A lot of investors think that when the projects are approved and BOI certificates are issued by Thailand Board of Investment, their income starting from then on is exempted from tax which is not correct. In fact, the eligible promoted investors, who are entitled to use the right and BOI benefits in accordance to Section […]
What are Thailand BOI benefits granted to companies providing international business process outsourcing services? If your services are provided through communication network such as administrative, finance, accounting, human resource, sales and marketing services, customer service, data processing, etc (or international business process outsourcing), you can get an investment promotion from Thailand Board of Investment and here […]
Thailand BOI benefits which took effect on 1 January 2015 are summarized below. These incentives announced by the Board of Investment are classified as activity based and merit based, which apply to Thailand BOI application submitted from 1 January 2015 onwards. 1. Activity-based incentives: New Thailand BOI incentives which are activity-based are classified into the following groups […]
As a way to give support to the industrial decentralization, the BOI will grant promotion status to existing activities in the Center area, whether being BOI-promoted or not, if they relocate to other regions. The following criteria for factory relocation are used: The operation must relocate from Zone 1 to Zone 2, or from Zone […]
Our BOI expert explained that the application is submitted to the Board of Investment only one time. Once you have been approved, we will file some more forms so you will get the BOI certificate, which we will translate for you and our job is done. With the certificate, you can hire your foreign employees […]
Thailand BOI promotes design center projects in the country. This activity, listed under Section 7, Service and Public Utilities, is classified as a priority activity that has a special importance and benefits to the country. In order to become eligible for Thailand BOI promotion, investors or entrepreneurs of such design center projects have to meet […]
Thailand BOI has one of the conditions for the company to have the minimum level of investment capital required for all types of activities eligible for Thailand BOI promotion of one million baht. This amount excludes cost of land and working capital. Oftentimes, there is so much confusion regarding the calculation of the investment capital therefore, to […]
The Industrial Estate Authority of Thailand (IEAT) law states that the free zone is designated for the operation of industrial activities, commercial activities or other business relating thereto, for the purpose of economics, national security, public well-being, environmental management or other necessities as prescribed by the Board of the IEAT, whereby goods taken into the […]
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 […]
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 […]