ABOUT BOI Science and Technology Park
The Asian Institute of Technology (AIT), a leading international institution for higher education and research located in Thailand, has been granted a Science and Technology Park (STP) status by the Thailand Board of Investment (BOI), the main public agency promoting business investment in Thailand.
OFFERS
BOI Incentives
BOI offers tax incentives for companies involved in research and development. These incentives can help lower your overall tax burden, allowing you to reinvest more money into your business. There are also non-tax incentives available.
Office Space
Businesses that want to invest in Thailand can have their office space at AIT under BOI STP. The Business can use the AIT address as the registered address, one of the requirements for registering a company in Thailand.
Benefits
There are several benefits for companies having their office space in AIT. Aside from the tax incentives, having a close community inside AIT will make your stay in Thailand both enjoyable and peaceful.
AIT BOI STP INCENTIVES
| Business Category | Basic Privileges | Additional Privileges | Total Privileges |
|---|---|---|---|
General Targeted Technology Activities– Research and Development – BioTechnology – Engineering Design – Scientific Laboratories – Calibration Service – Vocational Training Center – Electronic Design | Exemption of Corporate Income Tax for 8 years, with no limits on the income tax exempted | Reduction of Corporate Income Tax by 50% for addtional 5 years | Exemption of Corporate Income Tax for 8 years, with no limits of investment amount and reduction of Corporate Income Tax by 50% for addtional 5 years |
Targeted Technology Development Activities– Targeted Core TechnologyDevelopment include *Biotechnology *Nanotechnology *Advanced Material Technology | Exemption of Corporate Income Tax for 10 years, with no limits on the income tax exempted | Exemption of Corporate Income Tax for additional 2 years, with no limits on the income tax exempted | Exemption of Corporate Income Tax for 12 years with no limits on the income tax exempted |
BENEFITS
- Access to Resources
You’ll have access to the resources and expertise of AIT. This includes access to human resources, research facilities, knowledge business support services, and networking opportunities with AIT Centers. - World-class Facility
AIT provides access to state-of-the-art equipment and facilities, giving you the tools you need to innovate and develop new products. - AIT Alumni Network
You’ll have access to the global alumni network. - And More …
As a part of the AIT community, companies in the park can have the same privileges as the community living inside the AIT campus.
PROCESS
Contact
- Contact the AIT BOI STP Office to start the process.
- Discuss what office space, resources, and facilities you need for your business.
Register
- You need to register your company in Thailand first before you can apply for BOI. It would be helpful to consult a lawyer to help you register your company.
- One of the requirements is to have a registered address. AIT can provide you with the documents you need.
Apply
- After registering your company in Thailand, you can now submit an application to BOI for review and approval.
- Submit an application via e-Investment.
DETAIL INFORMATION
Frequently Asked Questions (FAQs)
The Board of Investment (BOI) Thailand plays a crucial role in facilitating foreign investment in Thailand. As the number of foreign investors in the country grows, the BOI offers tailored solutions to simplify the process of establishing and operating businesses in Thailand. This dedicated agency provides vital support and incentives, making it easier for foreign companies to invest in and contribute to Thailand’s vibrant business landscape.
AIT is promoted as part of BOI Science and Technology Park, which means that companies that are located in AIT can apply for BOI promotion with added incentives.
BOI offers tax incentives and non-tax incentives for companies involved in research and development, helping investors lower their overall tax burden and reinvest more money into their businesses.
Yes, your company is eligible if it falls within one of the eligible business categories.
- If your company meets the minimum capital investment sum.
- If your company is duly registered under Thai law.
Target Core Technology Development Activities include:
- Biotechnology Development
- Nanotechnology Development
- Advanced Material Technology Development
Other Target Activities:
- Electronics Design
- Research and Development
- Biotechnology
- Engineering Design
- Scientific Laboratory
- Calibration Services
- Vocational Training Centers
A minimum capital investment of at least THB 1,000,000 is required to apply for BOI promotion.
AIT provides office space, allowing you to use the AIT address, which is required for registering a company in Thailand.
AIT can also connect the company to a professional Thailand company registration agency
- AIT has the status of a BOI-approved Science and Technology Park, which means that, in addition to the basic BOI incentives, companies located at AIT will receive extra benefits, including: Exemption of Corporate Income Tax for 12 years with no limits on the income tax exempted.
- In addition:
- Access to a closed community within AIT, which includes access to human resources (experts and professors), research facilities, and student interns.
- Access to the AIT alumni network, providing valuable connections and resources for your business.
