Thailand BOI Announces New Incentives for Investor Retention, Relocation, Hydrogen Vehicles
In a follow up to its new five-year strategy released in October, the Thailand Board of Investment (BOI) announced on 4 November 2022 new incentive packages including, for the first time, a set of special privileges to support expansion by longstanding investors, a comprehensive relocation program covering headquarters as well as research and manufacturing facilities, and a first package for investment in sustainable activities such as the manufacture of hydrogen vehicles and the setup of electric vehicle (EV) battery swapping stations.