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Investment Opportunities in Thailand - BOI

Investment Opportunities in ThailandMrs. HirunyaSuchinaiSecretary GeneralThailand Board of Investment12 September 2017 Thailand was ranked at 5thfor ease of doing businessamong East Asia & Pacific countries and 46thglobally in KongTaiwanMalaysiaMongoliaBrunei DarussalamVietnamChinaSource: World Bank 2017 Thailand Consistently Ranks High in International Surveys2 Source: BOI; Exchange rate (BOT, Mar 1 2017): 1 USD = THBF oreign Direct Investment in 2015 and 2016 by country816970116353194511,6411,3121,1649 2926625702004006008001000120014001600180 0 JapanASEANEUC hinaUSAS outh Korea20152016[In Million USD]3 Thailand a New Economic ModelHigh Speed Internet BroadbandThailand industries Thailand economy Agricultural sectorThailand industries Thailand Economic Modelpresent410 Targeted S-curve Industries AerospaceBiofuels and BiochemicalAgricultural and Biotechnolog

Additional incentives for investment in the development of Core Technologies in which Thailand has potential to enhance the country’s overall competitiveness and industries.

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Transcription of Investment Opportunities in Thailand - BOI

1 Investment Opportunities in ThailandMrs. HirunyaSuchinaiSecretary GeneralThailand Board of Investment12 September 2017 Thailand was ranked at 5thfor ease of doing businessamong East Asia & Pacific countries and 46thglobally in KongTaiwanMalaysiaMongoliaBrunei DarussalamVietnamChinaSource: World Bank 2017 Thailand Consistently Ranks High in International Surveys2 Source: BOI; Exchange rate (BOT, Mar 1 2017): 1 USD = THBF oreign Direct Investment in 2015 and 2016 by country816970116353194511,6411,3121,1649 2926625702004006008001000120014001600180 0 JapanASEANEUC hinaUSAS outh Korea20152016[In Million USD]

2 3 Thailand a New Economic ModelHigh Speed Internet BroadbandThailand industries Thailand economy Agricultural sectorThailand industries Thailand Economic Modelpresent410 Targeted S-curve Industries AerospaceBiofuels and BiochemicalAgricultural and BiotechnologyAutomation and RoboticsNext-Generation AutomotiveFood for The FutureDigital EconomyAffluent Medical and Wellness TourismSmart ElectronicsFirst S-Curve IndustriesNew S-Curve Industries5 Medical HubBOI s Investment Promotion Incentives6 Tax IncentivesFacilitation100% foreign ownershipPolicyExemption of import duties on machinery / raw or essential materials imported for use in production for export and for R&DCorporate income tax exemption up to 15 years50% CIT reduction within 10 yearsDeduction up to 70% of the invested capital on net profit derived within 10 years (ITA)

3 Land ownership rightsNo local content requirementsNo export requirementsNo restriction on foreign currency Work permit & visa facilitationCompetitive Enhancement Measures Up to 15 year Tax holiday for new technologies and high-impact Investment Matching grant for R&D, training, innovationSector-based Incentives Up to 8-yearTax holiday for targeted industries in accordance with the Seven-Year Investment Promotion Strategy (2015-2021)Technology-based Incentives Up to 13 year Tax holiday for core technologies or R&D projectsAdditional incentives for Investment in the development of core Technologiesin which Thailand has potential to enhance the country s overall competitiveness and industries.

4 Projects must be engaged in technology transfer by cooperating with educational/research institutionsas stipulated by the Board, Research Consortium1 CIT Exemption for 10years+ Merit (1-3 years)= Maximumof 13yearsTechnology-basedCompetitiveness Enhancement MeasuresBiotechnologyNanotechnologyAdvan ced Material TechnologyDigital TechnologyTargeted core TechnologiesEnabling and Training Centers(only in S&T)3. Electronics Design4. Engineering Design 5. Scientific Laboratories6. Calibration Services* For2-6, only projectsthat utilize advanced technology, as approved by the Board 7 Additional incentives will be granted depending on Investment /expenditure ratio (%) % of qualified investments/expenditures to combined revenue for the first three yearsAdditionalCIT exemption with additionalcap1%or>200 >400 years3%or>600 of eligible investments/expendituresAdditional Cap(% Investment capital /expenditure incurred)OriginalNew1.

