Thailand's Cabinet has approved the framework for a new Startup Promotion Bill designed to remove regulatory barriers and enhance capital access for startups. Key provisions include a 5-year benefits window for eligible companies (established ≤10 years, revenue ≤300M baht, no dividends paid), allowing equity offerings, debt-to-equity conversions, stock vesting, and ESOP arrangements. The National Innovation Agency (NIA) will serve as a one-stop center providing financing support and coordinating benefits across immigration, IP, taxation, and procurement. Deep-tech and agriculture startups may qualify for extended benefits up to 10 years. This optional framework aims to unlock innovation potential and boost Thailand's startup ecosystem competitiveness.
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