Financial services, investment incentives, and tax benefits for Innovations

Financial services, investment incentives, and tax benefits to promote and accelerate the growth of technology-based businesses, including promoting innovation through various measures, as follows:

• Smart Services Matching Application

If you are an entrepreneur or investor in a technology business and are looking for tax benefits, investment promotions, and innovation distribution channels, you can access our various services through the smart services matching application here.

For more information: https://www.nstda.or.th/r/ifs-match

Fill in basic information ->> Select services ->> Submit ->> We will get back to you within 3 days.

• Certification of research and development of technology and innovation project or the Research and Development of Technology and Innovation Management System (RDIMS) (200% Tax Exemption Measure)

National Science and Technology Development Agency (NSTDA) has been appointed as a certifying body for evaluate and certify research and development of technology and innovation project or the Research and Development of Technology and Innovation Management System (RDIMS). The private firms that have been certified for the research project or certified for the RDIMS system will receive 200% tax deduction of research and development of technology and innovation expense. By the way, the expenditures must be paid to the research recipients who have registered with the Revenue Department of Thailand.

For more information: https://www.nstda.or.th/rdp

• Thai innovation list

Thai innovation list is an important mechanism aimed at stimulating local business and R&D development, providing Indigenous Thai innovation with more opportunities to participate in the economy, particularly through government procurement. Under the Procurement Act, Specific method and Selection method, it allows to procure directly with local enterprises whose products appear on the list.

For more information: https://www.nstda.or.th/innovation

• Joint investment by NSTDA Investment Center

NSTDA invests in businesses that are beneficial to the development of science and technology in the country and have clear economic and social benefits, including pioneering technology businesses that may use technologies from NSTDA or the private sector or those transferred from abroad. In the case of startups, we focus on those that have potential in the early commercialization stage. NSTDA does not invest in businesses that require only financial support, but we will consider the NSTDA’s role in developing and supporting technology as our priority.

For more information: https://www.nstda.or.th/nic

• Joint Investment by NASTDA Holding Co., Ltd.

NASTDA Holding Co., Ltd. (NHC) is a government-backed venture capital, in which NSTDA holds 100% of its equity. NHC invests in deep-tech startups in order to enhance sustainability and strength of Thai innovation ecosystem and to support commercialization of knowledge-based research, technology and innovation of NSTDA and partners. NHC will build deep-tech startups through activities enabling investment and co-investment in technology businesses that have potential for growth and good governance. Deep-tech startups invested need to be in line with Thailand 20-year National Strategy and targeted industries. NHC can invest from the formation, early stage until growth stage of startups.

For more information: https://www.nhc.co.th

or https://www.nstda.or.th/home/nastda-holding

• Certification of technology for new entrepreneurs

According to The Royal Decree No. 730 (B.E. 2565), which is the measure that encourages new entrepreneurs to engage in targeted industries by using core technology in the production process or service. Incorporated from January 1, 2021, to December 31, 2023, and operate in Narathiwat, Pattani, and Yala to receive tax benefits.

For more information: https://www.nstda.or.th/tei/service/startup

• Certification of technology for investors
  • According to The Royal Decree No. 597 (B.E. 2559) and The Royal Decree No. 636 (B.E. 2560), which are the measure, that encourages venture capital businesses to invest in VC or TRUST, which need to register with the Securities and Exchange Commission (SEC) by December 31, 2018. It receives tax privileges when the company invests in targeted industries that use core technology in the production process or service.
    For more information: https://www.nstda.or.th/tei/service/tax
  • According to The Royal Decree No. 750 (B.E. 2565). which is the measure that encourages individuals and companies, VC or TRUST registered with the Securities and Exchange Commission (SEC), to invest in startups that use technology or innovation as an important part of their operations. Investors who invest in the certified businesses will get tax benefits. This measure is suitable for businesses that are looking for investors.
    For more information: https://www.nstda.or.th/tei/service/startup

• Certification of advanced technology to support the application for BOI privileges

Give opinions on investment projects or products from the projects by analyzing the data that was received under the specified conditions of the category of businesses promoted by the BOI used for applying to get BOI privileges.

For more information: https://www.nstda.or.th/tei/service/boi

• Donation for additional BOI benefits

According to the merit-based incentives measure, which is a policy to encourage the industrial sector to invest in developing skills, technology, and innovation, the company can donate to the NSTDA Fund to get the privileges and additional benefits of tax exemption from BOI.

For more information: https://www.nstda.or.th/tei/service/sti-fund

• Donation for tax benefits from the Revenue Department of Thailand

Both the individual and the company can donate to the NSTDA Fund to support research, development, and innovation. They will get tax deduction from the Revenue Department of Thailand.

For more information  https://www.nstda.or.th/tei/service/tax