{"id":729,"date":"2022-10-28T05:41:32","date_gmt":"2022-10-27T22:41:32","guid":{"rendered":"https:\/\/unionspace.co.th\/doing-business-living-bangkok\/?p=729"},"modified":"2022-10-28T05:41:34","modified_gmt":"2022-10-27T22:41:34","slug":"what-businesses-are-eligible-for-boi-promotion-in-thailand","status":"publish","type":"post","link":"https:\/\/unionspace.co.th\/doing-business-living-bangkok\/what-businesses-are-eligible-for-boi-promotion-in-thailand\/","title":{"rendered":"What Businesses are eligible for BOI promotion in Thailand."},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"part1\">What is BOI?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The BOI (Office of Board of Investment) is a Thai government agency that has a role of promoting valuable investment both into Thailand and Thai overseas investment. It does so by provide a series of tax and non-tax incentives.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"part2\">BOI investment promotion policies<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Investment promotion policies under the BOI are to:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Promote investment that helps enhance national competitiveness<\/li><li>Promote activities that are environment-friendly<\/li><li>Promote clusters to create investment concentration in accordance with regional potential and to strengthen value chains<\/li><li>Promote investment in border provinces in Southern Thailand<\/li><li>Promote special economic zones<\/li><li>Promote Thai overseas investment to enhance the competitiveness of Thai businesses in the global economy<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"part3\">Activities eligible for investment promotion<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The following activities are eligible for BOI promotion in Thailand:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>1. Agriculture and agricultural products<\/strong><\/td><td>Manufacture of biological fertilisers, organic fertiliser, nano-coated organo-chemical fertiliser and bio-pesticides<\/td><\/tr><tr><td>Plant or animal breeding (only those that are not eligible for biotechnology activity)<\/td><\/tr><tr><td>Crop dying and silo facilities<\/td><\/tr><tr><td>Animal propagation or animal husbandry<\/td><\/tr><tr><td>Slaughtering<\/td><\/tr><tr><td>Deep sea fishery<\/td><\/tr><tr><td>Grading, packaging and storage of plants, vegetables, fruits or flowers<\/td><\/tr><tr><td>Manufacture of modified starch or starch made from plants that have special properties<\/td><\/tr><tr><td>Manufacture of oil or fat from plants or animals<\/td><\/tr><tr><td>Manufacture of natural extracts or products from natural extracts<\/td><\/tr><tr><td>Manufacture of active ingredients from natural raw materials<\/td><\/tr><tr><td>Tanneries or leather finishing<\/td><\/tr><tr><td>Manufacture of natural rubber products (except for rubber bands, rubber balloons and rubber rings)<\/td><\/tr><tr><td>Manufacture of products from agricultural by-products or agricultural waste (except for those with uncomplicated production processes, eg drying or dehydration)<\/td><\/tr><tr><td>Manufacture of fuel from agricultural products, including agricultural scrap or garbage or waste<\/td><\/tr><tr><td>Manufacture of preservation of food, beverages, food additives or food ingredients using modern technology<\/td><\/tr><tr><td>Manufacture of medical food or food supplements<\/td><\/tr><tr><td>Cold storage, or cold storage and cold storage transportation<\/td><\/tr><tr><td>Trading centre for agricultural goods<\/td><\/tr><tr><td>Manufacture of animal feed production and animal food ingredients<\/td><\/tr><tr><td>Manufacture of modern agricultural products or services related to modern agriculture<\/td><\/tr><tr><td><strong>2. Mining, ceramics and basic metals<\/strong><\/td><td>Prospecting of minerals<\/td><\/tr><tr><td>Potash mining and\/or dressing<\/td><\/tr><tr><td>Manufacture of advanced or nano materials or products produced from advanced or nano materials<\/td><\/tr><tr><td>Manufacture of glass or ceramics products<\/td><\/tr><tr><td>Manufacture of fire-resistant materials or heat insulation<\/td><\/tr><tr><td>Manufacture of gypsum board or gypsum products<\/td><\/tr><tr><td>Manufacture of up-stream steel, eg hot metal, pig iron, sponge iron, Direct Reduction Iron (DRI) and Hot Briquetted Iron (HBI)<\/td><\/tr><tr><td>Manufacture of intermediate steel, eg slab, billet and bloom<\/td><\/tr><tr><td>Manufacture of down-stream steel<\/td><\/tr><tr><td>Manufacture of steel pipes or stainless-steel pipes<\/td><\/tr><tr><td>Manufacture of metal powder<\/td><\/tr><tr><td>Manufacture of ferro-alloy<\/td><\/tr><tr><td>Manufacture of cast iron\/steel parts<\/td><\/tr><tr><td>Rolling, drawing, casting or gorging of non-ferrous metals<\/td><\/tr><tr><td>Coil centre<\/td><\/tr><tr><td>Manufacture of construction materials and pre-stressed concrete for public utilities<\/td><\/tr><tr><td><strong>3.