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ARTICLE · 20 APRIL 2010

Big Breaks for Thai SMEs

Mayer Brown
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The Thai Board of Investment (BOI) identifies seven new business activities operated by small and medium-sized enterprises (SMEs) as eligible for investment incentives.

ThailandCorporate/Commercial Law
Chitanong Poomipark
Chitanong Poomipark
Sirirasi Gobpradit
Sirirasi Gobpradit
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Originally published 20 April 2010

Keywords: Thai, SMEs, BOI, Board of Investment, investment incentives, Thai economy

The Thai Board of Investment (BOI) identifies seven new business activities operated by small and medium-sized enterprises (SMEs) as eligible for investment incentives. BOI hopes that these incentives will drive Thai SMEs to shape up to be able to compete in a more global level.

Thai SMEs

Thai SMEs plays a major role in Thailand's economy, earmarking a 37.8% contribution to the country's gross domestic product in 2009. To buttress the role of SMEs further, and to fortify them against stiffer competition after the passage of the ASEAN China Free Trade Agreement, the BOI issued Notification No. 1/2010 on 5 January 2010.

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