Investment Policy Measures

14 results
Thailand

Thailand

24 Nov 2023

Institutes new investor visa for Eastern Economic Corridor (EEC)

On 24 November 2023, the Government of Thailand approved the Eastern Economic Corridor (EEC) visa and work permit for foreigners, imposing a flat income tax rate of 17 per cent to boost foreign investments. The EEC, which covers three [...]

Thailand

Thailand

03 Feb 2023

Allows foreigners to work or invest in 18 targeted industries

On 3 February 2023, The Royal Thai Gazette website published a notice from the Ministry of Interior announcing a special permit for migrant workers to work or invest in 18 industries to boost the economy. The 3rd version of the notice, [...]

Thailand

Thailand

01 Jun 2022

Reduced import tariff for four major investment projects

On 1 June 2022, the Board of Investment (BOI) of Thailand approved tax incentives (import tariff reduction) for four major investment projects with combined investment value of 209 billion THB (around $ 6 billion) to promote further [...]

Thailand

Thailand

22 Feb 2022

Waives personal income tax for three groups of foreign investors

On 22, February 2022, the Government of Thailand approved waiving personal income tax for three groups of foreign taxpayers: high-income earners, retirees and foreigners who want to work remotely from Thailand. The beneficiaries would [...]

Thailand

Thailand

14 Sep 2021

Issues New Incentives to Attract Foreign Investors, Retirees and Professionals.

On September 14, 2021, Thailand’s Cabinet passed a resolution introducing immigration, tax, and land ownership incentives aimed at attracting foreign investors, wealthy pensioners, professionals who can work remotely from Thailand [...]

Thailand

Thailand

29 Aug 2019

Updated Minimum Capital Provisions for Foreign Companies in Thailand

Thailand’s Ministry of Commerce, to fulfill various treaty obligations and for ease of enforcement, has abolished the previous three ministerial regulations on minimum capital for foreign companies, and issued a single new Ministerial [...]

Thailand

Thailand

08 Feb 2018

Passes the Eastern Economic Corridor Act

On 8 February 2018, the National Legislative Assembly passed the Eastern Economic Corridor (EEC) Act. The new act provides incentives such as tax grants, the right to land ownership and the issue of visas. It also sets out the rules [...]

Thailand

Thailand

09 Jun 2017

Exempts certain business activities from the requirement to obtain a license under the Foreign Business Act

On 9 June 2017, the Ministry of Commerce has issued a regulation exempting certain business activities from the requirement of obtaining a foreign business license. The exempted businesses can be divided into two groups. Group 1 includes [...]

Thailand

Thailand

21 Feb 2017

Launches new measures to promote technology-based activities

On 21 February 2017, the Board of Investment (BOI) approved technology-based incentives to enhance the country's technological competitiveness. Key incentives include: (1) Up to 13 years corporate income tax (CIT) exemption to "investment [...]

Thailand

Thailand

14 Feb 2017

The Competitiveness Enhancement Act came into force

On 14 February 2017, the Competitiveness Enhancement Act came into force aimed at promoting investment in R&D, advanced technology and innovation. The Act exempts qualifying firms’ from corporate income tax for up to 15 years and [...]

Thailand

Thailand

25 Jan 2017

Amends the Investment Promotion Act

Effective from 25 January 2017, Thailand introduced its new Investment Promotion Act to provide more incentives to high-tech industries. Major changes from this amendment are as follows: (1) An exemption of import duty will be granted [...]

Thailand

Thailand

19 Feb 2016

Thailand exempts foreign business from license requirement in certain banking and insurance industries

Thailand's Ministry of Commerce has issued a ministerial regulation exempting certain banking and insurance industries from the restricted business activities under Schedule 3 of the Foreign Business Act. Foreign companies in (1) commercial [...]

Thailand

Thailand

13 Sep 2012

Revises tax package for regional operating headquarters

Regional Operating Headquarters of foreign investors in Thailand will receive a 15 year corporate income tax exemption. [...]

Thailand

Thailand

15 Dec 2011

Permits foreign banks to establish a subsidiary in Thailand

The Bank of Thailand annouced the policy which enables foreign banks which currently operate a branch in Thailand to apply to convert such a branch into a subsidiary, which can have a maximum of 20 branches and 20 off-premise ATMs, [...]

Number of policy measures per economy (since 01 Jan 2010) 1 94