Board of Investment (BOI) Company Registration in Thailand

BOI Registration of Companies in Thailand attracts Investment Privileges and Tax Benefits for Foreigner Investors

board of investment thailand registration

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Do you have a business concept that you’d want to put into action? There are a few things you must know before registering your company in Thailand. Get in touch with our legal experts, who will support you through every step of the BOI Company Registration procedure in Thailand.

The first crucial thing you must know is that there are numerous advantages to having your company registered with the Board of Investment in Thailand.

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What is Board of Investment Registration in Thailand?

The Board of Investment (BOI) was established in 1997 to provide investment incentives for FOREIGN as well as LOCAL ENTREPRENEURS 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. BOI Thailand Company Registration is the process by which Thais and Foreigners can avail attractive benefits related to Investment Deposits and Taxation on framing their business in coherence with the BOI regulations and ideologies.

3 Ways How Board of Investment Registration in Thailand Helps the Foreign Investors

01

Low Investment Risk

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

Non-tax Incentives

Board of Investment Registration in Thailand Policies

Project Approval Criteria

The BOI specifies the below mentioned criteria;

More competition in the industrial, agricultural and service sectors

Protect environmental quality

More competition in the industrial, agricultural and service sectors

Foreign Shareholding Criteria

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

3 Easiest Legal Ways for 100% Foreign Ownership Business in Thailand

8 Steps For Board of Investment Registration in Thailand

01

Fill application form and prepare the required documents for submission

02

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

03

Upon calling interview sessionis held

04

Project is evaluated

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.

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.

07

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

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.

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.