Under its recent amendment to Investment Promotion in Thailand, the Board of Investment has introduced Medical Hub under its Super Cluster category, which will enjoy 8 years of corporate income tax exemption plus additional 5-year 50% corporate income tax reduction, and personal income tax exemption for the relevant renowned specialists, both foreigners and Thais. The Thai government is also considering the granting of permanent residency to such leading specialists. However, in order to qualify, the application for promotional incentives has to be filed within 2016 and shall commence operations within 2017.
Solidiance has published a white paper titled "Future of Thailand's Healthcare Industry in Tier 2 Cities", highlighting key findings like Thailand's aging society, medical tourism, driving healthcare investment in the future. Below are the key highlights of the findings : Thailand will be an aged society by 2020 (30% of total population by 2050), to be driving the demand for healthcare services with treatment & chronic diseases as primary focus. Thailand is aimed to be a Medical Hub, and Bangkok no longer equates to the sole Thai healthcare market. Tier Two cities in Thailand (e.g. Hat Yai, Udon Thani, Nakhon Ratchasima, etc) have become more urbanized (along with rise of household income) and grown more accustomed to better living standards. Medical tourism is expected to be one of the main drivers for private hospital investment in the future.