Thailand BOI Company Overview

The Thailand Board of Investment (BOI) offers special incentives and privileges to companies that qualify for investment promotion. Here’s what you should know about establishing a BOI-promoted company in Thailand:

Key Benefits of BOI Promotion

  • Corporate income tax exemptions (typically 3-8 years)
  • Reduced import duties on machinery and raw materials
  • Dividend tax exemptions during the tax holiday period
  • Permission for 100% foreign ownership
  • Land ownership rights for foreign companies
  • Work permit and visa facilitation for foreign experts
  • No restrictions on currency repatriation
  • Different industries receive varying levels of incentives based on priority

Eligible Activities

BOI promotion covers numerous sectors including:

  • Manufacturing
  • Agriculture and agricultural products
  • Medical and healthcare services
  • Digital technology and software development
  • Environmental management and renewable energy
  • Logistics and infrastructure development
 

Application Process

  1. Submit project details and application to the BOI
  2. BOI reviews the application (typically 30-60 days)
  3. Approval and issuance of promotion certificate
  4. Company registration with the Thai authorities
  5. Fulfillment of BOI conditions and commencement of operations

Requirements

Minimum capital requirements (varies by sector)

Business plan and feasibility study

Compliance with environmental and labor regulations

Technology transfer commitments in some cases