The benefits of getting BOI promotion in Thailand for wholesale business are mostly about having many work permits and owning land. As a foreign company, which has more than 50% shares owned by foreigners, wholesaling products in Thailand, you have to get a foreign business license in order to operate your business in the country unless you have Baht 100M registered capital for each shop. So if you wholesale products manufactured in Thailand, BOI is very useful to you. Without the BOI, the normal work permit rule for foreign companies is that you need to have Baht 3 M registered and paid up capital for each work permit you need. With BOI, that is not the case. The ability to have work permits without the ratio of 3 M capital and 4 Thais employees for each work permit is one of the benefits of getting BOI promotion in Thailand for wholesale business.
Other benefits of getting BOI promotion in Thailand for wholesale business are exemption of import duty on raw or essential materials used in manufacturing export products for 1 year which can be extended as deemed appropriate by the Board of Investment, and the ability to send foreign currency abroad.
Getting Thailand BOI promotion can be very difficult if you do not know what you are doing. Thai Lawyers Ltd. is your best partner in helping you prepare the BOI application. Consult with us today for the best and quickest BOI result. We have 100% success rate. See what our clients say about our BOI service: BOI Testimonials or learn more about Thailand BOI.