BOI’s Investment Promotion Measure in the EEC

EEC

2Cooperation with Institutions/Organizations e.g. Center of Excellence

EECZONING

Projects in Targeted Industries BOI’s Announcement No.6/25611

3Projects Must Locate in Chachoengsao, Chonburi and Rayong and must locate in the following designated areas:

- Investment Promotion Zones for Targeted Activities

- Investment Promotion Areas for Targeted Industries

- BOI-promoted Industrial Estates or Zones

THAILAND

Myanmar

China

Laos

Vietnam

Cambodia

Malaysia

EEC Chachoengsao

Rayong

Chonburi

Projects Eligiblefor investment promotion incentives in the EEC

Projects eligible for investment promotion incentives in the Eastern Economic Corridor must have the following three qualifications, as follows:

Project application must be submitted

before December 30, 2019

BOI’s Investment Promotion Measure in the EEC

The Board of Investment’s (BOI) investment promotion measure in the Eastern Economic Corridor (EEC) is especially designed to boost targeted investment activities in designated areas in three provinces: Chachoengsao, Chonburi and Rayong. Private sector is encouraged through this measure to involve in human resources development in the businesses.

The development of the EEC Area is one of the government’s policies to drive Thailand towards the new era of Thailand 4.0. Investments in targeted industries in the aforementioned areas are entitled to higher incentives.

EN092018

Thailand Board of Investment

www.boi.go.th

Thailand Board of Investment555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok, Thailand 10900Tel: +66 (0) 2553 8111Fax: +66 (0) 2553 8315Email: head@boi.go.thWebsite: www.boi.go.th

Think Asia, Invest Thailand

3. Other Industrial Estates & Industrial Parks in the EECBOI-promoted industrial estates or zones in Chachoengsao, Chonburi and Rayong consist of the following 19 areas:

1. 304 Industrial Park (2nd Phase)2. Gateway Industrial Estate3. Wellgrow Industrial Estate4. Ban Bung Industrial Estate5. Laem Chabang Industrial Estate6. Sahaphat Industrial Estate (Sriracha)7. Asia Industrial Estate8. J.K. Land Industrial Park 9. IRPC Eco Industrial Zone (4th Phase)10. Rubber City Industrial Estate11. Maptaphud Industrial Estate12. Pha Daeng Industrial Estate13. Rayong Industrial Estate (Bankai)14. R.I.L Industrial Estate15. Rojana Industrial Park (Bankai)16. Rojana Industrial Park (Pluagdang)17. Siam Eastern Industrial Park18. SSP Industrial Park (Rayong)19. WHA Rayong Industrial Land

Investment projects applying for incentives under this scheme must establish a close cooperation with educational and research institutions, Center of Excellence etc. The types of cooperation must be approved by the BOI e.g. cooperation in the area of Talent Mobility, Work-integrated Learning (WiL), Dual Vocational Training (DVT), Cooperative Education, special vocational education projects in the EEC or other types of cooperation to develop human resources or technology.

Cooperation plans for Dual Vocational Training, Cooperative Education, Work integrated Learning or other similar types of cooperation must be submitted. The plans must describe vocational training plans and numbers of students according to the criteria.

The existing requirements for human resources development in certain projects, such as Innovation Incubation Center, are not considered as a fulfillment of the conditions set under the EEC measure.

EECZONING

Eastern Economic Corridor (EEC)Consist of 3 designated areas as follows:

Projects in Targeted Industries The targeted industries which will drive the Thai economy towards sustainability consist of:

Cooperation with institutions/organizations

EECa

Eastern Airport City or EECa

Eastern Economic Corridor of Innovation or EECi

Digital Park Thailand or EECd

EECi

EECd

1. Promoted Zones for Specific IndustriesCurrently there are 3 designated areas as follows:

2. Promoted Zones for targeted industries Designated by the Eastern Economic Corridor Policy Committee. Currently there are 21 designated areas as follows:

1. Hemaraj Chonburi Industrial Estate2. Hemaraj Chonburi Industrial Estate 23. Hemaraj Eastern Seaboard

Industrial Estate4. Hemaraj Eastern Seaboard

Industrial Estate 2 (Chonburi)5. Hemaraj Eastern Seaboard

Industrial Estate 3 (Chonburi)6. Eastern Seaboard Industrial Estate

(Rayong)7. Hemaraj Eastern Industrial Estate

(Map Ta Phut) 8. Hemaraj Rayong Industrial Estate 36

(Rayong)9. Amata City Industrial Estate10. Amata Nakorn Industrial Estate11. Amata Nakorn Industrial Estate

(2nd Phase)

12. Pin Thong Industrial Estate (Laem Chabang) Chonburi

13. Pin Thong Industrial Estate (3rd Phase) Chonburi

14. Pin Thong Industrial Estate (4th Phase) Chonburi

15. Pin Thong Industrial Estate (5th Phase) Chonburi

16. Pin Thong Industrial Estate17. Yamato Industries Industrial Estate

Chonburi18. TFD Industrial Estate 2

Chachoengsao19. C.P. Industrial Estate Rayong20. Smart Park Industrial Estate21. Hemaraj Eastern Seaboard

Industrial Estate 4

Incentives

Zones in the EEC IncentivesFor targeted activities in designated locations For eligible activities in the EEC

Section 8 A1 A2 A3 Section 8 A1 - A3

1. Promoted Zones for Specific Industries (EECa, EECd, and EECi)

Corporate income tax exemption 10 + 3 Years (no cap)

8 + 4 Years (no cap) 8 + 4 Years 5 + 2 Years 10 + 1 Years

(no cap)Regular exemption

(5 to 8 years)

50% corporate income tax reduction - - - 5 Years - 3 Years

2. Promoted Zones for targeted industries

Corporate income tax exemption 10 + 2 Years (no cap)

8 Years (no cap) 8 Years 5 Years 10 + 1 Years

(no cap)Regular exemption

(5 to 8 years)

50% corporate income tax reduction 5 Years 5 Years 5 Years - 3 Years

3. Other Industrial Estates & Industrial Parks in the EEC

IncentivesFor eligible activities in the EEC

Section 8 A1 A2 A3

Corporate income tax exemption 10 + 1 Years (no cap)

8 Years (no cap) 8 Years 5 Years

50% corporate income tax reduction - 3 Years 3 Years 3 Years

Remark: The projects, promoted under EEC measure in the EEC are not entitled to apply for merit on industrial area development (According to announcement no.2/2557 dated December 3, 2557)

Motorway

High Speed Train

Promoted Zones for targeted industries

EECa

EECd

EECi

Bangkok

Samutprakarn

Chachoengsao

Chonburi

Rayong

Double Track Railway

New City

New City

New City

SattahipPort

Mab Ta PhutPort

Laem ChabangPort

U-tapaoAIrport

SuvarnabhumiAirport

DonmuangAirport

1

1

2

3

4

5

6

7

8

9

10

15

16

17

18 13

1112

14

19

6

3

5

21

17

Other Industrial Estates & Industrial Parks in the EEC

19

8

20

7

1314

16 12

1011

18

24

15

9

Smart Electronics

Aviation &Logistics

Biofuels &Biochemicals

Next-GenerationAutomotive TARGETED

INDUSTRIES

Automation &Robotics

Food for the Future

Medical Hub

Digital

Agriculture &Biotechnology

List of eligible activities in the EEC