As part of efforts to grow Thailand’s biotechnology industry, the Board of Investment (BOI) is offering attractive incentives under activity 1.6.
Eligible biotechnology projects must apply target technology development processes in production or service within approved industries.
They must also engage in technology transfer with educational or research institutions, such as through a Technology Research Consortium.
Key incentives include:
10-year corporate income tax exemption (no cap on exempted amount)
Duty-free import of machinery, R&D materials, and raw materials for export
Land ownership rights for the promoted project
Relaxed rules for hiring foreign experts and bringing skilled workers into Thailand
These benefits are designed to drive innovation, foster collaboration with academia, and position Thailand as a biotech hub in the region.
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