BOI Thailand: Board Of Investment

Do you have a business idea in your mind that you wish to implement? If you think that Thailand is the best place for you to get your company registered, then there are a few things that you need to know about before registering your company in Thailand. You may get in touch with our legal professionals who will help you throughout the entire process of company registration in Thailand. The most important thing that you need to know is that you can get your company registered to the Board of Investment in Thailand, and enjoy a wide list of benefits.
CALL US at +66 83 605 0005

What is the Board of Investment (BOI) Thailand?

The Office of the Board of Investment was established in 1977. It operates under the Office of the Prime Minister, and is a government body that helps in promoting direct investment in Thailand by devising investment policies. Therefore, a BOI-promoted company can gain a lot of benefits and incentives thereby leading to successful businesses for entrepreneurs.

Aims of Thailand’s Board of Investment:

Following are the key roles that the BOI Thailand plays:

Oxygen Icon Box

Promotion of investment opportunities in Thailand and foreign countries

Oxygen Icon Box

Development and innovation of technology in Thailand

Oxygen Icon Box

Increasing the economic growth in Thailand

How can you apply for BOI Thailand?

If you wish to apply for BOI Thailand, then the following procedure will come of help for you.
v+ܕ,qƩ\]y欉ܬriا)^jeƭ鮇Nݶz+)Z-zajq٢ƭjYH+-jțXnw*ʋ#yZ)eiʋbj@b)&֠{Y[znw(*.#ybu暝kzǧ)ا~'(qjȭ)ejYh-^{"h*.-jwpaz+b8^vbY[yz"u'!jxZwvzf{*.Vm쨺˛+m橦Xjبv+݊ybqb擧qޭ{ʋ)ڝ-^&vfz^ꮊr(+Z~׫mx"'-+av'z /zz{h}z(Z'Z)ʋjeƭߢ֭!x[aygުyڱh*.wZ뫕2z0Ym칹*.i'*'~汩ݶzVyhr鞞-^ޮy~'ȧ^&xk ޲k&"X^޶jYmުzgƫzg^֠zj|Ʃg):zrl)ez{.ajܨN!w+jezץǫ'y֧w +)vrjw+aN?ezfz{oj[WZm411>&ب) +)ui^^jeƭzqǩ)b"{޲ٞږ笚޶M LpB{"uڶ*'o+.m&+my^jkN"Z) +)ui^^jeƭz,םXzfz{oj[j+zZ`Sȝz˛r^yjko+axnw) +)ui^^r^jeƭjz{.nh/bد)/jVi^^jeƭz,םax)ewl)+b !z^ܨXjبz^uz"Z{,"Vފwh^jeƧayyZj"wzޕb{h8k7+zޮ+b)Zh^jǩjyi'*'~)emުyhm.nh_az+,zN"蚋bw؟ƭΝǭ橦Xj{kyǢ-橦/jZq詵Nݶ+\jez׭^ݲazkh8"L(Hֲz0zwɪi'جvhv(jwwֲ^^)emުyhjW}Z'qb{h8j)Z!fk(^ק*'.nhbqbvvjםv.b)ޞh^!jw슉Ygނ+ޞj+zZ{b,+b˛+bgbد^+-bzjw\jZ/ʋmz+޶8-&بǫ'qb{azx+Ț+ʋǭjZ+"j'~׫ʋjeƭz[^jwCbئ{*.-ay%"hr鞞-^9qݡ'-tj)ZYbeƭߢN"蚋bw؟ƭ)b j|zzb~'Xzj+jwnڲbXh~Zh׫b ؟ƭnv)zuƩ֥ikz殶+7v*r+h "az^Zu޲jZ/Xgǫ'q^o+axӅjwhz*m}}vgb}z{\'X7z% }ڂ(rX܆+j zgb"Ur-XZ+Z)ܖ^ef(ꮊz{lXZSނ+-bwh-/5Җzhvk)ܖ^Yh)wfe8^Z˦ނ+-zqbh*.&jwa Z)ࢸ-x-fwX7j)li.*.wZݶib(~ajܨ)hay^rbzʋ#y)bNfޮze{*.)emb)~&Njw_w({k+aƥjb$z^+ڵ"z̨)~x2ӅhX ezWj{]z֢.r)eݪ楉jبjvzgךܢjZ/X笶)kzʋrj|ay'دv+7vXy+"zv.ybr&~橦Xj{m˛+Z[azǝ˦z{l+a{ayךvXxz0zayi'جvh֥^hr鞞-^9qvȞg8ZVw)ުybazx^!zkǧuƙZh)^׫axNjwm찊Y^קw*.ךvXz,eyg(hWdybhvZbmz{"{hayghjwpYg~ڥajZ&ߢ{aݲ!jw슉Ygޙ^޶zئzçqax߉Ǩ|"{޲ٞj)ZZz+ueygaz{a{,"Vފ.x2az)zfz{i*'qjب+ʋjZ&v+bfuh'*.Z0jYm(ح튉v)؟ƭzVyhʋrj|bد)Xjب+0)zƧvjj)ZN "{޲ٞzay&l8kj-zb~'譚-޶ނ+-zay&{h{^2צmb)~ފ ޚh:wvXj{lZ_Ɨ̬魅jyaz*ڦbqbw^Š֧vj)Ӆjwm.axwlzq׫9#݊bQz+)jw\jez-N#y8^)\jZ)ٞz"ay%" ުzgƟyǢ)8kj-zb~'vfz˫z+z++m^8H+^!wɩzg)*j'-y~&nqmkn'B{--~^rj|-m(^pb~{ajYmrzת*fz{f[z)쵩ey餉jDzy٨bhr^z^az|k)ߢ8b)+bدv+xަx)hrli"׫y()Ӆjwf^˫zYh^i({bvb k[,\޽yשjfz{h}ljwA8)em .kfx&jGm(+Yh)jYmڲ'+z+)r&I.+rI!VaWbaUnx]yPjwryɫاv+v+

Is your company eligible for BOI promotion?

