New incentives for the tourism industry in secondary cities and provinces

On 5 June 2025, the Thai Board of Investment announced new incentives aimed at boosting tourism in the provinces and less popular cities (BOI Announcement No. Sor. 6/2568). While Thailand welcomes a lot of international tourists (about 35.5 million in 2024) and has a healthy domestic tourism industry, most of these tourists visit the same cities and provinces, leading to an uneven distribution of tourism revenue across the country and problems of overcrowding.

Therefore, the Ministry of Tourism and Sports has identified 55 provinces which receive fewer than four million tourists per year, and the new incentives offered by the Thai Board of Investment only apply to projects located in one of these provinces.

Projects potentially being of interest to foreign companies could be:

Amusement Parks (A2 incentive, i.e. up to 8 years of Corporate Income Tax exemption plus various other tax and non-tax incentives),
Convention Halls (A2 incentive),
Exhibition Centers (A2 incentive) and
Hotels (A3 incentive, i.e. up to 5 years of Corporate Income Tax exemption plus various other tax and non-tax incentives).

In general, a promotion by the Thai Board of Investment is the best way to invest in Thailand.

Depending on the type of promotion (B2 being the lowest and A1 being the highest level), non-tax incentives such as 100 % foreign-ownership, enhanced investment protection, and eased requirements for obtaining visas and work permits for foreign experts, as well as tax incentives such as tax reductions and exemptions for significant periods of time, are granted.

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New incentives for the tourism industry in secondary cities and provinces

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