Target industries for each Special Economic Zone vary according to specific geographical conditions, raw materials, and demand and supply. For example, Songkhla in the South is close to the sea and has rich forest areas, and therefore its target industries are agriculture and fisheries, furniture, garments, textiles and leather products, logistics, industrial estates and tourism.
In cases where a company operates any of the above 13 target business activities, they will be offered maximum incentives through the Thailand Board of Investment, including 8 year corporate income tax exemption, import duty exemption on machinery and raw materials, and an additional 50 per cent reduction on corporate income tax for 5 years.
Other incentives include double deductions from the costs of transportation, electricity and water supply for 10 years; an additional 25 per cent cost deduction for installation or construction of facilities and other non-tax incentives.