Investment Promotion Measure in the Economic Corridor

In order to promote investment in the targeted industry clusters in the Economic Corridor and to encourage the private sector to take part in human resource development including research and development of technology and innovation. Interested parties may apply for investment promotion under this measure with the following information:

Criteria and Conditions

1. Projects must be located in Economic Corridor specified as follow:

The Northern Economic Corridor (NEC- Creative LANNA) covers Chiang Mai, Chiang Rai, Lamphun, and Lampang

The Northeastern Economic Corridor (NeECBioeconomy) covers Nakhon Ratchasima, Khon Kaen, Udon Thani, and Nong Khai

The Central- Western Economic Corridor ( CWEC) covers Ayutthaya, Nakhon Pathom, Suphan Buri, and Kanchanaburi

The Southern Economic Corridor (SEC) covers Chumphon, Ranong, Surat Thani, and Nakhon Si Thammarat

2. Targeted activities in the targeted industry clusters for the Economic Corridor consist of activities in Group

A1+ , A1, A2, A3, and A4: NEC

Economic Corridor Provinces

Targeted Industries

• Agriculture and food

Northern

NeEC

Chiang Mai, Chiang Rai, Lamphun, and Lampang

Cwec Sec

Northeastern CentralWestern Southern

Nakhon Ratchasima, Khon Kaen, Udon Thani, and Nong Khai

• Digital

• Creative Industries

• Tourism and Wellness Tourism

• Agriculture and food

• Bio Industries

Ayutthaya, Nakhon Pathom, Suphan Buri, and Kanchanaburi

Chumphon, Ranong, Surat Thani, and Nakhon Si Thammarat

• Agriculture and food

• Electrical and Electronics

• Agriculture and food

• Bio Industries

• Tourism and Wellness Tourism

Please check the list of activities eligible for Investment promotion and more detail.

1. Projects operating in compliance with criteria for human resource development, research and technology, and location are eligible for additional corporate income tax benefits.

2. Projects located in Science and Technology Zones or industrial estates/zones can choose to receive one of the additional corporate income tax privileges.

3. Projects receiving corporate income tax exemption over 8 years in total are not eligible for additional corporate income tax incentives under Section 35 (1).

4. Projects in group A1+ are eligible for up to 13 years of corporate income tax exemption benefits in total, while projects in groups A1-A4 are eligible for up to 8 years of corporate income tax exemption benefits in total.

5. A corporate income tax reduction benefit will be granted for a maximum of 5 years.

Human Resource Development Criteria:

The project must collaborate with educational institutes in the specified formats such as Work-Integrated Learning (WiL), cooperative education, and dual vocational training program, or collaboration in developing Thai personnel in science and technology as approved by the Board. A collaboration plan of the student or university-student admission to vocational training must be submitted, presenting the number of students or university students of not fewer than 10% of the total number of employees in the project applying for investment promotion or not fewer than 40 persons, whichever is lower.

Research and Development of Technology and Innovation Criteria:

Research and Development of Technology and Innovation Criteria:

The project must have investments in or expenditures on research and development in technology and innovation either on its own, employing others domestically, or collaborating with foreign institutions. The total investments or expenditures must account for at least 1% of the total sales in the first 3 years or at least 200 million baht, whichever is less.

However, the number of students or university students admitted or vocational training or investment in or expenditures on research and development must not be used to apply for duplicating incentives under other measures.

In case of projects located in the areas

1. In case projects are located in areas as Science and Technology Parks, which are promoted or approved by the Board of Investment, incentives shall be granted according to the Investment Promotion Measure in areas as Science and Technology.

Check Science and Technology Parks, which are promoted or approved by the Board of Investment. Please see

2. In case projects are located in the industrial estate or promoted industrial zone in the Economic Corridor, additional incentives shall be granted for industrial area development.

Related Announcement

- Announcement of the Board of Investment No.18/2565: Investment Promotion Measure in the Economic Corridor date December 8, 2022.

- Announcement of the Board of Investment No.22/2565: Investment Promotion Measure in Areas as Science and Technology Parks date December 8, 2022.