BOI Thailand: Technology industry - Juslaws
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Biotechnology, nanotechnology, advanced materials technology and digital technology in Thailand

Thailand, like the rest of the world, is adapting to a constantly changing global economy driven by knowledge and innovation. Known as the industrial hub of Southeast Asia, Thailand is investing its future in developing a multilayered economy where both industry and research & innovation guide the nation from a middle-income state to a high-income state by 2026.
Increase funding of national research and development to at least 1% of Thailand’s GDP with the targeted ratio of public to private R&D investment of 30:70.

Opportunities for technology industry in Thailand

Thai government released a policy statement highlighting the nation’s plan to expand support of science, technology, research & development (R&D), and development & innovation.

Biotechnology

Cell Culture/Tissue Engineering Technology

Gene and Molecular Technology

Genetic Engineering Technology

Omics Technology

Biodegradable Technology

Bioinformatics

Advance Bioprocessing Technology

Bio-Analytical Technology

Biomaterial Production Technology

Nanotechnology

Cell Culture/Tissue Engineering Technology

Gene and Molecular Technology

Genetic Engineering Technology

Omics Technology

Biodegradable Technology

Bioinformatics

Advance Bioprocessing Technology

Bio-Analytical Technology

Biomaterial Production Technology

Advanced materials technology

Advance Catalyst Technology

Composite Materials Technology

Functional Materials Technology

Photonic & Optical Technology

Printed Electronics and Organic Electronics

Advance Materials Forming Process

Materials Characterization Technology

Energy Storage

Digital technology

Big Data Analytics Technology

Decentralized Sequential Transaction Database

Human Computer Interaction Technology/Brain Computer Interface

Internet of Things Technology

Natural Language Processing Technology

Virtual & Augmented Reality Technology

Digital Engineering and Manufacturing Technology

Software Testing Technology

Embedded Technology

Smart Grid

Wearable Technology

Artificial Intelligence Technology

Sensor Technology

Automation Technology

Robotics Technology

BOI benefits for technology industry in Thailand

Visas

Permission for 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 technology industry

Capital Income Tax (CIT) 8 years of CIT (without cap) exemptions on the net profit and dividends derived from the promoted activity.

Merit Based Incentives entitled.

Exemption/reduction of import duties on machinery.

Reduction of import duties for raw or essential materials.

Exemption of import duties on materials imported for R&D purposes.

Exemption of corporate income tax on net profit and dividends derived from the promoted high technology and innovation activity.

A 50 percent reduction of the corporate income tax.

Double deduction from the costs of transportation, electricity and water supply.

Additional 25 percent deduction of the cost of installation or construction of facilities.

Exemption of import duty on raw or essential materials imported for use in production for export

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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