5 R&D: In-house, outsourced in Thailand or joint R&D with overseas institutes200%300%2. Donations to technology and human resource development funds, educational institutes, specialized training centers, R&D institutes or governmental agencies in the S&T field100%100%3. IP acquisition/licensing fees for commercializing technology developed in Thailand100%200%4. Advanced technology training100%200%5. Development of local suppliers with at a least 51% Thai shareholding in advanced technology training and technical assistance100%200%6. Product & packaging design: In-house or outsourced in Thailand100%200%2 Important upgrades to Merit-based IncentivesTechnology-basedCompetitivenes s Enhancement Measures8 Eligible for duty exemptions on materials imported for R&D purposes and related testing for research and development activities, biotechnology activities (only with R&D), and testing related to R&D with the following guidelines: Materials imported for R&D purposes or related testing, prototype materials, chemicals, plants or animals, etc.

6 Eligible for a 1-year exemption period, which can be renewed Enhancement Measures9 Outline for Investment Promotion Measures in theEEC Investment promotions that emphasize projects that will enhance competitiveness in the EECsuch as: Targeted industries that utilize advanced technologies Infrastructure development Development of tourist destinations R&D andhigh-value services Projects eligible for CIT exemptionshall be given an additional 50% CIT reduction for 5 years Incentives will be granted in line with the Competitiveness Enhancement Act forStrategic Projects located in theEEC special zones including a maximum CIT exemption of 15 years + grants Incorporate supporting tools from various agenciesas well as eliminate barriers, rules and regulations in order to generate real.

7 High-value investments One Stop Serviceto facilitate Investment in the area1. Next-GenerationAutomotive2. Smart Electronics3. Affluent, Medical & Wellness Tourism4. Food for the Future 5. Automation and Robotics 6. Aviation 7. Biochemical, Petrochemicals & Eco-friendly Products8. Digital9. Medical Hub10. Enabling Services Development of Infrastructure and Logistics Development of Tourist Destinations Research and Development Technology Support ServicesTargeted Industries in theEEC(Chachoengsao, Chonburi, Rayong)10 Applications for Investment promotion in EEC since Jan 2015 -Jun 2017valued at $ 10,721million, 36% oftotal applicationvalueNote.

8 Exchange rate $1 = 35 Baht 1139%25%24%7%Next-Generation Automotive $ 2,974 millionSmart Electronics $ 1,945 millionBiochemical, Petrochemicals & Eco-friendly Products $ 1,834 millionFood for the Future $ 550 millionAffluent, Medical & Wellness Tourism $ 104 millionMedical Hub $ 94 millionAviation $ 70 millionEnabling Services $ 52 milionAutomation and Robotics $ 36 millionDigital $ 31 million10 Targeted Industries $ 7,658 million, % of total application value in EEC 5% % % %Robust Human Resource Development ProgramHRDP rogramTalent Mobility Program(TM)Provides collaborative research-matching services between the public and private Integrated Learning (WiL)Provides collaborative educational services between educational institutes and the private sector in the form of Public Private Partnerships (PPP).

9 Dual Vocational Training (DVT)Vocational educational institutes forming agreements with private firms, to create effective curriculums, training, testing, and evaluation for students to gain practical working experiences Co-operative Education(forgradate study, university and college) structured method of combining classroom-based education with practical work experience. provides academic credit for structured job experience. 12 Strategic Talent Center (STC)Qualifications/ Expertise RecognitionScience &Technology Expert SearchVisa and Work Permit FacilitationStrategic Talent Center (STC) was established to provides services in identifying available specialists or researchers in the fields of science and technology to support the private sector in conducting R&D and innovation activities.

10 13 BOI Support ServicesInvestment Matchmaking Program1-Stop for visas & work permits:work permits in 3 hoursSubcontracting Development Program by BUILD Unit Interaction with other govt. agencies on behalf of investors Country desksOverseas officesBOI Offers Manifold Support Services14 BangkokHEADQUARTERBEIJINGFRANKFURTGUANGZ HOULOS ANGELESMUMBAINEW YORKOSAKATOKYOPARISSEOULSHANGHAISTOCKHOL MSYDNEYTAIPEIBOI Overseas OfficesWhere to Contact BOI15 BOI Regional Offices in ThailandWhere to Contact BOIC hiang MaiSongklaNakornratchasimaPitsanulokChon buriKhonKaenSuratThani16 Think Asia Invest ThailandThank you