These Many BOI Incentives a Trading Company Receives
Is your company involved in trading, like purchasing and selling goods and/or raw materials? Then you may be eligible for BOI incentives. According to Thai laws, international trading-related services are the procurement of goods, packaging services, insurance on goods, transportation of goods, warehousing or inventory services before delivery and advisory and training services on goods. Thailand’s strategic location, easy availability of affordable workforce and a wide variety of other advantages make it a top choice for foreign investment.
Apart from these, the primary reason that tops the list is attractive BOI incentives. Like always, Thailand Board of Investment keeps on offering some amazing facilities to the investors.
- Permission to bring in skilled experts in Thailand and work for different investment promoted activities.
- Permission to own land
- Exemption of import duty on machinery, provided they are only for Research and Development
- Exemption of import duty on raw materials and different parts required for the production of export items
However, these BOI privileges are not for everyone. In order to make use of these benefits, your company must have a paid-up capital of minimum THB 10 million. Also, it must supervise at least an associated enterprise or a branch outside Thailand. If your case doesn’t fall under any of these, you may still be eligible for BOI incentives. But you must know about your eligibility. We can conduct an initial free consultation, wherein you will get all the BOI related information you need. If you happen to be eligible we will go that extra mile to register your foreign company under the Thailand Board of Investment.
As for the registration process, it is quite simple, but one needs to have a good understanding of the law and a healthy relationship with the Thai government to get the formalities done. And we are proud of both.
