BOI cluster policy. Agro-processing industrial cluster targets the areas in different regions according to the raw materials that are available in the area. This is to boost the level of support and cooperation in all facets of the business, in order to strengthen the industrial value chain, enhancing investment […]
The following activities which are eligible for Thailand BOI promotion shall be granted both tax and non tax incentives if they are located in either Chonburi or Rayong according to the new Thailand BOI cluster policy. Eco-friendly Chemicals or Polymers; or Products Made from Eco-friendly Polymers Specialty Polymers or Specialty Chemicals Bioplastic-coated Paper Packaging Thailand […]
With the Thai government’s Cluster-based Special Economic Development Zones policy, or the Cluster Policy, foreigners doing business in the area of digital economy may be eligible for special incentives, which are more than the normal Thailand BOI benefits. The Board of Investment grants 8 year corporate income tax exemption plus 5 year 50% income tax […]
This is part 2 of 3 posts on Thailand BOI Cluster Policy. Read Thailand BOI Cluster Policy – part 2 of 3 here. In this part, we talk about Thailand BOI’s Investment Incentives for Cluster-based Special Economic Development Zones and the criteria for the approval of incentives. The Board of Investment grants the following incentives for Super Cluster 8-year […]
This is part 2 of 3 posts on Thailand BOI Cluster Policy. You can read Thailand BOI Cluster Policy part 1 of 3 here. In the initial stage of the Cluster Policy, the government has targeted to develop 2 types of clusters: super cluster and other targeted clusters. Super Cluster: includes clusters of businesses using […]
This is part 1 of 3 posts on Thailand BOI Cluster Policy. Thailand BOI cluster policy is intended as a response to the Thai government’s Cluster-based Special Economic Development Zones policy, or the Cluster Policy, which came into effect on September 16, 2015. A cluster is concentration of interconnected businesses and related institutions that operate […]
Thailand BOI promoted companies which applied for BOI promotion during 1 January 2014 – 30 June 2016 and are in the categories that receive corporate income tax exemption will be able to receive more years of tax exemption and 50% tax reduction as additional Thailand BOI benefits. Conditions: The company must have an actual investment […]
We got a question from a foreigner whose business was approved Thailand BOI promotion. Question: Hi Thai Lawyers, we applied for BOI for our business we plan to do in Thailand. We got a letter from the Board of Investment telling us they approved of our project, but we did not see any BOI certificate […]
There are many types of agriculture activities granted Thailand BOI promotion. This post, we will look through the conditions and benefits of BOI for animal propagation or animal husbandry which is one of the activities eligible for promotion. The promoted companies can obtain corporate income tax exemption and non-tax incentives. Conditions A. Livestock and aquatic […]
Thailand Board of Investment has one of the conditions for the promoted companies in some promoted activities to have a minimum level of investment capital. Construction costs can be included as part of such investment. Moreover, in case the promoted companies lease an office space, land, building or factory, the total lease amount specified in […]