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Thailand: New Incentives for Investor Retention, Relocation, High-Tech, and Green Industries

Thailand has introduced new incentives aimed at supporting high-tech industries, and tax exemptions for companies relocating to the country, among others.

Thailand BOI Announces New Incentives for Investor Retention, Relocation, Hydrogen Vehicles

In a follow up to its new five-year strategy released in October, the Thailand Board of Investment (BOI) announced on 4 November 2022 new incentive packages including, for the first time, a set of special privileges to support expansion by longstanding investors, a comprehensive relocation program covering headquarters as well as research and manufacturing facilities, and a first package for investment in sustainable activities such as the manufacture of hydrogen vehicles and the setup of electric vehicle (EV) battery swapping stations.

Thailand BOI Announces New Incentives for Investor Retention, Relocation, Hydrogen Vehicles

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