ManufacturingBronze report
Published April 2026Insight Research20 min read2026 Edition10 sources, 2 primary-gradeStandard source depth

BOI Investment Promotion 2025: Tier Structure and Eligibility

BOI 2024 approvals THB 1.14T (USD 33B), 10-year high, +35% YoY across 3,137 projects. 9M 2025 already THB 1.37T, exceeding full-year 2024 by 22%. Digital, electronics, and automotive lead the A1+ and A2 tier pipeline; May 2025 strategic package targets data centres, SMEs, tier-2 tourism.

Key takeaways

  1. 1

    BOI 2024 approvals hit a 10-year high: 3,137 projects (+ YoY) totalling T (; + YoY) per the BOI press release. FDI was of value at () across 2,050 projects.

  2. 2

    2025 has already passed full-year 2024: 2,622 projects (+ YoY count) at T (+ YoY value), already above 2024 full year per A&M coverage.

  3. 3

    Top 2025 industries by approved value: Digital (119 projects, data-centre-led), Electronics (382 projects, PCB and chip packaging), Automotive (229 projects, EV and components).

  4. 4

    Top 2024 FDI sources: Singapore / 305 projects ( of FDI value), China / 810 projects (highest count), Hong Kong / 177 projects.

  5. 5

    May 19 2025 strategic package added new conditions and benefits for data centres, SMEs in high-competition sectors, and tier-2 tourism provinces. September 2025 Finance Ministry / BOI revamp scrapped certain blanket tax incentives in favour of merit-based outcome-linked structures.

  6. 6

    Tier system: A1+ and A1 grant up to 8 years CIT exemption (some projects unlimited cap with merit-based add-ons); A2 up to 8 years; A3 up to 5; A4 up to 3; B is non-tax-incentive support. Targeted-industry list aligns to S-curve and BCG (bio-circular-green) framework.

Questions this report answers

How big is the BOI investment-promotion pipeline, and how fast is it scaling? 2024 hit a 10-year high at T (; + YoY) across 3,137 projects (+ YoY) per the BOI January 2025 press release. 2025 has already exceeded full-year 2024: 2,622 projects (+ count) at T (+ value), already above 2024 full year per A&M FDI-outlook coverage. The pipeline is structurally accelerating, not normalising.[, ]

What's the tier and eligibility structure? Per the BOI 2025 Investment Promotion Guide, activity tiers run A1+ (highest, up to 8 years CIT exemption with no cap on certain promoted activities), A1 (up to 8 years CIT, capped to of investment), A2 (up to 8 years), A3 (up to 5), A4 (up to 3), B (non-tax-incentive support: import-duty waiver on machinery, work-permit facilitation). Merit-based add-ons (R&D, technology localisation, SME upgrade, IP development) extend tax holidays. Targeted-industry list aligns to S-curve and BCG (bio-circular-green) framework.[, ]

Which industries are leading 2025 approvals, and where's the FDI coming from? 2025 industry mix: Digital (119 projects, data-centre-led), Electronics (382 projects, PCB and semiconductor packaging), Automotive (229 projects, EV and component) per A&M. 2024 FDI source ranking: Singapore / 305 projects ( of FDI value, digital-services-and-electronics-focused), China / 810 projects (highest count, EV and electronics relocation), Hong Kong / 177 projects per BOI press release.[, ]

What changed in 2025 policy? May 19 2025 strategic package added new conditions and benefits for data-centre investment, SME promotion in high-competition sectors, and tier-2 tourism province incentives per A&M and HLB Thailand. September 2025 Finance Ministry / BOI revamp scrapped certain blanket tax incentives in favour of merit-based and outcome-linked structures per Nation Thailand. AIM Bangkok identified five trade-war response measures: supply-chain resilience, technology localisation, SME upgrade, R&D and IP, and EV component-shoring. The EV 3.5 package (per Lex Nova) tightens the production-obligation ratio to 1:2 by Dec 2026 and 1:3 by Dec 2027.[, , , , ]

BOI press release, Alvarez & Marsal, BOI 2025 Guide, Themis Partner, HLB Thailand, Nation Thailand, AIM Bangkok, Lex Nova
Data as of: 2024-2025

