BOI
Application
One of the best business growth opportunities available to foreign companies in Thailand is Thailand Board of Investment approval (BOI). This procedure welcomes foreign investors to Thailand and means that for foreign business owners in Thailand things have never been better!
One of the biggest benefits found by many Thai companies is the ability to hire foreign workers & experts without the need to have a ratio of four Thai staff to every foreigner.
What is a BOI Company?
A BOI Company is a Thai company which can either be 100% foreign owned, 100% Thai owned or owned jointly between Thai and foreign shareholders. BOI companies have made certain regulations in order to become BOI certified and qualify for the numerous benefits available to BOI Companies.
What are the benefits of a BOI company?
What are the benefits of a BOI company?
- 100% foreign ownership
- Four hour work permit processing at BOI One Stop Service Center in Bangkok
- The ability to own land even if the company is owned by a majority of foreign shareholders
- Tax incentives
- 2 year visa & work permit
Which Business Categories are available for BOI?
- Agriculture & Agricultural Products
- Mining, Ceramics & Basic Metals
- Light Industry
- Metal Products, Machinery & Transport Equipment
- Electronic Industry & Electronic Appliances
- Chemicals, Paper & Plastics
- Services & Public Utilities
- Technology & Innovation Development
Inside each category are a number of specific industries which are eligible for BOI promotion.
Foreigners wishing to establish a business operation in Thailand should investigate how they can take full advantage of the government’s Board of Investment (BOI) services.
