Have you ever considered starting your business, or have you ever considered expanding your business into Thailand but felt overwhelmed by regulatory hurdles and investment costs? Therefore, acquiring the investment promotion by the Board of Investment (BOI) is a powerful government ally for businesses looking to thrive in Thailand.
Why do we need to invest in Thailand?
Thailand situates and serves as a gateway to ASEAN’s booming markets, a fast-growing regional market that is also considered a hub for regional trade in Southeast Asia, making it an ideal location for businesses seeking growth. Thailand’s strategic location, skilled workforce, and developing infrastructure attract entrepreneurs and investors globally. Aiding this journey is the Board of Investment (BOI), which acts as a vital partner, simplifying entry into this dynamic market while providing unparalleled support for sustainable business success.
What is a Board of Investment (BOI)?
The BOI is a Thai government agency dedicated to fostering and tasked with promoting private sector investment. Its mission is to enhance and drive Thailand’s economic and innovation development by offering strategic incentives, reducing operational barriers, supporting businesses across various industries, and even tax and non-tax incentives. BOI not only aims to attract foreign investors but also needs domestic investors to enter industries that align with Thailand’s strategic priorities.
Why the BOI Matters to Investors?
BOI will provide you the comprehensive incentives
After getting promoted, BOI shall provide enticing benefits, including tax exemptions, for example, corporate income tax exemptions of up to 13 years for eligible projects, reduced import duties, for example, on machinery and raw materials used in production, and non-tax incentives such as land ownership rights for foreign investors and visa facilitation for employees. These measures significantly reduce the cost of doing business.
BOI’s Sector-Specific Support
Whether you’re in technology, renewable energy, healthcare, or manufacturing business, the BOI prioritizes industries that align with Thailand’s national development goals, offering tailored support to maximize your growth potential.
How BOI Helps Your Business Run Smoothly
BOI will simplify regulations and assist investors in engaging their business. By working with the BOI, investors can easily navigate Thailand’s regulatory landscape, avoiding bureaucratic delays that could slow business progress. Therefore, they will reduce red tape (official rules and processes that seem unnecessary and delay results), helping you start and operate your business without delays. They also guide you through legal and administrative processes, saving time and money.
In summary, investors can quickly turn opportunities into realities by leveraging BOI’s offerings.
So, How Can We Help You Get BOI Promoted?
Navigating the BOI application process requires precision and expertise. That’s where we specialize in. Our firm will provide legal services to make our clients get BOI promoted which consist of:
- BOI Application Preparation: Crafting compelling applications to secure your incentives.
- Regulatory Compliance: Ensuring all aspects of your investment align with BOI guidelines.
- Strategic Structuring: Structuring businesses to receive the most from BOI incentives and maximizing your benefits through proper legal and operational planning.
Let us simplify the complexities process and set your business up for success in Thailand. Our Vize Counselor team will provide end-to-end services tailored to your needs. By partnering with us, you can maximize the benefits of investing in Thailand through the BOI program. We are committed to providing comprehensive legal services to help businesses navigate the complexities of investing in Thailand. Contact us today to learn how we can help you unlock the full potential of BOI investment privileges. If you have any questions, feel free to contact us at info@vizecounselor.com or call us at +66 (0)2-124-5932.
