EASTERN ECONOMIC CORRIDOR DEVELOPMENT (EEC)

The Board of Investment’s (BOI) invest promotion measure in the Eastern Economic Corridor (EEC) is especially designed to boost targeted investment activities in designated areas in three provinces: Chachoengsao, Chonburi and Rayong. Private sector is encouraged through this measure to involve in human resources development in the business.

The development of the EEC Area is one of the government’s policies to drive Thailand towards the new era of Thailand 4.0. Investments in targeted industries in the aforementioned areas are entitled to higher incentives.

Projects eligible for investment promotion incentives in the Eastern Economic Corridor must have the following three qualifications, as follows;

Projects in targeted industries
Cooperation with Institutions / Organizations
Projects Must Locate in Chachoengsao, Chonburi and Rayong

The Eastern Economic Corridor (EEC) Development Plan under scheme of Thailand 4.0 aiming to enhance the well-known Eastern Seaboard Development Program that had supported Thailand as a powerhouse for industrial production in Thailand for over 30 years.

Exemption from corporate income tax

Exemption of import duties on machinery

Matching Grants for Investment

Permission to own land

Rights to stateā€™s land

The lowest personal income tax rate (17%) in ASEAN

One-stop service centre

Five-year work visa

TARGETED INDUSTRIES

High Wealth and Medical Tourism Industries

Biofuel and Biochemical Industries

The Food Processing Industry

Comprehensive Healthcare Industry

The Advance Agriculture and Biotechnology

Aviation and Logistics Industry

The Intelligent Electronics Industry

The Robotics Industry

The Next-Generation Automotive Industry

Digital Industry