One of the Thai Board of Investment (BOI) criteria for investment promotion is the amount of capital investment and project feasibility. In this article, we talk about the minimum capital investment required for each project to register the company under the BOI promotion.
In general, the minimum capital investment required for each project is one million Baht (which should exclude the cost of land and working capital), unless specified otherwise in the list of eligible activities for promotion that is announced by the Board.
For knowledge-based activities (i.e. software project), the required minimum capital is based on the minimum annual salary expenses specified in the list of eligible activities for investment promotion.
For newly established projects, the debt-to-equity ratio must not exceed 3 to1. Expansion projects shall be considered on a case-by-case basis.
For projects with investment value of over 2,000 million Baht (excluding cost of land and working capital), the project’s feasibility study must be submitted with details as specified by the Board.
Are you planning to set up your company under the Thai BOI promotion? Contact Thai Lawyers for consultation and expert advice.