In order to know whether or not your company is eligible for a BOI promotion there are certain eligibility activities that you must know about beforehand. Your company is eligible for BOI promotion if it meets with the following criteria:

Oxygen Icon Box

Your company falls within one of the eight eligible business categories

Oxygen Icon Box

Your company performs eligible activities based on its category

Oxygen Icon Box

Your company meets with the minimum capital investment sum

Oxygen Icon Box

Your company is duly registered under Thai law

Oxygen Icon Box

Your company meets with all the business requirements

Now in order to know whether your company is performing the eligibility activities you must first know about what those activities are. To get a BOI Thailand promotion certificate you need to make sure that the type of business you plan on executing falls within one of the below mentioned business categories.

Agriculture and agricultural products

Drag a button, link, or anything else into the icon box to place it below the text. Lorem ipsum dolor sit amet elit.

Light industry

Drag a button, link, or anything else into the icon box to place it below the text. Lorem ipsum dolor sit amet elit.

Services and public utility

Drag a button, link, or anything else into the icon box to place it below the text. Lorem ipsum dolor sit amet elit.

Chemicals, paper and plastic

Drag a button, link, or anything else into the icon box to place it below the text. Lorem ipsum dolor sit amet elit.

Technology and innovation development

Drag a button, link, or anything else into the icon box to place it below the text. Lorem ipsum dolor sit amet elit.

Electronic industry and electric appliances

Drag a button, link, or anything else into the icon box to place it below the text. Lorem ipsum dolor sit amet elit.

Metal products, machinery and transport equipment

Drag a button, link, or anything else into the icon box to place it below the text. Lorem ipsum dolor sit amet elit.

Mining, ceramics and basic metals

Drag a button, link, or anything else into the icon box to place it below the text. Lorem ipsum dolor sit amet elit.

List of BOI eligible activities

Once you have made sure that your company is doing business in any of the above mentioned 8 business categories, and then the next thing that you need to check is whether or not your company is performing the eligible activities mentioned on the BOI official website. In case your company is doing business in the technology and innovation development sector, then following are eligible activities that your company must be performing for a BOI promotion certificate:

Development of digital technology

Drag a button, link, or anything else into the icon box to place it below the text. Lorem ipsum dolor sit amet elit.

Development of biotechnology

Drag a button, link, or anything else into the icon box to place it below the text. Lorem ipsum dolor sit amet elit.

Development of nanotechnology

Drag a button, link, or anything else into the icon box to place it below the text. Lorem ipsum dolor sit amet elit.

Development of advanced material technology

Drag a button, link, or anything else into the icon box to place it below the text. Lorem ipsum dolor sit amet elit.

If your company is performing at least one of these eligible activities, then it is much closer to getting a BOI promotion certificate. However, one important thing that you must keep in your mind is that even if your company is doing business in one of the eight eligible business categories, but it fails to perform the BOI eligible activities, then you won’t be receiving the BOI promotion certificate.

Benefits of BOI Thailand Company

There are certain tax schemes and regulations that apply to limited companies in Thailand, however if your company gets a BOI promotion certificate, then you will be benefiting from the following tax and non-tax incentives.

Thailand BOI tax incentives

Following are some of the tax privileges attached with a BOI promotion certificate in Thailand:  
  • Exemption from corporate income tax for several years
    • Exemption of 8 years corporate income tax for activities related to advanced technology, infrastructure or R&D
    • Exemption of 5 years corporate income tax for activities involving high technology for the development of Thailand
    • Exemption of 3 years corporate income tax for activities adding value to the domestic resources of Thailand
  • Reduction or exemption on the cost of import duties on raw materials and machinery
  • Decrease in the taxes on dividends payable to shareholders
  • Deduction on the costs of electricity, transportation, water supply, and installation/construction of facilities 

Thailand BOI non-tax incentives

Following are some of the non-tax privileges attached with BOI promotion certificate in Thailand:  
  • Permission to recruit foreign skilled workers and professionals
  • Permission to complete ownership of land
  • Permission to remit money in a foreign currency 
  • Protection from nationalization of the business 

Injection of funds

You must keep in mind that the injection of funds needs to be done before the Office of the BOI issues the BOI promotion certificate. The entire investment must be completed thirty days before the issuance of the BOI promotion certificate. In case you have a foreign ownership, then you will have to submit the evidence. The investment amount varies with the category of business you are carrying out, however the minimum capital requirement for the injection of funds in Thailand is 1M THB.

Get in contact with our legal professionals!

Now that you know the various benefits of registering your company in Thailand to the Board of Investment, you should definitely consider taking this step. Get in contact with our legal team to learn more about this process. Our team of legal experts will make sure that the entire process of registering your company in Thailand goes smooth for you.
apartmentlaptop-phonebugmagnifier linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram