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BOI (Board of Investment) Law, is a promotional policy created in 1954 when the government announced their Industrial Promotion Act. The government started actively subsidizing and promoting incentives for foreign businesses willing to open and operate in the Kingdom of Thailand. Through the Board of Investment law, the government guarantees not to interfere or nationalize foreign businesses. Thailand was the first country in this region to have such an investment law.
The Office of the Board of Investment is a government agency under the Office of the Prime Minister. Its main roles and responsibilities are to promote investment. Here are some of the main laws to protect a promoted person
Current Policy Board Of Investment
Since 1954, each new cabinet issues new policies to give more incentives and more support to foreign investment in Thailand. The most recent policy issued is the "Seven-Year Investment Promotion policy (2015 – 2021)". here are some details:
Why Set Up A BOI Company?
100% Foreign Ownership
Permission to have 100% foreign ownership
Visas & Work Permits
Permitted to bring in experts and skilled workers with their families
0% Tax
Up to 15 years exemption of Corporate Income Tax (CIT)
OWN LAND
Permits foreigners to own land
Thai Limited Company VS Board Of Investment Company
THAILAND
COMPANY LIMITED
BOI APPROVED
Ratio of Thai to Foreigner Employees
4:1
0%
Effective Corporate Tax Rate
20%
0%
Foreign Ownership
Restricted to 49%
100% is allowable
Import Machinery
Taxed
Duty Free*
Summary Board Of Investment Company
Applying for a Board Of Investment company set up can prove to be a trying affair. Juslaws & Consult has years of experience dealing with the officials at the BOI and can help make your application process painless. Don't hesitate to contact us for your FREE first consultation.