Why Thailand?
Thailand offers strategic location, skilled workforce, and strong government support, making it the ideal gateway to ASEAN and global markets.
Geographical Advantages
Why does Thailand have geographical advantages in attracting investment?
Thailand, ASEAN's Investment Hub
Thailand ranks as the 2nd largest economy in ASEAN.
Top 5 Export Destinations in 2024
Top 5 Export Products in 2024
Digital Readiness
Thailand is Ready for the Future: Digital Driving Investment
Competitive Wage
Competitive labor costs to boost your business potential and superior investment opportunities
Minimum wage 337-400 baht/day, average 372 baht or approximately 10 USD
Quality and Skilled Workforce
An expert and multi-skilled workforce, driving operational excellence and boosting your business edge across all industries
Connecting Asia to Global Opportunities
Transportation Hub Connecting Asia and the World, Leading to High-Potential Investments
International Connectivity
Thailand is a central hub in the Greater Mekong Subregion (GMS), connecting Cambodia, Laos, Myanmar, Vietnam, and Southern China.
Land Transport
Asian Highway Network is a highway network connecting 32 countries in Asia.
93 Land Border Crossing Points
Investment Incentives
Basic benefits and privileges under the Investment Promotion Act
| Business Group | Corporate Income Tax Exemption |
|---|---|
| A1+ | 10-13 years Unlimited amount |
| A1 | 8 years Unlimited amount |
| A2 | 8 years |
| A3 | 5 years |
| A4 | 3 years |
| B | - |
| Business Group | Machinery Import Duty Exemption | Research Import Duty Exemption |
|---|---|---|
| A1+ | ||
| A1 | ||
| A2 | ||
| A3 | ||
| A4 | ||
| B |
| Business Group | Raw Material Import Duty Exemption for Export Production | Non-Tax Benefits |
|---|---|---|
| A1+ | ||
| A1 | ||
| A2 | ||
| A3 | ||
| A4 | ||
| B |
| Business Group | Corporate Income Tax Exemption | Machinery Import Duty Exemption | Research Import Duty Exemption | Raw Material Import Duty Exemption for Export Production | Non-Tax Benefits |
|---|---|---|---|---|---|
| A1+ | 10-13 years Unlimited amount | ||||
| A1 | 8 years Unlimited amount | ||||
| A2 | 8 years | ||||
| A3 | 5 years | ||||
| A4 | 3 years | ||||
| B | - |
Additional Incentives and Benefits under the Investment Promotion Act
Key Industry Benefits
Summary of investment benefits under the Investment Promotion Act and the Competitiveness Enhancement Act for Target Industries
Printed Circuit Board (PCB)
- Exemption from corporate income tax for up to 8 years for projects that meet the BOI’s specified criteria
Semiconductor
- Exemption from corporate income tax for up to 13 years for projects that meet the BOI’s specified criteria
Electric Vehicle (EV) Battery Production
- Exemption from corporate income tax for up to 8 years, with no cap on the amount, for projects that meet the BOI’s specified criteria specified criteria
- Basic Incentives and Benefits under the Competitiveness Enhancement Act for Targeted Industries
- Exemption from corporate income tax for up to 15 years, with no cap on the corporate income tax amount eligible for exemption, for projects that meet the specified criteria
- Financial support from the funds covering 30%–50% of investment, research and development, innovation promotion, or specialized human resource development
- Exemption from income tax on dividends received from promoted businesses
- *Subject to the conditions set by the Competitiveness Enhancement Act for Targeted Industries
Biotechnology
- Exemption from corporate income tax for up to 10 years for projects that meet the BOI’s specified criteria
Tax Expenses
Corporate income tax on net profit
| For general companies | For accounting periods starting from January 1, 2015, onwards | 20% |
| Regional Operations Headquarters (ROH) | 10% | |
| Withholding tax on bank deposits | ||
| Individuals | 15% | |
| Corporations | 1% | |
| Foundations | 10% | |
| Value Added Tax (VAT) | ||
| Income that falls within the taxable threshold (THB) | Exempt | |
| Income exceeding 1,800,000 THB | 7% |
For general companies (For accounting periods starting from January 1, 2015, onwards)
20%
Regional Operations Headquarters (ROH)
10%
Individuals
15%
Corporations
1%
Foundations
10%
Income that falls within the taxable threshold (THB)
Exempt
Income exceeding 1,800,000 THB
7%
Land and Building Tax
Land and Building Tax is divided based on land usage. For other types of land use, aside from agriculture and residential, such as commercial, industrial, office, and hotel, the tax rate ranges from 0.3% to 0.7%, as follows:
304 Industrial Park
Creating a future-ready ecosystem for businesses, with green energy, complete facilities, and global connectivity.
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