Is it necessary to set up a company before applying for BOI promotion?

To get the promotion from the Board of Investment of Thailand (BOI), an applicant can be a juristic person, a natural person or foundation. The BOI does not require the applicant to establish the company at the date of application but when the BOI project is approved and before getting the certificate, the company must be set up.

The procedures for company registration and Thailand BOI promotion, therefore, can be done at the same time. However, at the beginning, the eligible applicant on behalf of the company where will be established have to be sui juris or independent having full of legal ability regardless of nationalities. It does not matter also if the applicant is still not sure about the location of factory, except for the province; because other details can be informed to the BOI after the project gets approved. Though the information can be changed or amended after obtaining a certificate, please note that every operation with an officer always takes time to review and consider the application. The details of location should be specified as much as possible because it may affect the benefits and conditions in some projects such as manufacturing of electrical products for example.

Contact to know more about company registration, visa & work permit and BOI promotion in Thailand. If you are interested in getting BOI certificate for your business, please kindly send us your business plan and process in order to categorize your type of business in the Thailand BOI list of eligible activities.