We are very dedicated to our clients and always ready to deliver the best tailored solutions for your businesses. Our professional team of lawyers have extensive experience working with BOI and we maintain strong business relations in this field of business
The Thailand BOI (Board of Investment) is a government agency for encouraging investments in different businesses and particularly in key sectors in Thai economy by offering special tax incentives and non-tax incentives, work permits and other benefits to business.
BOI privileges vary business to business and the government agency under the Office of the Prime Minister closely checks how well your business fits the government strategic goal and development of the country in general. The Board of Investment Office prescribes the investment promotion policies under Investment Promotion Act with several resent amendments.
BOI Office pursuits for the most suitable projects for the investment promotions. Priorities are given to the businesses and projects which are important and have positive effect on economy, social and environment development and increase innovative technologies.
BOI Office assigns privileges, as well as tax and non-tax incentives based on the promoted industry and business sector. In overall there are seven BOI promoted business sectors with different scope of businesses.
If you receive BOI promotion, then you can apply and make your visa and work permit in One Stop Service Center. This center covers granting re-entry visa and visa type changes. All services are done at a single location within three-four hours from the time of submission of the required documents.
In 2013 corporate income tax has been reduced to 20%, it ranks Thailand as the 2nd lowest in the ASEAN countries. Additionally, companies with BOI promotion certificates expresses even greater corporate income tax. All this puts Kingdom in a competitive position against other counties.
For more information about business activities eligible for promotions you can check through the following links of the specific business sectors:
Permission to have 100% foreign
Up to 15 years exemption of Corporate Income Tax (CIT)
Permit to bring experts and skilled workers with their families
Permit foreigners to own land
|REGULAR THAI COMPANY SETUP||THAILAND BOI APPROVED COMPANY|
|Ratio of Thai to Foreign Employees||4:1||Negotiable based on requirements*|
|Effective Corporate Tax Rate||20%||0%**|
|Maximum Foreign Ownership||Restricted to 49%||100% is allowable|
|Import of Machinery||VAT Tax||No Tax|
“At Juslaws & Consult we are experts in setting up BOI companies in Thailand. With our many years of experience we ensure a smooth and transparent process, from the initial meeting to when your company is fully operational under the BOI.”