Technology and Innovation Development

This category pertains to activities involved in biotechnology, science and technology development, the creative industry and environmental preservation. With diverse applications across the medical, agricultural, aquatic, and industrial fields. As Thailand is one of the top food exporters in this world, the government actively promotes agricultural, biomedical, and environmental sectors within the Thailand aims to take steps forward in the sections of bio-based economy, bio-refineries and the green industry and set a clear direction in the private sector to push such innovation forward. 

Conditions

• Producers ensure that innovative technologies are used.
• Technology transfer with an educational or research institution
• Projects located in a science and technology park will have an addition 2-year corporate income tax exemption
• Additional merit-based incentives to be exempt from corporate income tax up to 13 years
• Import duty exemption on goods

This category pertains to activities involved in nanotechnological developments for agriculture, environment, health and consumer products. Applications for nanotechnology are mostly focused on surface areas, innovation in agricultural sector and the pharmaceutical industry. Thailand is a major exporter of food and food products, natural rubber, cassava and rice which all can make great use of nanotechnology

Conditions

• Producers ensure that innovative technologies are used
• Technology transfer with an educational or research institution
• Projects located in a science and technology park will have an addition 2-year corporate income tax exemption
• Additional merit-based incentives to be exempt from corporate income tax up to 13 years
• Import duty exemption on goods

This category pertains to activities involved material and engineering processes to increase the manufacturing process, extending the shelf life of products, agriculture or biomedical use cases. This category focuses on advanced materials including natural and synthetic materials with focus on bioplastics and biopolymers, porous-structured materials, nanomaterials or for agricultural applications.

Conditions

• Producers ensure that innovative technologies are used
• Technology transfer with an educational or research institution
• Projects located in a science and technology park will have an addition 2-year corporate income tax exemption
• Additional merit-based incentives to be exempt from corporate income tax up to 13 years
• Import duty exemption on goods

This category pertains to activities involved in digital innovation across multiple sectors including ecommerce, digital applications, communication infrastructure, digital capacity, digital government and encouraging better use of technology and knowledge transfer into Thailand. Thailand aims to take effective steps towards “Digital Thailand”, which was an initiative introduced by the government in April 2016, encouraging Thai people to make better use of technology.

Conditions

• Producers ensure that innovative technologies are used
• Technology transfer with an educational or research institution
• Projects located in a science and technology park will have an addition 2-year corporate income tax exemption
• Additional merit-based incentives to be exempt from corporate income tax up to 13 years
• Import duty exemption on goods