BOI Update – May 2018

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The Thailand Board of Investment (BOI) has approved investment incentive schemes for “Smart City,” an initiative that will employ advanced IT systems and innovations to improve quality of life.

Thailand launches new SMART Visa Program

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Thailand has launched a new visa program, called SMART Visa, to attract foreign experts and investors to work or invest in ten targeted industries. The program’s main attraction is a 4 year visa with no requirement to obtain a work permit.

17% flat tax rate for employees working in targeted industries in the Eastern Economic Corridor (EEC)

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17% flat tax rate for employees working in targeted industries in the Eastern Economic Corridor (EEC)hlbthailandQualifying employees who work for a company that conducts business in targeted industries located in the EEC i.e. the Chachoengsao, Chonburi, and Rayong Provinces located on Thailand’s Eastern seaboard, may now choose to pay personal income tax rate at a flat rate of 17%. The … Read More