Asian Institute of Technology (AIT), a premier international postgraduate institution specializing in engineering, environment, and management in Asia, has been granted the status of Science and Technology Park by the Thailand Board of Investment (BOI) to offer privileges for businesses situated on its vast campus which is aimed at promoting active collaboration between the industry and educational/ research institutions and providing an opportunity for entrepreneurs to strengthen capabilities in research and development. This remarkable status is designed to foster vibrant partnerships between academia and industry, driving collaborative progress like never before.
Key Benefits and Basic Privileges
TAX INCENTIVES
• Exemption of corporate income
tax for up to 13 years (according
to activities and conditions)
• 50% reduction in corporate
income tax for up to 5 years
• Exemption of import duties on
machinery and raw materials used in
production for export and raw
or essential materials used in
research
NON-TAX INCENTIVES
• Permission for foreign nationals to enter Thailand to study investment opportunities.
• Permission to bring in skilled workers/experts to work in Thailand.
• Permission to take out or remit money abroad in foreign currency.
• Permission for promoted projects to own land.
VISA AND WORK PERMIT
BOI offers visa and work permit facilitation for foreign specialists and researchers who work on investment-promoted projects.
BOI Approved Business/Activities
- Agricultural, Bio & Medical Industries
- Advanced Manufacturing Industries
- Basic and Supporting Industries
- Digital, Creative Industries and High Value Services
- Research and Development, Targeted Core Technology Development
