Thailand’s Board of Investment

The BOI under the Ministry of Industry is the principal government agency for encouraging investment. If you wish to set up an operation in Thailand, the BOI is available to assist you in enhancing your competitiveness and facilitating your investment by:

Offering an attractive and competitive package of tax and non tax incentives.
Imposing no foreign equity restrictions on manufacturing activities or on some activities.
Providing assistance in the provision of visa and work permits to facilitate entry and subsequence operation for a foreign-owned business.
Waiving restrictions on land ownership by foreign entities.

In addition, the BOI provides business support services such as comprehensive information and advice on establishing operations in Thailand, arranging site visits, identifying potential suppliers, subcontractors, joint-venture partners, providing useful contacts with key public and private organizations and coordination between the foreign business community and other public agencies.

Biotech activities that are granted special tax investment incentives by the Board of Investment should involve research and development and production requiring a high level of biotechnology within the following four areas:

Seed production or plant and animal improvement.
Medical supplies such as vaccines.
Testing kits for medical, agricultural, food and environmental use.
Microbe, plant cell and animal cell use to produce biomolecules and biologically active compounds.

On April 9 2007, the biotechnology sector was granted the highest promotion privileges by the BOI. These privileges include import tax exemption for machinery/equipment and a personal income tax exemption for 8 years without limit for every zone. Corporate income tax for net profits will be reduced by 50% for an additional 5 years if the bio-business is located in the Thailand Science Park.

For more information, please visit: The Board of Investment of Thailand.