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 […]
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 […]
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 […]