SEA Health Tech Investment Insights
Government actively involved in making and promoting
Thailand as the #1 Medical Hub of Asia
INSEAD
Thailand government is pushing for R&D in technology and innovation
Non-Tax Incentives: Foreigners can have 100% ownership of a business, and can acquire permits to own land and bring in skilled
workers and experts to work in Thailand.
Tax Incentives: the Thailand Board of Investments provides corporate income tax exemptions for 10 years to technology and
innovation developments in biotech, nanotech, advanced material technology, and digital technology. There are also exemptions of
import duties on various raw or essential materials.
The Thai government wants to capitalize on the market development of medical tourism
Visas: Thailand is shifting public policy toward creating an environment wherein medical tourists can access the country's services with
ease. This includes the loosening of visa restrictions and the creation of smart visas.
Private hospitals and conglomerates: Private hospitals are driving Thailand's medical tourism industry, and attracting investments from
conglomerates. The private hospitals are expanding and forming partnerships with foreign online platforms or companies
Sources: Thailand Board of Investments, HealthcarelTNews
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