Benefits and privileges of BOI

A foreigner in Thailand may own 100% of the company’s shares, the company may own land, employ foreign employees without observing the quota for Thai employees and without requirements for authorized capital.

If you are planning an investment activity, you can get these and many other benefits from the Board of Investment (BOI).

BOI is a government agency that provides assistance to foreign investors, offering many privileges and benefits provided compliance of investment activities with certain requirements.

The number and types of benefits depend on the type of business and its location.

What are the conditions for obtaining BOI approval?

Exemption from taxes and provision of the above benefits should be justified by the Department, which means that the planned business should be beneficial to the State. This is primarily an export-oriented production, manufacture of high-tech products, innovation activities. The more important your business will be for the country, the more privileges and freedoms your company will receive. ⠀

A complete list of activities, their classification by priority, as well as the criteria that a business project must meet, can be found on the website https://www.boi.go.th

Author: Aleksandra Agapitova

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