Investment Promotion - Promotion for software development, platforms for digital services or contents


Under Announcement Sor 4/2564 dated 16th September 2021 the Thai Board of Investment has changed promotions for IT related services.

The existing promotions under item 5.7 (Software), 5.8 (E-Commerce) and 5.9 (Digital Services) have been cancelled. Instead, the BOI has introduced a new promotion under item 5.10, titled Development of Software, Platforms for Digital Services or Digital Contents.


The requirements are as follows: 

  • An investment capital of not less than THB 1.5 million; the actual required capital will be calculated based on the necessary salary expenses of Thai IT personnel;
  • Software development process still be required;
  • Notably, wholesale and retail activities are not permitted.


The promotion grants interesting incentives such as

Non-tax incentives

  • Permission to operate the business 100 percent foreign-owned;
  • Eased procedure for obtaining visa and work permit for expatriates;
  • Limited permission to own land; 
  • Permission to take out or remit foreign currencies.



  • 8 years CIT exemption

- Only applicable to income derived from promoted services


- Maximum CIT amount is capped at:


- 100 % of salaries expenses of Thais working in IT whom have been employed after the filing of  

   the application;


- 200 % of the training expenses for developing skills of Thais employees and the course of such

   training relates to the development of technology information;

- 200 % of the human resources development under the collaborated project with the

   educational institutes as regulated by BOI e.g. Work-Integrated Learning (WiL) Project, or

   cooperation for development of Thais employees on technology information as approved by

   BOI. However, this incentive shall not be granted if a BOI applicant apply for incentives under

   the Investment Promotion Measure in EEC for human resources development;


- 100 % of expenses for obtaining the standard quality certification of ISO 29110 or CMMI (level 2

   or more) or other  universal standard;


  • Exemption on withholding tax paid to shareholders from tax exempted profits;
  • Exemption on import duties on raw materials used in production for export;
  • Exemption on import duties on raw materials used in R&D;
  • Exemption on import duties on machinery


General IT consulting services are not covered by the promotion. Overall, it seems that the development of software, platforms and digital content is the key criterion for approval. Adjusting software (for example integration) seems not to be sufficient. Thus, companies pursuing the promotion should have a development team in Thailand on the ground. General IT consulting services could be promoted under a Trade and Investment Support Office depending on the specific circumstances of the case.

 From The Newsletter


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Martin Chrometzka

Associate Partner

+66 2 0794 711

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