The Board of Investment (BOI) Thailand
Responsibilities & Goals

The Board of Investment (BOI) Thailand’s goal is to promote and develop foreign investment in Thailand. The BOI was founded under The Board of Investment Act 1997, which describes The BOI main objective as “The promotion and development of direct Foreign Direct Investment (FDI) leading to the increased export and generation”. Through careful consideration, the BOI decides which applying companies are eligible for BOI Thailand business registration. Following BOI approval, incentives are given to the registered BOI companies in Thailand. These BOI Thailand benefits are designed to kick-start the newly formed BOI company. Promoting a sustainable foreign business model to operate in Thailand while incentivising investment in Thailand via supporting the Thai economy and offering employment opportunities to Thai workers, ultimately, BOI investment is a win-win situation for all concerned. Once BOI company registration is complete and the business is up and running, the long list of the BOI’s system of privileges and benefits can be taken advantage of by the newly BOI registered company. If you have any questions about the BOI Thailand benefits available, please don’t hesitate to contact our team.

Benefits of BOI Company Registration Thailand Vs Thai Company Limited

The Board of Investment Promotion offers Thailand business registration for foreign businesses falling into approved business categories. Each BOI approved designated industry sector has its own list of specialised investment promotion incentives to promote investment in Thailand. The following are just a few of the many benefits of The Board of Investment (BOI) Company formation structure vs Thai Company Limited structure and, as is apparent in the table below, the BOI incentives for any type of company that is in the approved list of industries makes it worth the effort of registering a BOI company.

Item
TAX INCENTIVES: CORPORATE
INCOME TAX
DIVIDENDS TAX
IMPORT DUTIES
UTILITIES (TRANSPORT, WATER & ELECTRICITY)
CONSTRUCTION of FACILITIES
OWNERSHIP
EMPLOYING SKILLED EXPATRIATES
PROPERTY OWNERSHIP
COMPANY PROTECTION
BOI Thailand
CORPORATE INCOME
TAX EXEMPTION
EXEMPT
EXEMPT (Only Machinery And Raw
Material Used In Production For Export)
REDUCED COSTS
AGREED PER CASE
REDUCED COSTS
AGREED PER CASE
100% FOREIGN
RECRUIT OVERSEAS EXPERTS & ISSUE
BOI WORK PERMITS
RIGHT TO OWN
PROTECTION AGAINST NATIONALISATION OF THE BUSINESS
THAI CO., LTD.
20% CORPORATE INCOME
TAX CONTRIBUTION
10% WITHHOLDING TAX
PAY AS APPLICABLE (DEPENDING
ON PRODUCT CATEGORY)
PAY AS APPLICABLE
PAY AS APPLICABLE
51% THAI / 49% FOREIGN
4 THAI EMPLOYEES TO 1 EXPAT
49% OWNERSHIP
NO PROTECTION

Thailand BOI Company Registration Approved Industry Categories for BOI Promotion

To register a Thailand BOI Company, your business must fall into one of the following industry categories available for BOI promotion:

Aerospace

Alternative Energy

Automotive

Automation & Robotics

Bioeconomy

Bio-Plastics

Data Center & Cloud Service

Digital Economy & Software

Food

Machinery

Medical Device

Medical Hub

Printing

Rubber

Smart Electronic

Textile

Board of Investment
Application Incentives Vary
Depending on Category

The Thailand Board of Investment offers four types of incentives to foreign companies that meet its requirements. The incentives include (but are not limited to) tax privileges, fee benefits, investment promotion privileges, and other non-tax privileges. The ViZe BOI experts can help you understand how The BOI Thailand company registration process works so that your company is quickly awarded a BOI certificate of privileges. The BOI Thailand incentives fall under four categories:

A1:

The Board of Investment Thailand registration for projects in the eastern part of the country, including Rayong.

A2:

The BOI Thailand registration for projects located in the North or Northeast region.

A3:

The BOI Thailand registration only if you use Thai local service providers and do not hire foreign employees.

