Last updated: 9 Aug 2023 | 459 Views |
Thailand's Board of Investment Promotion
or "BOI" is a government agency that focuses on promoting investment for both in Thailand and overseas for the main purpose of increasing ability to compete in the regional ASEAN community, as well as increasing number of foreign investors to invest in Thailand. Foreign investors shall benefit from getting BOI certificate, including the ability to operate a 100% foreign-owned business and land in Thailand. To become a BOI company, your business must invest the required amount of capital into one of the BOI’s promoted activities. If you do so, you will enjoy lots of benefits, many of them are related to taxes.
BOI eligible businesses and criteria
Tax related priviledges from BOI
Non-tax related priviledges from BOI
Application Preparation Time
The application is approximately eight pages in length and requires financial projections, the estimated number of employees, basic information, and more. It must include a business plan and a project plan, so investors are encouraged to conduct a feasibility study beforehand. The application process generally takes two to four weeks to complete.
Application Consideration Time
Compliance and requirements after certificate granted
The BOI company shall be required to maintain proper reports and compliance. In which, there are specific reporting and schedules as specified by the Board of Investment (BOI). If the company failed to submit the reposrts or any other requirements, the company shall be notified by the Board of Investment. And the company must respond to such notification with an explanation within the time given by BOI. If the company failed to response in time, the license may be revoked by BOI.
However, with our assistance, you can be assured that your company shall comply with all requirements.
Our initial consultation shall be for free of charge. So please do not hesitate to contact us to find out how we can provide you with the best solution that perfectly fits for your requirements.
Save your valuable time and allow us to assist you on the application.
or CLICK HERE to find a list of our standard fees
PRIME Consulting Limited
No. 1201/15 Soi Ladprao 94 (Panjamitr), Plubpla Sub-district, Wangthonglang District, Bangkok 10310 THAILAND