Executive summary

The BOI investment-promotion pipeline is structurally accelerating. 2024 reached a 10-year high at T () across 3,137 projects (+ YoY count, + YoY value). 2025 has already exceeded full-year 2024 by in value, reaching T across 2,622 projects (+ YoY value, + YoY count) per A&M. This is not a normalising pipeline β€” it is a step-change in the BOI's role as Thailand's primary FDI-attraction lever, driven by data-centre and AI infrastructure relocation, EV component-shoring, and US-China tariff-diversion FDI from Singapore and China.[, ]

Industry concentration: Digital is the dominant 2025 lead at ( of 2025 approval value) anchored by hyperscaler and data-centre projects; Electronics is anchored by PCB, semiconductor packaging, and cell battery; Automotive is anchored by EV and components. Country-source 2024 picture: Singapore ( of FDI value, 305 projects) leads on digital services and electronics; China is second at but leads on project count (810); Hong Kong third at . The Singapore-China-Hong Kong trio together represents ~ of 2024 FDI applications by value.[, ]

Policy direction is shifting from blanket-incentive to merit-based-and-outcome-linked. May 19 2025 strategic package added data-centre, SME, and tier-2 tourism conditions; the September 2025 Finance Ministry / BOI revamp scrapped certain blanket tax exemptions per Nation Thailand. AIM Bangkok identified five trade-war response measures: supply-chain resilience, technology localisation, SME upgrade, R&D and IP, and EV component-shoring. The OECD Pillar 2 minimum-tax dynamic and the September 2025 revamp together constrain effective tax rate downside; expect rising emphasis on merit-based add-ons rather than headline CIT-holiday extension.[, , , ]

BOI press release, Alvarez & Marsal, HLB Thailand, Nation Thailand, AIM Bangkok
Data as of: 2024-2025

BOI approval trajectory and 2025 industry mix

2023 full year (THB)

Value

~ $24.6B

Notes

+43% YoY value per BOI 2024 press release context; baseline pre-acceleration year.

2024 full year approvals

Value

$33B

Notes

USD ~33B; +35% YoY value; +40% YoY count; 10-year high. 3,137 projects.

2024 FDI value

Value

$24.1B

Notes

USD 24.1B; 73% of total approval value; 2,050 projects.

9M 2025 approvals

Value

$39.7B

Notes

+94% YoY value; +23% YoY count; 2,622 projects; already 22% above full-year 2024.

9M 2025 Digital industry

Value

$17.8B

Notes

119 projects; data-centre-led; #1 industry by value.

9M 2025 Electronics

Value

$5.34B

Notes

382 projects; PCB, semiconductor packaging, cell battery.

9M 2025 Automotive

Value

$2.06B

Notes

229 projects; EV, hybrid, electric powertrain, components.

Top 2024 FDI source: Singapore

Value

$10.4B

Notes

305 projects, 43% of FDI applications; digital services and electronics.

Top tier CIT exemption

Value

Up to 8 years

Notes

A1+ and A1 tiers; merit-based add-ons can extend or uncap value cap.

BOI press release, Alvarez & Marsal, BOI 2025 Guide
Data as of: 2023-2025

Analyst framing

Why this report matters

BOI is now Thailand's primary FDI lever in a structural-acceleration phase: 2024 hit a 10-year high ($33B / USD 33B), 9M 2025 has already exceeded full-year 2024 by 22% ($39.7B). Digital, Electronics, and Automotive lead the A1+ and A2 tier pipeline. Singapore (43%), China, and Hong Kong dominate FDI sources. The May 2025 strategic package and September 2025 revamp are pivoting policy from blanket to merit-based incentives. Watch the per-quarter approval cadence and the OECD Pillar 2 minimum-tax interplay as the 2026-2027 structural variables.

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Tier-by-tier eligibility playbook, FDI-source matrix, May 2025 strategic-package detail, September 2025 revamp scope, scenarios to 2027, recommended actions for foreign investors, BOI consultants, and Thai operators.
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Thailand BOI Investment Promotion 2025: Tier Structure and Eligibility Β· Insight