BoI Med-Tech Promotion 2024-2027
BoI Med-Tech Promotion 2024-2027 is the Board of Investment of Thailand-administered targeted investment-promotion programme for medical-technology investments. Provides tier-A tax holidays, customs-duty exemptions, and Smart Visa privileges for medical-devices manufacturing, biopharma R&D, smart-hospital technology, and digital-health platform investments. Aligns with Thailand's structural medical-tourism export base and the EEC bio-economy industrial-cluster strategy.
Profile overview
BoI Med-Tech Promotion 2024-2027 is the Board of Investment of Thailand-administered targeted investment-promotion programme for medical-technology investments. Provides tier-A tax holidays, customs-duty exemptions, and Smart Visa privileges for medical-devices manufacturing, biopharma R&D, smart-hospital technology, and digital-health platform investments. Aligns with Thailand's structural medical-tourism export base and the EEC bio-economy industrial-cluster strategy.
Business segments / Programs
Medical Devices Manufacturing
Tier-A tax holidays for device makers
BoI's Activity 4.2.1 covers medical-device manufacturing with 8-year CIT exemption, no machinery import duty, and raw-material duty exemptions. Over 60 medical-device FDI projects approved under 2022-2024 cycles.
Biopharma R&D
Smart Visa privileges for biopharma
Biopharma R&D facilities in EEC Bio-Economy zones qualify for 10-year CIT exemption and Smart Visa for eligible foreign researchers. Thailand hosted $121.7M in biopharma FDI approvals in 2023.
Digital Health
Smart-hospital and health-tech platforms
Digital-health platforms with AI diagnostics, telemedicine, or hospital information systems qualify for 5-year CIT exemption under BoI Activity 7.29. Over 25 digital-health projects approved in 2023-2024.
Sector position — BoI med-tech promotion vs comparable programmes
BoI Med-Tech 2024-2027
Key activity
Medical devices, biopharma, digital health
CIT exemption
5-10 years
FDI approvals 2023
BoI Semiconductor (EEC)
Key activity
IC packaging, PCB manufacturing
CIT exemption
8-10 years
FDI approvals 2023
$637.7M+
BoI BCG (Bio-Circular-Green)
Key activity
Biorefinery, bioplastics, biofuels
CIT exemption
8 years
FDI approvals 2023
$139.1M+
Malaysia BioNexus
Key activity
Biopharma, biotechnology, agritech
CIT exemption
5-15 years
FDI approvals 2023
MYR 3.2B
| Programme | Key activity | CIT exemption | FDI approvals 2023 |
|---|---|---|---|
| BoI Med-Tech 2024-2027 | Medical devices, biopharma, digital health | 5-10 years | $188.4M+ |
| BoI Semiconductor (EEC) | IC packaging, PCB manufacturing | 8-10 years | $637.7M+ |
| BoI BCG (Bio-Circular-Green) | Biorefinery, bioplastics, biofuels | 8 years | $139.1M+ |
| Malaysia BioNexus | Biopharma, biotechnology, agritech | 5-15 years | MYR 3.2B |
Watchpoints 2025-2026
Policy
EEC bio-economy cluster buildout
EEC Bio-Economy Industrial Estate in Chachoengsao is targeting 30 anchor tenants by 2026. BoI med-tech privileges are integrated with EEC zone incentives, creating stacked benefits for qualifying investors.
Competition
Singapore and Malaysia competing for biopharma FDI
Singapore's EDB and Malaysia's MIDA are both aggressively targeting Southeast Asian biopharma FDI. Thailand needs to accelerate regulatory streamlining to remain competitive on time-to-operate.
Opportunity
Medical tourism export synergies
Thailand's 3.5M medical-tourism visitors annually create a natural demand-side anchor for locally manufactured devices. BoI is developing a local-sourcing incentive for hospitals using Thai-made devices.
Related Market profiles
Peers, parents, partners, agencies, and other Investment Promotion actors.
Competitor
Board of Investment of Thailand (BOI)
Thailand's investment-promotion agency; runs sector-tier incentive scheme, EEC anchor, FDI-attraction strategy.
Open Market profile →
Competitor
BoI Semiconductor / OSAT Packaging Programme
BoI's targeted investment-promotion programme for semiconductor packaging / OSAT capacity in Thailand; tier-A incentives.
Open Market profile →
Reports featuring this profile
Related Market profiles
competitor
Board of Investment of Thailand (BOI)
Thailand's investment-promotion agency; runs sector-tier incentive scheme, EEC anchor, FDI-attraction strategy.
competitor
BoI Semiconductor / OSAT Packaging Programme
BoI's targeted investment-promotion programme for semiconductor packaging / OSAT capacity in Thailand; tier-A incentives.