Investment Promotion for Manufacture of Hard Disk Drive Since the last decade, Thailand has been the biggest manufacturer of hard disk drives. Thailand offers low cost, literate and high quality labour and national infrastructure that facilitates the export market. The big digital companies are now manufacturing their products in Thailand to take advantages of […]
BOI Promotion for Economic Forest Plantation The BOI provides incentives and benefits for doing business in Thailand within the economic forest plantation industry. This does not include the forestation of Eucalyptus trees. As global growth and populations have increased, environmental leaders have shared the importance of sustainable forest plantation and healthy economic incentives. To […]
International Trading Center or ITC, in Thailand, is a company incorporated under Thai laws that purchases and sell goods, raw materials and parts or that provides international trading related services to juristic persons incorporated under foreign laws. ITC related services include: Procurement of goods Warehousing and inventory services prior to delivery Packaging services Transportation of […]
International Headquarters or IHQ is described as a company incorporated under Thai laws that provides any of the following activities to its branches or “associated enterprises”, whether located in Thailand or abroad: Managerial services or technical services Supporting services engaged in:General management, business planning and business coordination 2.1 General management, business planning and business coordination […]
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 […]
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 […]
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 […]
This post is about Thailand BOI promotion for software business, which is classified as one of special importance and benefit to the country. Thailand Board of Investment (BOI) grants the promoted software companies a corporate income tax exemption without a cap and other incentives. Thailand BOI promotion for software business is granted to the following […]