Is it possible to get BOI in Thailand for consulting business? If your company does consulting and needs many work permits for your foreign employees, you should read this post. To get Thailand BOI for consulting business, you will be looking at BOI activity 7.7 Trade and Investment Support Office (TISO), which covers advisory services on business operations (except those engaged in buying and selling securities and foreign currency exchange). To get BOI in Thailand for consulting business in the areas of accounting, legal, advertising, architectural and civil engineering businesses, you must obtain business licenses from the Department of Business Development or related governmental agencies before submitting a BOI application.
The important points to consider to get Thailand BOI for consulting business are that you need to have a business plan and your annual operating expenses must not be less than Baht 10 million.
Thailand BOI benefits to be given to your consulting business are only non-tax incentives which are as follows:
- get more Work Permits for foreign skilled employees and experts to work in your BOI promoted activities.
- can own land.
- can take out or remit money abroad in foreign currency.
Please note that there is no corporate tax exemption granted by Thailand BOI for consulting business.