EEC Promoted Companies
Eastern Economic Corridor Promoted Companies
Learn More about Eastern Economic Corridor (EEC) companies and how they drive innovation in Thailand’s eastern provinces of Chonburi, Chachoengsao and Rayong,, offering tax benefits and foreign ownership for high-tech industries.
The Eastern Economic Corridor (EEC) and Board of Investment (BOI) are Thai government initiatives to attract foreign investment, but they differ in scope, focus, and incentives.
EEC Promoted Companies:
- Geographic Focus: Limited to Chonburi, Rayong, and Chachoengsao provinces, aiming to transform Thailand’s eastern seaboard into a high-tech economic hub under the Thailand 4.0 strategy.
- Target Industries: Focuses on 12 S-curve industries, such as next-generation automotive, robotics, digital, and medical services, emphasizing innovation and advanced technology.
- Incentives: Offers enhanced tax benefits (up to 15 years corporate income tax exemption), non-tax perks like land ownership, 50-year land leases (renewable for 49 years), and streamlined visa/work permit processes. Additional incentives apply in special zones like EECi (Innovation) or EECd (Digital).
- Eligibility: Projects must align with targeted industries, use advanced technology, and be located in the EEC’s designated zones.
The EEC provides greater incentives and suits businesses in high-tech, innovative sectors planning to operate in the eastern provinces, while BOI is ideal for diverse industries seeking flexibility in location and broader eligibility. For specific project fit, consult with us today to learn more.
The industries that are actively being promoted within Thailand’s Eastern Economic Corridor (EEC) include:
- Next-generation automotive
- Intelligent electronics
- Advanced agriculture and biotechnology
- Food for the future
- High-value and medical tourism
- Automation and robotics
- Aviation and logistics
- Medical and comprehensive healthcare
- Biofuel and biochemical
- Digital
- Defense
- Education and human resource development