BOI Thailand: Services & Public Utilities - Juslaws
PRACTICE AREAS
Board of investment

Services & public utilities

Thailand has been maintaining its reputation as a business-friendly country for foreign investment and has proved it by becoming the center of commerce in Southeast Asia.
The major driving force behind Thailand’s economic growth is robust human capital.
Industries like Research and Development, Tech, IT, Food Innovation, Engineering Design and others require the availability of technical support. Every year, there are roughly 250,000 vocational and university graduates in Science and Technology-related fields. Thailand has been ranked highest for several factors related to employment and talent development in Asia.

Opportunities for services and public utilities industries in Thailand

The Thai Government is committed to promoting innovative, technology-based industries. To stimulate investment, it offers a wide range of fiscal and non-tax incentives.

Services and public utilities industries

Public and basic services

Natural gas station

Mass transit systems and transportation of bulk goods

Logistics service centers

International headquarters: IHQ

International trading centers: ITC

Trade and investment support offices: TISO

Energy Service Company (ESCO)

Real estate development for industrial use

Cloud services

Research and development

Engineering design

Scientific laboratories

Calibration services

Product sterilization services

Recycling and reuse of unwanted materials

Waste treatment or disposal

Vocational training centers

Thai motion picture production

Motion picture support services

Tourism promotion services

Activities to support tourism

Biotechnology

BOI benefits for services and public utilities industries in Thailand

100% Foreign Ownership

Permission to have 100% foreign ownership

Visas & Work Permits

Including all family members

Freehold land ownership

Permission for foreigners to own land

Transfer funds

Permission to transfer foreign currency aboard

BOI incentives for services and public utilities industries

Capital Income Tax (CIT) exemption up to 8 years

R&D cases or projects utilizing advance technology and innovation may receive CIT exemption up to 15 years (max)

100% foreign ownership

10 billion THB grants for investment projects engaged in R&D, innovation or human resource development in specific areas.

Permission to own land

Visa and work permits

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 Incentives based on Competitiveness Enhancement

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CHRISTIAN MOSER

Partner

christian.moser@juslaws.com

+66 2254 4117

CHONTICHA LEKKHAM

Senior Lawyer

chonticha@juslaws.com

+66 2254 4117

NITHIRAT CHAYAAPICHAT

Senior Associate

nithirat@juslaws.com

+66 7630 4353