Promoting business activities of music festivals, sports festivals, and international events

The conditions for applying for incentives for this activity are as follows:

1. The applicant must have an operating plan for organizing a music festival, sports festival, or international event, and the scope of business must be approved by the BOI. Such music festivals, sports festivals, and internation events are excluded from organizing meetings or exhibiting products.

2. The applicant must make a minimum capital investment of not less than THB 100 million for each festival and event in the form of operating expenses for organizing music festivals, sports festivals, and international events.

3. The applicant must submit an organizational plan and bidding documents to the BOI for approval before exercising any rights or using any incentives granted by the BOI.

4. The company receiving investment incentives cannot request an extension of the deadline for importing machinery to be used in the business. 

The company receiving investment incentives will be entitled to an exemption from import duty on machinery for 3 years, as well as be eligible to apply for work permits and visas for foreign expert skilled workers for 3 years from the date that the BOI certificate is issued. 

Reference (in Thai): 

• Announcement of the Board of Investment No. Sor.4/2567