&nbsp;<\/strong><strong>Light industry<\/strong><\/td><td>Manufacture of textile products or parts<\/td><\/tr><tr><td>Manufacture of non-woven fabric or hygienic products made of non-woven fabric<\/td><\/tr><tr><td>Manufacture of bags or shoes or products made of leather or artificial leather<\/td><\/tr><tr><td>Manufacture of sports equipment or parts<\/td><\/tr><tr><td>Manufacture of musical instrument<\/td><\/tr><tr><td>Manufacture of furniture or parts<\/td><\/tr><tr><td>Manufacture of toys<\/td><\/tr><tr><td>Manufacture of gems and jewellery or parts including raw material and prototype<\/td><\/tr><tr><td>Manufacture of lenses<\/td><\/tr><tr><td>Manufacture of medical devices or parts<\/td><\/tr><tr><td><strong>4.&nbsp;<\/strong><strong>Metal products or metal products including metal parts<\/strong><\/td><td>Manufacture of metal products including metal parts<\/td><\/tr><tr><td>Surface treatment or anodised surface treatment (except coating or colouring treatment for decoration purpose)<\/td><\/tr><tr><td>Heat treatment<\/td><\/tr><tr><td>Manufacture of multi-purpose engines and equipment<\/td><\/tr><tr><td>Manufacture of machinery, equipment and parts<\/td><\/tr><tr><td>Manufacture of general automobile<\/td><\/tr><tr><td>Manufacture of automobile engines<\/td><\/tr><tr><td>Manufacture of vehicle parts<\/td><\/tr><tr><td>Building or repair of ships<\/td><\/tr><tr><td>Manufacture and\/or repair of rolling stocks, parts or equipment for rail system<\/td><\/tr><tr><td>Manufacture or repair of aircraft or aerospace devices and equipment<\/td><\/tr><tr><td>Manufacture of motorcycles<\/td><\/tr><tr><td>Manufacture of fuel cells<\/td><\/tr><tr><td>Fabrication industry or platform repair for petroleum industry<\/td><\/tr><tr><td>Manufacture of science equipment<\/td><\/tr><tr><td>Manufacture and\/or repair of vehicles and weapon systems for national defence<\/td><\/tr><tr><td>Manufacture and\/or repair of weapons and exercise-facilitating equipment for national defence and parts<\/td><\/tr><tr><td>Manufacture and\/or repair of combat facilitating equipment such as bullet-proof and flak-proof vests, armours or bullet-proof and flak-proof shields<\/td><\/tr><tr><td><strong>5.&nbsp;<\/strong><strong>Electronic industry and electric appliances<\/strong><\/td><td>Manufacture of electrical products<\/td><\/tr><tr><td>Manufacture of parts and\/or equipment used for electrical products<\/td><\/tr><tr><td>Manufacture of electronic products<\/td><\/tr><tr><td>Manufacture of parts and\/or equipment used for electronic products<\/td><\/tr><tr><td>Manufacture of material for microelectronics<\/td><\/tr><tr><td>E-commerce<\/td><\/tr><tr><td>Digital services<\/td><\/tr><tr><td><strong>6.&nbsp;<\/strong><strong>Chemicals, paper and plastics<\/strong><\/td><td>Manufacturing of chemical products for industry<\/td><\/tr><tr><td>Manufacture of eco-friendly chemicals or polymers or products from eco-friendly polymers<\/td><\/tr><tr><td>Oil refinery<\/td><\/tr><tr><td>Manufacture of petrochemicals<\/td><\/tr><tr><td>Manufacture of specialty polymers or specialty chemicals<\/td><\/tr><tr><td>Manufacture of plastic products for industrial goods<\/td><\/tr><tr><td>Manufacture of plastic packages with special properties<\/td><\/tr><tr><td>Manufacture of plastic products from recycled plastic<\/td><\/tr><tr><td>Active pharmaceutical ingredients<\/td><\/tr><tr><td>Manufacturing of medicines<\/td><\/tr><tr><td>Manufacture of chemical fundamental fertilisers<\/td><\/tr><tr><td>Manufacture of pulp or paper<\/td><\/tr><tr><td>Manufacture paper articles<\/td><\/tr><tr><td>Production of printed matter<\/td><\/tr><tr><td>Manufacture of body care products, such as soap, shampoo, toothpaste and cosmetics<\/td><\/tr><tr><td>Manufacture of plastic products for consumer goods<\/td><\/tr><tr><td>Manufacture of products from pulp or paper<\/td><\/tr><tr><td><strong>7.