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 […]
Closing down a Representative Office in Thailand is much easier than opening it, which requires a lot of documents supporting the application for a Foreign Business License. Here are the documents needed when closing down a representative office to be filed at the Department of Business Development. A letter explaining the reason of closing down the […]
Some of Thailand BOI promoted activities are classified as of special importance and benefit to the country and the Board of Investment grants the promoted companies corporate income tax exemption without a cap plus other rights and benefits. Those high priority Thailand BOI promoted activities are Category 1.3 Economic forest plantations (except for eucalyptus) Category 3.9 Creative product design […]
Whenever there is a need of changing Branch Office Manager, there are documents and fee that need to be filed with the Department of Business Development.
Foreign companies should plan carefully whether your presence in Thailand should be just a Representative Office or a Branch Office.
The Thailand Board of Investment (BOI) has recently approved its “Seven-Year Investment Strategy” (from 2015 to 2021), with a focus on promoting investments that create value for Thailand and those that have a positive impact on society and the environment as well as for Thai investments overseas to enhance the country’s competitiveness and overcome the […]
In consideration on approval of service business for the affiliated or group company, the Foreign Business Committee will consider the details of information in the application for the foreign business license together with the supplementary documents according to the scope of the services to the affiliated company or group company as follows:- For Business in […]