If your company in Thailand is engaged in service business and wants to hire more foreigners, but does not have 4 Thai employees for every foreign employee or does not want to increase your capital by Baht 2 M for every work permit, then BOI (Board of Investment) promotion may be the solution. As a BOI company at least you will get the following benefits:
1. Your company can be owned 100% by foreigners.
2. Your company can get more work permits for its foreign technicians or experts than non-BOI companies.
3. Your promoted company is permitted to own land which is to be used as its location to do the BOI promoted business only.
4. Your promoted company is allowed to transfer money to overseas in foreign currency.
Moreover, for some business activities promoted by the BOI, you may get many tax privileges.
Contact ThaiLawyers today for Thailand BOI advice.