Thailand Board of Investment




For businesses looking to expand into Southeast Asia, Thailand beckons with its thriving economy, strategic location, and a helping hand from the Thailand Board of Investment (BOI). Let's delve into the BOI's role in propelling business success in Thailand.

Who is the BOI?

Established in 1966, the BOI is a government agency under the Prime Minister's Office. It acts as a one-stop shop for foreign investors, offering a range of promotional packages to incentivize investment in targeted industries and activities.

What Does the BOI Offer?

The BOI's primary aim is to attract foreign direct investment (FDI) that contributes to Thailand's economic and technological development. To achieve this, they provide various incentives, including:

  • Corporate Income Tax Exemptions: BOI-promoted companies can enjoy partial or complete exemption from corporate income tax for a set period.
  • Import Duty Exemptions: The BOI may waive import duties on machinery, equipment, and raw materials used in the production process.
  • Reduction in Business Taxes and Fees: The BOI can facilitate reductions in business startup costs and ongoing tax burdens.
  • Fast-Track Work Permit Processing: The BOI can expedite work permit applications for expatriate staff of promoted companies.
  • Land Leasehold Facilitation: The BOI can assist in acquiring or leasing land for qualifying projects.

Who Can Benefit?

The BOI offers incentives across various sectors, with a particular focus on:

  • Advanced technology and innovation
  • High-value manufacturing
  • Tourism and hospitality
  • Digital industries
  • Businesses supporting infrastructure development

How to Apply for BOI Promotion:

Companies interested in BOI promotion can submit an application outlining their investment project, including details on:

  • Proposed business activities
  • Investment amount
  • Technology to be used
  • Job creation potential

The BOI thoroughly evaluates each application to ensure alignment with their strategic goals.

Benefits Beyond Incentives:

The BOI goes beyond offering incentives. They also provide:

  • Investment Guidance: The BOI offers assistance in navigating regulations, identifying potential partners, and understanding the Thai business environment.
  • After-Care Services: The BOI continues to support promoted companies throughout their operations in Thailand.

A Strategic Partner for Growth:

The Thailand Board of Investment plays a pivotal role in attracting foreign businesses and fostering a dynamic investment landscape. By leveraging the BOI's expertise and incentives, companies can unlock significant opportunities for success in Thailand's flourishing economy. So, if you're considering expanding your business to Southeast Asia, consider partnering with the BOI for a smooth and rewarding journey in the Land of Smiles.


Visit our website for more information: https://www.thailandlawyers.net/thailand-board-of-investment.html

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