Land & Development · BOI Investment Incentives

BOI investment incentives for real estate & development in Thailand

The Board of Investment doesn't promote condo sales — but it promotes much of what surrounds real estate development: industrial estates, logistics and distribution centers, data centers, and the infrastructure that drives demand for all three. Here's what BOI promotion actually offers a development-adjacent project, including the land-ownership benefit most foreign investors have never heard of. General information only, never paid placement.

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By Kirby Scofield
Founder of BAANLYY · International real estate broker, investor & relocation specialist
Last updated 3 July 2026 · Last reviewed 3 July 2026

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The one-line version

BOI does not promote ordinary condo or housing development for sale, but it does promote industrial estates, logistics/distribution centers, data centers and science & technology parks — activities that shape real estate demand. Approved projects can get a corporate income tax holiday (roughly 3–8 years depending on activity and zone), import duty exemptions on machinery and materials, 100% foreign ownership, and — the benefit most relevant to real estate — the right under Section 27 of the Investment Promotion Act for even a wholly foreign-owned promoted company to own land reasonably necessary for its certified activity.

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What BOI actually promotes near real estate

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Corporate income tax (CIT) exemption

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Import duty exemptions

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100% foreign ownership

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Section 27 — the land-ownership benefit

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Zones, the EEC, and where incentives are strongest

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Frequently asked

Does BOI promote residential real estate development for sale?No. Ordinary condominium or housing development for sale to the public is not an activity the Board of Investment promotes — BOI promotion is built around export earnings, technology transfer, job creation and targeted industries, not domestic property sales. What BOI does promote, and what matters for real estate, is the infrastructure and industrial activity around development: industrial estate and zone development, logistics and distribution centers, data centers, science and technology parks, and utilities. A pure residential or retail condo project should not expect BOI promotion on its own merits.
Can a 100%-foreign-owned company own land in Thailand through BOI?Yes, within limits. Section 27 of the Investment Promotion Act allows the Board of Investment to grant a promoted company — including one that is wholly foreign-owned — the right to own land reasonably necessary for carrying out its promoted activity, bypassing the Land Code restriction that otherwise blocks majority-foreign companies from holding land. This is project-specific and BOI-approved case by case; the land amount is tied to the certified activity (factory footprint, warehouse, data center site, office building) rather than open-ended, and the right typically lapses if the company stops the promoted activity or the BOI certificate is revoked.
What tax incentives does a BOI-promoted project actually get?The core tax incentive is a corporate income tax (CIT) exemption, with the length depending on the activity's incentive tier — commonly ranging from 3 to 8 years, occasionally longer for merit-based or high-technology activities with an investment cap tied to eligible capital. Many promoted activities also carry import duty exemption on machinery and on raw or essential materials used in production for export. Activities that don't qualify for a CIT holiday can still receive non-tax benefits such as import duty relief and the foreign-ownership and land benefits below.
What non-tax BOI benefits matter for a development or industrial real estate project?The two most consequential non-tax benefits are permission for 100% foreign ownership of the promoted company (bypassing the Foreign Business Act's normal majority-Thai-ownership requirement) and the Section 27 land-ownership right described above. BOI promotion also brings work permit and visa facilitation for foreign experts and technicians through the One Start One Stop Investment Center, and streamlined processing for bringing in skilled foreign staff — relevant for any project needing foreign engineers, architects or specialists on-site during construction and operation.
How do BOI investment zones affect real estate and industrial incentives?BOI groups Thailand into investment zones with Zone 1 (Bangkok and its immediate surrounding provinces) generally receiving the least generous incentive package and Zone 3 (the 20 lowest-income provinces) receiving the most, including additional CIT-exemption years and, for some activities, 50% CIT reductions for extra years after the initial holiday. The Eastern Economic Corridor (EEC) — Chonburi, Rayong and Chachoengsao — carries its own enhanced incentive track for 12 targeted S-curve industries, which has been a major driver of industrial estate, logistics and data center development demand in that corridor.
Is BOI promotion relevant to data center and industrial park developers specifically?Yes — these are among the real estate-adjacent activities BOI actively promotes. Data centers and cloud services fall under BOI's digital economy promotion categories with meaningful CIT holidays given the sector's growth priority; industrial estate and industrial zone development is a long-standing promoted category tied to the Industrial Estate Authority of Thailand (IEAT) framework. Developers evaluating a data center or industrial park project should check current BOI activity lists (they are revised periodically) before assuming an incentive tier, since categories and cap amounts do change.
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General information only — not legal, tax or investment advice. BOI promoted-activity categories, incentive tiers, zone assignments and Section 27 land-ownership terms are set by the Board of Investment and the Investment Promotion Act, and are revised periodically; always confirm current eligibility and terms directly with the Board of Investment or a licensed Thai lawyer/BOI consultant before relying on them or committing capital. BAANLYY never takes paid placement.

Sources & References

Sources & References

Primary and official sources are cited above. Government rules, fees and procedures in Thailand change over time and vary by office; always confirm current requirements with the relevant authority before relying on them. BAANLYY never takes paid placement in editorial content.