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Register your Board of Investment (BOI) Company in Thailand

Board of Investment (BOI)
Registration in Thailand

A BOI-promoted Foreign Company in Thailand enjoys various benefits

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  • Own Majority of the Shares
  • No Restriction on Work Permit
  • Own Freehold of Land
  • Other Government Incentives & Tax Privileges
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Why the Thai Government Established the Board of Investment?

The Board of Investment was established in 1997 to provide investment incentives for FOREIGN as well as LOCAL ENTREPRENUERS willing to invest in the activities promoted by the agency. Investment promotion policies were adjusted to attract more number of businessmen and respond to the economic situations of Thailand in the near future.

3 Ways How BOI Helps the Investors

01

Risk associated with the investment
is lessened

02

Improved rate of return on the investment

03

Reduced initial investment costs

Here Are The Business Categories Entitled For BOI Approval

Light Industry

Chemicals, Paper And Plastics

Agriculture And Its Products

Metal Products

Transport Equipment And Machinery

Mining, Ceramics And Basic Metals

Electronics Industry

Services And Public Utilities

BOI Tax & Non Tax Incentives

Tax Incentives

  • Corporate income tax exception
  • Reductionof import duties on machinery and raw material
  • Tariff exemption
  • Double exemptions on the costs of water supply, electricity and transportation
  • 25% exemption on the cost of construction of facilities

Non-tax Incentives

  • Exemption on ownership of companies by foreigners
  • Exempted from Visa rules
  • Permission to bring expert from foreign to work
  • Permit to own a land
  • Permit to remit foreign currency abroad

BOI Policies

Project Approval Criteria

The BOI specifies the below mentioned criteria;

More competition in the industrial, agricultural and service sectors

  • The value added of the project should not be lesser than twenty percent of revenues, other than the projects related to agriculture, electronic products and parts plus coil centers
  • Production process must be modern
  • New machinery must be put in use
  • Projects with a minimum investment capital of 10 million baht must get ISO 9000 or ISO 14000 certification
  • For concession on project and privatization of state enterprise project, the criteria shall be solely based on the decisions of the Cabinet dated May 25 1998, as well as November 30, 2004.

Protect environmental quality

  • The Board is willing to grant special consideration to pollution treatment of a project, having potential environmental impact.
  • Projects that are required to submit environmental impact assessment report must comply with related Cabinet resolutions and environmental laws.
  • Projects that are situated in Rayong must abide by the Office of the BOI Announcement No. Por 1/2554 dated May 2, 2011.

More competition in the industrial, agricultural and service sectors

  • The minimum capital investment requirement for every project is 1 million baht. This excludes land and working capital costs.
  • The debt-to-equity ratio for new projects must not be more than 3:1.
  • Project feasibility study must be submitted by the projects, having an investment value of more than 750 million baht.

Foreign Shareholding Criteria

The BOI has the below mentioned criteria for foreign shareholding in the projects, applying for investment promotion;

  • Thais must hold shares that total to not lesser than 51% of the registered capital (for business activities under List one)
  • There are no restrictions on equity for foreign investors (business activities under List two and three)
  • The Board of Investment can impose some foreign shareholding limits for a few activities that are eligible for investment promotion if deemed appropriate

Good news! 3 Legal Ways to 100% Foreign Ownership

STEP

01

Getting a Foreign Business License

STEP

02

Board of Investment Promotion​

STEP

03

Company Registration Through the US-Thai Treaty of Amity

8 Steps For BOI Registration ProcedureT

STEP

01

Fill application form and prepare the required documents for submission

STEP

02

Officials are contacted within 10 working days after the application has been submitted

STEP

03

Upon calling interview sessionis held

STEP

04

Project is evaluated

STEP

05

Approval/Non-approval depends upon the investment value. Projects investing ≤ 200 million is informed within forty working days after document submission, whereas investment value between 200 and 750 million is confirmed within sixty working days and investment value > 750 million is approved/unapproved within ninety working days.

STEP

06

Submit a promotion acceptance form after receiving the receipt of notification. The notification is likely to be sending within seven working days right from the adoption date.

STEP

07

After accepting the approval, the company’s establishment documents should be submitted within six months.

STEP

08

Issuance of the promotion certificate will be done within10 working days.

Document

Requirements:

  1. Application form to obtain promotion certificate
  2. Business registration certificate
  3. The memorandum of association
  4. Licensing agreement, technology transfer contact, technical assistance contract and a joint venture contract
  5. Form of utility as well as manpower requirements
  6. Document stating transfer of funds from the overseas
  7. Certificate of investment issued by the Bank of Thailand
  8. Failing to submit all the documents within the stipulated time period will require submitting an explanatory letter to the OBOI.

Why us ?

Incorporate 100% Foreign-Owned Thai Company

Licensed Thai Company Registration Experts

Professional Pre & Post Office Set-Up Support

Strong Network & Connections With Thai Government

Cost-Effective and Impeccable Turnaround

Multilingual Legal, Accounting & Taxation Team

Convenience In Visa Issuance Of All Types

Multilingual Business Registration & Legal Team

English Consultation & Advisory Support

Our Clients’ Reviews & Ratings

Frequently Asked Questions

If you are likely to make a significant contribution to the economy of Thailand, you will be eligible to register as a foreign owned business.

Foreigners who want to do business in Thailand usually invest in entities;

  • Thai Company Limited
  • Foreign majority owned with Foreign Business License
  • Majorly owned by foreigners when BOI promoted and/or under US-Thai Amity Treaty

No, because it doesn’t fall under BOI promoted activities. However, if you (a foreigner) want to set-up regional operating headquarters, the office may be applicable for BOI Section 7.

You can find information about the divisions of BOI from the Organizational Chart.

If any amendment is to be made or there is any discrepancy, it should be immediately notified to the OBOI in writing along with all the relevant documents.

Yes, provided they got promoted within the same investment zone and from the same business activities. However, a foreign applicant will further have to take permission to own land that a Thai applicant has already possessed the right.

Well, that’s your choice completely. Individuals who have enough time to spare can do it themselves. Typically, the Board of Investment Registration procedure is very complicated and takes a lot of months. So, let our legal team handle the matter and take you through to a successful process.

CONTACT US

KONRAD LEGAL COMPANY LIMITED

2 Pacific Place Building, 12th Floor,
Unit 1209, No.142, Sukhumvit Road,
Klongtoey, Bangkok 10110

Phone: +66 2626-0277

[email protected]
[email protected]

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