What are Thailand BOI benefits granted to companies providing international business process outsourcing services? If your services are provided through communication network such as administrative, finance, accounting, human resource, sales and marketing services, customer service, data processing, etc (or international business process outsourcing), you can get an investment promotion from Thailand Board of Investment and here are the rights and benefits that come with your BOI status.
- Permit for foreign nationals to enter the Kingdom for the purpose of studying investment opportunities.
- Permit to bring into the Kingdom skilled workers and experts to work in investment promoted activities. In other words, you will be able to get as many work permits as necessary for your promoted business.
- Permit to own land – just what is necessary for you to use to operate your promoted business activity.
- Permit to take out or remit money abroad in foreign currency. However this does not mean you can remit dividends tax free.
The BOI incentives for International business process outsourcing service providers may not be appealing enough if your business is small and does not have big selling and administrative expenses. The important condition the BOI set for this kind of business to be eligible for BOI promotion is that your company needs to spend at least Baht 10 million per year in selling and administrative expenses. You have 3 years from the BOI certificate issue date to prove to the Board of Investment that you have spent that much per year otherwise your BOI status will be revoked.
Whatever your business activities are, it is in your best interest to consult with Thai Lawyers Ltd. first before you decide that BOI is not for you. We have helped lots of foreign owned companies get their Thailand BOI certificate. Read what our clients say on the testimonials page.