BOI: Summary of incentives and promotions during the 2nd Quarter of 2020

Author: Yothin Intaraprasong, Chattong Sunthorn-opas (Co-author)

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Publisher: Nagashima Ohno & Tsunematsu

Journal / Book: NO&T Thailand Legal Update No.2 (June, 2020)

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*Please note that this newsletter is for informational purposes only and does not constitute legal advice. In addition, it is based on information as of its date of publication and does not reflect information after such date. In particular, please also note that preliminary reports in this newsletter may differ from current interpretations and practice depending on the nature of the report.

According to the resolution of the Board of Investment of Thailand (the “BOI”) committee No. 2/2563 (2020) dated 13 April 2020, the BOI approved multiple measures against the COVID-19 outbreak in order to mitigate the impact on business operators and boost the investment in medical device and medical supplies industries. In addition, a couple of measures were issued to encourage numerous investments ranging from the competitiveness of the grassroots economy to support of the use of technologies for modernization in agriculture sector initiated by local start-ups as well as research and development in a wide range of sectors.

For your easy reading, we categorize the highlighted BOI measures into three (3) main types, as follows:

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