One of our foreign clients would like to buy an existing accounting and legal firm owned by Thais. They asked us if they need the foreign business license and how to obtain it. As per the Foreign Business Act, despite being a Thai registered company with majority foreign ownership, the company’s status is defined as […]
From 1 June 2020, the jobs prohibited to foreigners in Thailand are classified into the three lists below: List 1: Jobs that are absolutely prohibited to foreigners and reserved for Thai nationals only: Wood carving Driving motor vehicles or vehicles which do not use machinery or mechanical devices, except international aircraft piloting and forklift driving […]
Thailand Board of Investment has one of the conditions for the promoted companies in some promoted activities to have a minimum level of investment capital. Construction costs can be included as part of such investment. Moreover, in case the promoted companies lease an office space, land, building or factory, the total lease amount specified in […]
Nowadays more and more people are becoming very conscious about their health and seeking food supplement apart from the nutrition given by typical food. This trend is reflected in an increase in the demand for different food supplements. Food supplement industry in Thailand has been growing rapidly. Moreover, the Board of Investment (BOI) promotes the […]
We get a lot of inquiries from foreign companies or business people (who are seeking investors to buy into their business in other countries or to lend them money) asking us to verify if their investment deal is legitimate. In most cases, the investor, supposedly in Thailand, tells the foreign companies that they need to […]
We have an international client that uses our BOI Thailand service, who has an interesting question regarding what their investment promotion allows them to do. Question: We are currently engaged in discussions with another company about forming a Joint Venture (JV) company. They would hold 51% of this company and we would hold 49% of […]
To become a fully Thailand BOI compliant company, the company has to complete the conditions set out in the BOI certificate. Some BOI companies are required to have the minimum investment (excluding cost of land and working capital) of at least 1 million Baht (or any the amount specified in the BOI certificate). In addition […]
This post is about Thailand BOI promotion for E-Commerce business which is in the list of activities eligible for investment promotion. However, a corporate tax exemption incentive will not be given to this kind of business, but the Board of Investment (BOI) grants an exemption of import duty on raw materials and other non-tax incentives […]
For the investors who want to manufacture biological fertilizers, organic fertilizers, nano-coated organo chemical fertilizer and bio-pesticides in Thailand, the Board of Investment (BOI) gives the incentives to such business if it can meet the following conditions: For biological fertilizers, organic fertilizers and nano-coated organo chemical fertilizer, the products must be registered and obtain license […]
This post is about Thailand BOI privileges granted to vehicle parts manufacturing activity. There are 5 types of vehicle parts manufacturing which the BOI gives the promoted companies a corporate income tax exemption and non-tax incentives differently. The following activities are eligible for Thailand BOI promotion for manufacture of vehicle parts: Manufacture of vehicle parts using […]