BOI - Professional Board of Investment company set up in Thailand
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+66 2254 4117

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Board of investment

What is BOI in Thailand?

BOI – Board of Investment law, is a promotion policy created in 1954 when the government announced the Industrial Promotion Act, B.E.  Since then, the government started actively subsidizing and promoting incentives for foreign businesses willing to open and operate in Kingdom of Thailand. Through the Board of Investment law, government guarantees not to interfere or nationalize foreign businesses. Thailand was the first country in this region to have 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. The Board of Investment prescribe the investment promotion policies under investment promotion ACT B.E. 2520 and Amendment Acts No.2 B.E. 2534 and No.3 B.E. 2544.

The State shall not nationalize the activity of the promoted person.

The State shall not undertake a new activity in competition with the promoted person.

The State shall not monopolize the sale of products or commodities of the same kind as, or similar to those produced or assembled by the promoted person.

The State will not control the price of the products or commodities of the promoted activity also the promoted person shall be granted permission to export products or commodities of the promoted activity.

The State shall not allow any government agency, government organization or state enterprise to import into the Kingdom, with import duties exempted any kind as those being produced or assembled by the promoted person, which are comparable in quality therewith and are available in sufficient quantity to be acquire for its use.

Current Policy of BOI

Since the information of the department in 1954, each new cabinet issues new policy to give more incentives year to support foreign investment in Thailand. Most recent policy is the “Seven-Year Investment Promotion policy (2015 – 2021)”.

Investment Promotion Policies:

Promote investment that helps enhance competitiveness by encouraging R&D, innovation, value creation in the agricultural, industrial, and services sectors, SMEs, fair competition, and reduce social economic disparity.

Promote Activities that environment-friendly, save energy or use alternative energy to drive balanced and sustainable growth.

Promote clusters to create investment concentration in accordance with regional potential and to strengthen value chains.

Promote investment in border provinces in Southern Thailand to help develop the local economy, which will support efforts to enhance security in the area.

Promote special economic zones, especially in border areas, both inside and outside industrial estates, to create economic connectivity with neighboring countries and to prepare to entrance ASEAN Economic Community (AEC)

Promote Thai overseas investment to enhance the competitiveness of Thai businesses and Thailand’s role in the global economy.

Why set-up a BOI company

100% Foreign Ownership

Permission to have 100% foreign ownership

Visas & Work Permits

Permit to bring experts and skilled workers with their family

0% Tax

Up to 15 years exemption of Corporate income Tax (CIT)


Permit foreigners to own land




Ratio of Thai to Foreigner Employees



Effective Corporate Tax Rate



Maximum Foreign Ownership

Restricted to 49%

100% is allowable

Import Machinery


No Tax*

* For further information please check Tax Incentives under BOI and Incentives according to Business activities

How do we work with BOI?

The Juslaws & Consult’s team lawyers provides a full range of support for the clients opening and starting their business under BOI – Board of Investment promotion in Thailand. The team of corporate lawyers in dedicated and always ready to deliver the best tailored solutions for your businesses.
Our team consists of professional experts work closely with BOI officers and has 12 years of experience working with BOI. Prestigious directories and legal publications highlight the preeminence of Juslaws’ corporate law practice and its professionals in their yearly rankings. Since our team of lawyers received accurate information from clients, we will submit and work our best during the process to ensure our clients can get BOI approval to start the business and success in Kingdom of Thailand.


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+66 2254 4117


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+66 7630 4353