BOI Thailand: Light industry - Juslaws

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Light industry

This section includes various activities including: manufacturing textile products, manufacturing garments, bags and shoes, clothing and household textile. Manufacturing furniture and parts, manufacturing gems and jewelry. Creative product design and development center, manufacturing of medical devices or parts.
Thailand is one of the few countries in the world that can supply the complete textile industry chain, from upstream, through midstream, to downstream, from petrochemical and natural fiber production, to fabric and textiles, all the way to design, production, and sale of apparel, home textiles, and technical textiles.
For Gems and Jewelry: With its centuries-old reputation for superb craftsmanship and its strong manufacturing base, Thailand has become one of the world’s top exporters of gems and jewelry. Gems and jewelry production plays a crucial role in the Kingdom’s economy through the creation of jobs and development of related industries such as gem cutting, gem-cutting equipment, jewelry design, mining and packaging. There are about 700 factories registered with the Department of Industrial Works, 80% of which are small and medium enterprises.
Manufacturing of Medical Devices or parts: Many leading medical device companies invest in Thailand because of the country’s high market growth potential, abundance of raw materials, (especially natural rubber as Thailand is the world’s largest producer), skilled and affordable labor, excellent infrastructure, advanced production technology, and high quality-control standards. Additionally, the government offers attractive investment incentives for investment in the medical device sector.

Opportunities for light industry in Thailand

The establishment of the Asian economic community (AEC) in 2015 has set up Asian as a single market that facilitates free flows of goods; free flow of services, investment, capital and skilled labor within the region. Many world-class firms have relocated their operations to Thailand to reduce production costs and benefit from Thailand’s strategic location.

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

Manufacture of sports equipment or parts

Manufacture of musical instrument

Manufacture of furniture or parts

Manufacture of toys

Manufacture of gems and jewelry or parts including raw materials and prototype

Creative product design and development center

Manufacture of lenses

Manufacture of medical devices or parts

BOI benefits for light industry in Thailand

Visas & Work Permits

Permission to foreign nationals to enter the Kingdom for the purpose of studying investment opportunities.

Unlimited work permits

Get work permits to bring in skilled foreign workers

Permission to own land


Transfer funds

Permission to transfer money abroad in foreign currency

BOI incentives for light industry

Capital Income Tax (CIT) exemption up to 8 years

100% Foreign ownership

Visa and work permits

Permission to own land

Transferring funds in foreign currency

Reduction of import duties on machinery and raw materials

Double deduction of costs of transportation, electric and water

Import duty exemption on raw or essential materials imported for use in production for export

Decentralization Merit Incentives

Merit based on Competitiveness Enhancement

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CHRISTIAN MOSER

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CHONTICHA LEKKHAM

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NITHIRAT CHAYAAPICHAT

Senior Associate

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