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Thailand Introduces Incentives to Support Technology and Software and Digital Content Development Companies and Extends Incentive for Capital Investment

15 February 2017

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Approved Changes

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Thailand

On 8 February 2017, a release was published by the National News Bureau of Thailand announcing that the Board of Investment has approved measures to promote ten targeted technology industries, including biotechnology, nanotechnology, advanced manufacturing technology, digital technology, as well as services supporting core technologies such as research and development, occupational training courses on science and technology and electronic design. The measures include a 10-year exemption for corporate income tax, a new visa application process for foreign workers, and a special income tax for highly skilled professionals. Also announced are measures to support the software and digital content industry, including...