At this joyous time of year, we are excited to share some updates on investment activity in Thailand.
In 2018, BOI has launched multiple initiatives expected to yield a "Golden Year of Investment" for Thailand in 2019. First of these is a new incentive package, intended to boost investment to Thailand's knowledge-based industries. The program, which took effect on November 19, 2018 and runs through the end of 2019, includes a 50% reduction of corporate income tax for three years. More information on this program can be found in the links section below.
The Thai government has also improved qualifications and criteria for the Smart Visa, in order to provide greater convenience for foreign investors and experts in targeted industries who are either already working or seeking to work in Thailand. The new Smart Visa expansion offers more benefits for Smart Visa holders, and more flexible qualification criteria for applicants. More information on the Smart Visa expansion is available below as well.
Below, I've included some recent industry news from Thailand you may find interesting.
BOI Thailand wishes you and your family abundance, happiness, and peace in the coming year. Happy Holidays and Happy New Year!
Thailand Board of Investment, North America