THAILAND BOI


Thailand BOI company registration is one of the way foreigners may be able to own their Thai business 100%. The Board of Investment promotes investment in the country by offering two kinds of incentives to promoted projects, regardless of location: tax incentives (include exemption or reduction of import duties on machinery and raw materials, and corporate income tax exemptions) and non-tax incentives (include permission to bring in foreign workers, own land and take or remit foreign currency abroad.) Moreover, Thailand BOI offers privileges based on the location of the business in the Investment Promotion Zones throughout Thailand.

Thailand BOI promotion – eligible activities (Information as of January 2016 from www.boi.go.th)

 

BOI Eligible activities – Section 1: Agriculture and Agricultural Products, for example fertilisers, plant and animal breeding, forest plantation, deep sea fishery, packing and storing of vegetables and flowers, plant or animal fat, products from natural extracts, rubber, bio fuels, food additives, food supplement and cold storage.

 

BOI Eligible activities – Section 2: Mining, Ceramics and Basic Metals, for example prospecting minerals, potash mining and dressing, advanced or nano material products, glass and ceramic products, fire resistant materials, heat insulation materials, gypsum, steel, metal powder, ferro alloy, and coil centers.

 

BOI Eligible activities – Section 3: Light Industry, for example textiles, fabric sports equipment, musical instrument, furniture, toys, jewelry, lens, medical devices, and leather products.

 

BOI Eligible activities – Section 4: Metal Products, Machinery and Transport Equipment, for example, metal products or parts, surface treatment, machinery, equipment, automobiles, engines and parts, rubber tires, ships, aircrafts, fabrication industry or platform repair for petroleum industry and science equipment.

 

BOI Eligible activities – Section 5: Electronic Industry and Electrical Appliance, for example, electrical products, electrical equipment for industrial use, electronic products, transmission cable, parts for telecommunication products, printed circuit boards, solar cells, media for hard disk drive, flat panel display, software and E-commerce business.

 

BOI Eligible activities – Section 6: Chemicals, Paper and Plastics, for example, industrial chemicals, polymers, oil refineries, petrochemicals, plastic products for industrial goods, plastic packaging, recycled plastic products and medicines.

 

BOI Eligible activities – Section 7: Service and Public Utilities, for example, production of electricity, production of tap water, loading facilities for cargo ships, airports, mass transit system, distribution centers, international headquarters, international trading centers, trade investment support offices, energy service companies, real estate development for industrial use, cloud service, research and development, bio technology related services, engineering designs, scientific laboratories, calibration, sterilisation and waste treatment.

 

BOI Eligible activities – Section 8: About targeted core technology development, ie. Biotechnology, Nanotechnology, Advanced Material, Technology and Digital Technology


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Doing business in Thailand can be very complicated and may take you several weeks to complete the process. This is mainly due to the registration procedures and the required documents and forms being in Thai. It follows that you need someone you can trust and who is able to communicate in Thai on your behalf to be able to successfully review your company registration. Fischer & Partners licensed Thai lawyers and foreign attorneys/solicitors can take care of the legal points of setting up your business thereby making sure that all the necessary requirements are met.