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Investment Promotion Act
พระราชบัญญัติส่งเสริมการลงทุน · IPA · B.E. 2520 (1977)
Overview
The Investment Promotion Act B.E. 2520 (1977) authorises the Board of Investment (BOI) to grant promotional benefits to qualifying investments. Benefits include corporate income tax holidays, import-duty exemptions, foreign ownership and land-ownership allowances, and streamlined work permits. The Act is the principal vehicle for FDI in BOI-targeted activities and SEZ initiatives.
- Promulgating authority
- Parliament
- พระราชบัญญัติ
- Enacted
- B.E. 2520 (1977)
- Official text
- https://www.krisdika.go.th/
Key Sections4
The 4 sections most frequently cited in practice or relevant to foreigners. Click any section for a deep-linkable page suitable for sharing.
Section 16
— Promotion criteriaBOI assesses applications against economic, social, and technological benefit criteria.
Section 27
— Land ownershipPromoted entities may own land for their promoted activity, an exception to Land Code §86.
Section 31
— Corporate income tax holidayUp to 8 years CIT exemption depending on activity category; possible 50% reduction post-holiday.
Section 36
— Foreign work permitSimplified work-permit procedures and quotas for promoted entities.
Amendments
Amended by Investment Promotion Act (No. 4) B.E. 2560 (2017) which adjusted activity lists for the Thailand 4.0 / S-Curve framework.
The summaries on this page are plain-English educational paraphrases — not authoritative translations. For the binding wording you must consult the Royal Gazette publication or the consolidated text at the Office of the Council of State. Educational use only — not a substitute for advice from a Thai-qualified lawyer.
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