Thailand BOI’s Comprehensive Relocation Incentives: A Catalyst for Business Expansion

The recent announcement from the Thailand Board of Investment (BOI), under Announcement No. 3/2567, introduces a comprehensive set of incentives aimed at encouraging businesses to relocate their integrated operations, including manufacturing facilities, regional headquarters, and research and development (R&D) centers, to Thailand. These measures, tailored to invigorate the economy and foster a conducive business environment, underscore Thailand’s commitment to attracting and retaining investment while positioning itself as a hub for business expansion and innovation.

Eligibility Requirements

To qualify for the additional incentives, businesses must meet two fundamental criteria. Firstly, they must be planning to invest in a new manufacturing facility in Thailand or already have a BOI-promoted manufacturing facility in the country. Secondly, they must demonstrate a commitment to establishing a regional headquarters and/or an R&D center within Thailand. These eligibility criteria ensure that incentives are directed towards businesses genuinely committed to enhancing their presence and operations within the country.

Corporate Income Tax Exemption

One of the cornerstone incentives offered by the BOI is an extended corporate income tax exemption period. Businesses setting up regional headquarters can benefit from an additional three-year corporate income tax exemption period on income generated from manufacturing activities, up to a maximum of eight years. Similarly, businesses establishing both a regional headquarters and an R&D center may receive an additional five-year corporate income tax exemption period on manufacturing income, subject to the same maximum cap. These incentives significantly enhance the financial viability of establishing integrated operations within Thailand.

Non-Tax Benefits

In addition to tax incentives, eligible applicants may also receive non-tax benefits, including support services and facilitation measures designed to streamline the relocation process and optimize the business environment. These non-tax benefits complement the tax incentives, further enhancing the attractiveness of Thailand as a destination for business expansion.

Application Deadline

The deadline for submitting applications for these incentives is the last working day of 2024. This deadline underscores the urgency and timeliness of the BOI’s promotion measures, emphasizing the need for businesses to act promptly to capitalize on the benefits offered.


The Thailand BOI’s comprehensive relocation incentives represent a strategic initiative to position Thailand as a premier destination for businesses seeking to relocate their integrated operations. By offering a compelling mix of tax and non-tax incentives, the BOI aims to attract investment, stimulate economic growth, and foster innovation within Thailand’s business landscape. As businesses evaluate their expansion plans, these incentives present a compelling case for choosing Thailand as the next destination for their integrated operations.

In conclusion, the BOI’s announcement heralds a new era of opportunities for businesses looking to expand their footprint in Thailand, showcasing the country’s commitment to fostering a vibrant and competitive business environment.

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