Thailand Launches 'BOI to IPO' Program to Link Investment Promotion with Capital Markets

Key summary

The Thailand Board of Investment (BOI), Stock Exchange of Thailand (SET), and Securities and Exchange Commission (SEC) have signed a memorandum of understanding to establish the 'BOI to IPO' program. This initiative aims to assist New Economy enterprises in raising capital through listings on the SET or the Market for Alternative Investment (mai). The program offers additional tax incentives, including an extra three-year corporate income tax exemption or a 50-percent reduction for five years for certified New Economy companies, and an extra two-year exemption or 50-percent reduction for three years for general companies. It targets ten sectors including advanced agriculture, biofuels, medical technology, automotive, digital commerce, and robotics. The SET has revised listing criteria and is piloting a streamlined IPO process with financial support from the Capital Market Development Fund to cover listing-related expenses.