【Maximize Your Investment with BOI Incentives】

✨Invest Smarter in Automation — Reduce Investment Costs with BOI Incentives ✨

This week, we would like to introduce the BOI (Thailand Board of Investment) incentive program for manufacturers in Thailand planning to invest in automation, smart manufacturing, and production process improvements.

The BOI provides incentives for projects that focus on productivity improvement, process optimization, automation, and smart technology adoption. One of the key benefits is corporate income tax exemption.

■ Benefits of BOI Incentives

Investment in machinery and equipment aimed at improving productivity and upgrading production processes may qualify for a corporate income tax exemption of up to 50% or 100% of the investment value, depending on the conditions and criteria of each project.

The tax exemption can generally be utilized for up to 3 years.

For example, if a company invests THB 6 million in machinery and automation equipment and qualifies for a 50% incentive, up to THB 3 million of the investment may be used as the basis for the corporate income tax exemption within the applicable period.

■ Basic Requirements

Projects aimed at improving productivity or upgrading existing production processes may qualify for BOI incentives, subject to the applicable requirements.

Key conditions include:

Minimum investment of THB 1 million
The company must meet the relevant BOI eligibility requirements and have BOI promotion status as applicable
Investment in automation systems or machinery that improves production efficiency
Investment related to production process improvement or productivity enhancement

■ From Application to Receiving the Incentive

Prepare and submit the application
Receive the BOI application receipt number (approximately 1–2 months after submission)
Proceed with machinery procurement
BOI interview and project review
BOI evaluation and approval (approximately 4–6 months after receiving the application receipt number)
Certificate issuance (approximately 1 month after approval)
Begin utilizing the incentive according to the approved conditions, for up to 36 months

Important Point to Note

Investments made before receiving the BOI application receipt number may not be eligible to be included as qualifying investment under the incentive.

Therefore, companies planning to invest in machinery or automation systems should consider completing the BOI application process before placing orders or making payments, in order to avoid losing potential benefits.

At the early stage of the project, companies should also consider whether to manage the BOI application internally or engage a professional BOI consultant.

■ BOI Application Support Costs

Companies may choose to work with professional BOI consultants to assist with application preparation and submission.

The estimated service fee is generally THB 250,000 or 5% of the investment value, whichever is higher.

■ Key Points at a Glance

Program: Smart & Sustainable Industry measures for improving existing businesses
Main benefit: Corporate income tax exemption of up to 50% of the investment value for 3 years
Eligible areas: Automation, robotics, DX, AI, energy efficiency, environmental impact reduction, and other related improvements
Important: The BOI application receipt number should be obtained before placing orders or making payments in order to preserve eligibility, subject to BOI conditions

For manufacturers planning to invest in automation, robotics, automated inspection systems, or production process improvements, BOI incentives may significantly reduce the overall investment burden and improve the return on investment.

If you are interested, please feel free to contact us. We can also introduce professional BOI consultants who can support you with the application process.

We wish you a wonderful week ahead.

For inquiries, please contact:

FORTUNE CROSS (THAILAND) CO., LTD. / NANO SEIMITSU CO., LTD.
Mobile: +66 (0)61-572-1700
Contact: Yada