A4:

The BOI Thailand company is set up for companies that intend to reinvest in certain troubled border provinces (Chiang Rai and Tak), which need more economic development and investment than can be offered by Thailand’s neighbours, Laos and Burma. The help of a qualified legal consultant is needed to ensure that your application will meet all BOI requirements for registration.

The BOI Application Requirements for Registration with BOI Thailand

As disclosed below the graphic, the source of the below “Procedures to Apply for Thailand BOI Promotions” illustration is, in fact, the BOI’s website BOI.go.th:

Investors
Application Submission
BOI
Project Evaluation
BOI
Approval/Non-approval
BOI
Notification
BOI
Promotion Certificate Issuance
Investors
Request for Incentive Utilization
Investors
Request for operation
Start up (Project Audit)
Investment value ≥200 million bath
considered by the BOI
( Within 15-40 working days after submitting all required documents )
Investment value ≥200 - 2,000 million bath
considered by the sub-committee
( Within 60 working days after submitting all required documents )
Investment value ≥2000 million bath
considered by the sub-committee and then submitted to the Board
( Within 90 working days after submitting all required documents )
Machines
Raw and Essential Material
Bringing of skilled workers and experts
Others
Operation Approval

OUR EXPERT FORMATION LAWYERS COVER BOI
COMPANY THAILAND REGISTRATION ALONG WITH:

If you would like to set up an appointment to review whether or not registering a BOI company is suitable for your situation, please contact our team using the following contact form.

Thailand BOI Company Registration Is Easy With ViZe’s One-Stop BOI Set Up & Management

If you are an investor who has never set up a BOI Thailand Company before and wants to explore all The BOI Thailand Business Incentive Packages, contact ViZe Counselor now for your one-stop BOI Thailand Company Registration & Management Services. Our trained experts in setting up Board of Investment (BOI) Thailand companies will walk you through the entire process from start to finish which includes: preparing and submitting your BOI application documents, The BOI registration processing and review, The BOI legal support services, The BOI company bank account opening and much more!

BOI Company Thailand FAQs

How can I register a BOI company in Thailand?

Firstly, you need to understand The BOI requirements before starting your Board of Investment Thailand company registration application. ViZe Counselor’s Expert Team provides clients with all The Board of Investment (BOI) Thailand services at very competitive prices. Our Thailand BOI registration service fees are highly competitive because we provide premium level services and value for money. So you can enjoy our world-class 1st class customer service and high standard professional legal compliance guaranteed by our English speaking BOI lawyers.

Why choose a board of investment company formation?

When The Board of Investment Thailand allows you to start a BOI Company formation in Thailand, it can be a rewarding experience for your company. The benefits and privileges of The Board of Investment Thailand will provide business investors with opportunities to achieve benefits or incentives from the Thai BOI.

What is the BOI in Thailand?

The BOI in Thailand is The Board of Investment Thailand, a government initiative to promote Foreign Direct Investment in Thailand. Thailand’s BOI company registration process consists of two stages. The BOI will issue a Board of Investment Thailand Company Certificate, which awards the newly formed business a whole host of incentives, such as Exemption from Income Tax for five years.

Can a foreigner open a business in Thailand?

The BOI provides foreign investors with The Office of The Trade Representative (OTR) license and one-year corporate income tax exemption for five years. The first stage begins upon receipt of The BOI Thailand Certificate; then, the foreigner must register their Thai company at The Department Of Business Development (DBD). The second stage begins after The BOI processes your application and you are granted an Office of The Trade Representative (OTR) License. At this point, The BOI will issue a Board of Investment Thailand Certificate for Exemption from Income Tax for five years.

Can a foreigner be a sole proprietor of a BOI company in Thailand?

The BOI Thailand law is formulated to give significant benefits and incentives to foreign investors wishing to start a business in The Kingdom of Thailand. As The BOI’s objective is to be business-friendly, BOI Thailand has created policies that allow foreigners to establish their own Thai Companies.