Thailand BOI grants certain privileges to the promoted companies in each investment promotion zones. Today, we summarize the tax incentives granted to the projects in Zone 2 which includes Angthong, Ayutthaya, Chachoengsao, Chonburi, Kanchanaburi, Nakhon Nayok, Phuket, Ratchaburi, Rayong, Samut Songkram, Saraburi and Suphanburi. Such tax incentives for Zone 2 are as follows: – Exemption of […]
The Board of Investment of Thailand grants certain privileges to the promoted companies in each investment promotion zones. Today, we summarize the tax incentives granted to the projects in Zone 1 which includes Bangkok, Samut Prakan, Samut Sakhon, Nakhon Pathom, Nonthaburi and Pathum Thani. – 50% reduction of import duties on machinery for both inside […]
Call center business can be promoted by Thailand BOI under the category of international business process outsourcing (IBPO). However, only non-tax incentives will be granted for such projects. International Business IBPO services must be provided through the telecommunications network. Services may include the following activities: administrative support, finance and accounting, human resources, sales and marketing, customer support, […]
Thailand BOI has prescribed investment policies in order to relieve the fiscal burden of the government and to respond to current and future economic situations as follows: 1.1 The efficiency and effectiveness of tax privileges given shall be enhanced. Privileges shall be granted to projects that actually benefit the economy and good governance shall be […]
Foreigners who want to work in Thailand can apply for Residence Permit provided that the following qualifications are met: The applicant has to be in a position of executive officer such as President of Committee or Committee of juristic person registered in Thailand with a capital of at least Baht 10 million and is authorized […]
Thailand BOI has recently approved a new promotional incentive package to help small and medium enterprises (SMEs) increase capabilities. The Thai BOI also approved a new promotional incentive package to help existing SMEs enhance their machinery efficiency in order to boost their competitiveness. Thus, interested companies will have to apply for the incentives before 31 December […]
Thailand BOI question: As a company engaged in software business, can we include a car bought under the company’s name in our investment capital per BOI promotion condition? Answer: A car purchased in the company name can be considered part of investment. However, it must be reasonable. For an instance, you informed the BOI that […]
Question: When applying for a BOI promotion in Thailand, do we have to be interviewed by BOI officers? How long will it take for the interview? What questions do they usually ask? Answer: Yes, after submitting the application forms for Thailand BOI promotion to the Board of Investment, you need to contact the responsible officer to […]
Thailand BOI about TISO: Foreigners who wish to register their TISO or Trade and Investment Support Offices in Thailand must comply with the conditions as follows: Conditions: 1. Projects must be approved by relevant government agencies. 2. Annual operating expenses must not be less than Baht 10 million. 3. Must have a business plan and […]
Eligible applicants for Thailand BOI promotion can submit the application to the Board of Investment of Thailand. Hence, the Thailand BOI applies the following criteria in determining the suitability of a project for which investment promotion privileges are requested: 1. To determine approval for a project that requests promotion, the criteria are as follows: 1.1 Value […]