Investment Regulation and Incentives

The second Thai royal decree on medical devices has been announced in royal gazettes since 30th April 2019. The main objective of the decree focuses on aligning the standard and measure of Thai medical devices to be following the ASEAN agreement on Medical Devices.
Pharmacy can be established as sole proprietorship which is an individual legal entity and partnership or corporation which is a juristic person. Each business type has different accounting duty and tax responsibility as follows
In supporting the investment of cell and gene therapy, Japan has been developing fast, especially in January 2019. Japanese government allowed the use of gene and a genetic test for the cancer drug and treatment to be covered by national public health insurance.
Currently, Thai investment promotion policy on the medical devices industry is mainly under the guidance and execution of Board of Investment (BOI). There are two main measures of the BOI those are tax and non-tax measures.
Due to the trend of health focused and aging society, the market of medical foods and food supplements is growing at high pace. The medicals foods are specially formulated and intended for the dietary management of a disease or condition that has distinctive nutritional needs that cannot be met by normal diet alone.
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