Reference
·Primary source
BOI IBC project approvals (2020-2024)
~510 cumulative
BOI International Business Centre (IBC) project approvals total roughly 510 cumulative through end-2024 per BOI Annual Investment Reports, with annual flow rising from ~55 approvals in 2020 (COVID year low) to ~140 in 2024. The IBC regime, which replaced the earlier IHQ (International Headquarters) and ITC (International Trading Centre) in 2018, anchors Thailand's tax-incentivised regional-HQ and shared-services positioning: 8% reduced corporate income tax on qualifying services revenue, exemption on dividends from overseas affiliates, and personal income tax cap of 15% for senior expatriate staff. Minimum requirements: THB 10M paid-up capital, 10 skilled employees, qualifying inter-company services to 1+ overseas group entity.
Figure in context
BOI International Business Centre (IBC) project approvals total roughly 510 cumulative through end-2024 per BOI Annual Investment Reports, with annual flow rising from ~55 approvals in 2020 (COVID year low) to ~140 in 2024. The IBC regime, which replaced the earlier IHQ (International Headquarters) and ITC (International Trading Centre) in 2018, anchors Thailand's tax-incentivised regional-HQ and shared-services positioning: 8% reduced corporate income tax on qualifying services revenue, exemption on dividends from overseas affiliates, and personal income tax cap of 15% for senior expatriate staff. Minimum requirements: THB 10M paid-up capital, 10 skilled employees, qualifying inter-company services to 1+ overseas group entity.
Interpretation notes
What this tells you
BOI International Business Centre (IBC) project approvals total roughly 510 cumulative through end-2024 per BOI Annual Investment Reports, with annual flow rising from ~55 approvals in 2020 (COVID year low) to ~140 in 2024. The IBC regime, which replaced the earlier IHQ (International Headquarters) and ITC (International Trading Centre) in 2018, anchors Thailand's tax-incentivised regional-HQ and shared-services positioning: 8% reduced corporate income tax on qualifying services revenue, exemption on dividends from overseas affiliates, and personal income tax cap of 15% for senior expatriate staff. Minimum requirements: THB 10M paid-up capital, 10 skilled employees, qualifying inter-company services to 1+ overseas group entity.
What not to do with it
Annual IBC project approval count per BOI Annual Investment Reports. The 2018-2019 transition years saw conversion of existing IHQ/ITC tenants into the new IBC regime which inflated early-period stock counts.
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Report context
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