Here are the Investment Opportunities in Thailand that can Make You a Billionaire

Are you aware of the buzz about Thailand 4.0? But do you know what it is? It is actually the new economic model that targets to create more investment opportunities in Thailand. This model is targeting four sectors including agricultural sector, light industries, heavy industries and innovation-driven sector and so named 4.0. When is the focus to boost foreign investment, how come BOI be in the back seat?

The Board of Investment in Thailand has not only amended a bit of their policy but has come up with some incredible tax incentives and facilities. Let’s have a look at them.

Policy

• 100% foreign ownership
• Requirement for local content is not applicable anymore
• No export requirements
• No restriction on foreign notes or currency

Tax Incentives

• Exemption of import duties on raw materials and machinery imported for the production of exports
• CIT (Corporate Income Tax) exemption of up to 15 years
• 50% CIT reduction in 10 years
• Reduction up to 70% of the invested capital on the profit (net) received within 10 years
• Sector-based incentives are also permitted like;
• Up to 8-year tax holiday for the targeted industries based on the Seven-Year Investment Promotion Strategy
• Up to 13-year tax holiday for R&D projects and core technologies

Facilities

• Land ownership rights
• Work permit and visa facilitation

Also, BOI has taken competitive enhancement measures such as allowing grant for R&D and training and up to 15-year of tax holiday for high-impact investment and new technologies.

Additional incentives are also granted for the investment for the development of the Core Technologies, wherein Thailand has all the potentiality to enhance its overall competitiveness. However, projects should be engaged in technology through education and research as stipulated by the BOI.

Interestingly, Strategic Talent Center (STC) has been established to provide services to identify available specialists and researchers in science and technology field in order to support the private sector. The centers aim at science and technology expert search, qualifications/expertise recognition and visa and work permit facilitation. BOI is also offering support services, which include investment matchmaking program, subcontracting development program by Build unit, interaction with other government agencies and one-stop visas and work permits.

So, now that you know what Thailand has in store for you, I am sure you will be extremely excited to invest in the country.