&nbsp;<\/strong><strong>Service and public utilities<\/strong><\/td><td>Public utilities and basic services<\/td><\/tr><tr><td>Natural gas station<\/td><\/tr><tr><td>Mass transit systems and transportation of bulk goods<\/td><\/tr><tr><td>Logistics service centres<\/td><\/tr><tr><td>Real estate development for industrial use<\/td><\/tr><tr><td>Product sterilization services<\/td><\/tr><tr><td>Recycling and reuse of unwanted materials<\/td><\/tr><tr><td>Waste treatment or disposal<\/td><\/tr><tr><td>Thai motion picture production<\/td><\/tr><tr><td>Motion picture support services<\/td><\/tr><tr><td>Tourism promotion services<\/td><\/tr><tr><td>Activities to support tourism<\/td><\/tr><tr><td>Medical services<\/td><\/tr><tr><td>Development of labour\u2019s accommodation in accordance with international standard<\/td><\/tr><tr><td>Smart city area development business<\/td><\/tr><tr><td>Smart city system development business<\/td><\/tr><tr><td>Distribution centre with smart system<\/td><\/tr><tr><td>International Business Centre<\/td><\/tr><tr><td>EV charging stations<\/td><\/tr><tr><td>Housing projects for low-income earners<\/td><\/tr><tr><td><strong>8.&nbsp;<\/strong><strong>Technology and innovation development<\/strong><\/td><td>Targeted care technology development<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The following activities are knowledge-based activities focusing on R&amp;D and design to enhance the country\u2019s competitiveness that will be granted an eight-year corporate income tax exemption without being subject to an exemption cap:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Economic forest plantation (except for Eucalyptus)<\/li><li>Creative product design and development centre<\/li><li>Manufacture of aircraft or aircraft parts, such as airframe, critical parts, appliance equipment or other components<\/li><li>Manufacture and\/or repair of unmanned systems for national defence and parts used in the manufacture and\/or repair<\/li><li>Electronics design<\/li><li>Software<\/li><li>Production of electricity or electricity and steam from garbage or refuse-derived fuel<\/li><li>Energy Service Company (ESCO)<\/li><li>Food innovation industrial zone<\/li><li>Industrial zone or technology zone<\/li><li>Cloud service<\/li><li>Research and development<ul><li>Bio and medical industries<\/li><li>Advanced manufacturing industries<\/li><li>Basic and supporting industries<\/li><li>High-value services<\/li><li>Creative and digital industries<\/li><\/ul><\/li><li>Biotechnology<\/li><li>Engineering design<\/li><li>Scientific laboratories<\/li><li>Calibration services<\/li><li>Human resources development<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Incentives can be both tax and non-tax related and depend on the type of business activity. A more detailed list of activities can be found on the&nbsp;<a href=\"https:\/\/www.boi.go.th\/index.php?page=eligible_activities\" target=\"_blank\" rel=\"noreferrer noopener\">BOI\u2019s website<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you are interested in opening a BOI company in Thailand or a Thai Limited Company, please contact us for a Free Consultation. We can also assist you with your Work Permit &amp; Visa needs<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tel: +6620360600<br>Line: https:\/\/lin.ee\/sqS7VlQ<br>WhatsApp: https:\/\/wa.me\/66620155533<br>Website: https:\/\/unionspace.co.th<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is BOI? The BOI (Office of Board of Investment) is a Thai government agency that has a role of promoting valuable investment both into Thailand and Thai overseas investment. It does so by provide a series of tax and non-tax incentives. BOI investment promotion policies Investment promotion policies under the BOI are to: Promote&#8230;<\/p>\n","protected":false},"author":4,"featured_media":730,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[58,149,150,151,17],"class_list":["post-729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doing-business-in-thailand-foreigner-locals","tag-activities","tag-boi","tag-eligible","tag-incentive","tag-thailand"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"What is BOI? The BOI (Office of Board of Investment) is a Thai government agency that has a role of promoting valuable investment both into Thailand and Thai overseas investment. It does so by provide a series of tax and non-tax incentives. 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