There are 3 types of place in Thailand where a factory can be located; industrial estates, industrial parks and other areas (elsewhere outside the first two types). The difference among the three types is as follows. Industrial estates An industrial estate is an area of land specified for industrial purpose providing infrastructure like electricity, water […]
Thailand BOI companies, apart from making sure they are in compliance with the conditions stipulated in the certificate issued by the Board of Investment have to submit a form to open their BOI operation within 3 years from the date of certificate issuance. In doing so, they have to be able to prove, for example, […]
According to Section 17 of the Investment Promotion Act, the BOI promoted person shall be a company, a foundation or a cooperative established in accordance with the respective laws of Thailand. An Individual or partnership cannot get Thailand BOI promotion, but an individual can represent the company in dealing with the Board of Investment. Apart […]
One of our clients is faced with an employment issue. In the company’s work rule, it provides 15 days of annual leave which is much more beneficial than the Thai Labor law requirement which is only 6 days per year. There is no restriction that the employee must take all annual leave within the year. […]
Q: I’m interested in Thai limited company registration with 100% foreign ownership. Also I need work permits and non-b visa for 5-10 foreign IT engineers. My Company is IT Software developer. I already have the same business in my country, but decide to make it global with headquarters in Phuket. Do I understand correctly that […]
After receiving the approval notification letter from Thailand BOI, the next steps that the applicant needs to do is to submit the documents as follows: Promotion acceptance form: You need to file it with the Board of Investment within 1 month, after you received the approval notification letter. Accompanying Application for Promotion Certificate form (Form […]
There are many types of manufacturing activities qualified for Thailand BOI promotion. In this post, we will look at the down-stream steel industry. Manufacture of down-stream steel is in the list of activities eligible for promotion. Thailand Board of Investment gives the promoted companies a corporate income tax exemption and non-tax incentives differently according to […]
Once your company has received a BOI certificate, it has to submit some forms every now and them with the Board of Investment of Thailand. Here are the rules: The companies that have received Thailand BOI certificate must notify the Board of Investment of their intention to continue their promoted project by submitting project progress […]
This is part two of the two posts explaining what Digital Content means. See part one click here. Yesterday we talked about the first 5 categories that are considered digital content that can get Thailand BOI promotion certificate. This post explains more. Wireless location-based services content, such as mobile e-payment, video-on-demand, music-on-demand, entertainment, wireless advertising, […]
This is part one of two posts explaining what Digital Content means. Digital content is one of the activities eligible for Thailand BOI promotion under the category 5.7.2 Software Business. This category grants 5 years corporate income tax exemption without cap. If you are interested in IT and want to get Thailand BOI promotion for […]