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BOI Promotion

Leverage the benefits of Thailand's Board of Investment (BOI Promotion) for your business with our comprehensive support.

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The Board of Investment (BOI’s) commitment to promoting investment in Thailand is underscored by a robust set of incentives tailored to meet the diverse needs of businesses. By leveraging these incentives, companies can not only enhance their financial standing but also position themselves strategically in the dynamic Thai market. With AO’s guidance, your journey with BOI promotion becomes a seamless experience, unlocking a world of opportunities for your business in the Land of Smiles.

 

Introduction to BOI Promotion:

The Office of the BOI plays a pivotal role in facilitating and encouraging valuable investment in Thailand. As a government agency operating under the Office of the Prime Minister, the BOI focuses on fostering both inbound investments into Thailand and supporting Thai businesses looking to invest overseas. Businesses eligible for BOI promotion can avail themselves of a range of investment incentives, making it an attractive prospect for companies seeking to establish or expand their operations in the vibrant Thai market.

 

Investment Incentives:

The BOI offers a comprehensive set of incentives to eligible businesses, ranging from tax breaks to non-tax benefits and other unique advantages. These incentives are designed to provide significant support to companies engaged in diverse sectors. Some key incentives include:

 

Tax Incentives:

  1. Corporate Income Tax (CIT) Exemption: Eligible companies may enjoy a complete exemption from Corporate Income Tax, providing a substantial boost to their financial viability.
  2. 50% Reduction in CIT: Alternatively, businesses can benefit from a 50% reduction in Corporate Income Tax, further enhancing their competitive edge.
  3. Import Duty Exemptions: The BOI extends exemptions on import duties for raw materials used in research and development, as well as for essential machinery, fostering innovation and technological advancement.

Non-Tax Incentives:

  1. 100% Foreign Ownership: BOI promotes foreign investment by allowing businesses to have complete ownership, providing a conducive environment for international companies to thrive.
  2. Property Ownership: Foreign investors are permitted full ownership of property, offering greater flexibility in establishing a physical presence in Thailand.
  3. Skilled Workers and Experts: Companies under BOI promotion can benefit from favorable Thai-to-Foreigner employee ratios and expedited One-Stop-Service access for obtaining work permits to bring in skilled workers and experts, ensuring access to a talent pool that meets their specific needs.
  4. No Currency Restrictions: BOI eliminates restrictions on movement of foreign currencies, facilitating seamless international transactions and financial operations.

Other Incentives:

  • Smart Visas: Eligible companies can benefit from Smart Visas, streamlining the process for skilled professionals to work in Thailand, promoting knowledge transfer and expertise exchange.
 
Click Here To Learn More About: Board Of Investment (BOI Promotion)!

Want to consult about Your BOI Application? contact us

We have specialist team ready To get started for you. 

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Senior Legal Director

Point Of Contact

Khun Chuanpit is a Certified Lawyer and Notary Public who heads our legal services team that assists our clients in ensuring proper corporate set-ups and legal compliance. She joined AO in 2012 and holds her law degree from Ramkhamhaeng University. She also has an MBA from the University of Waikato in New Zealand and an Accounting Bachelor’s degree from Srinakarinwirot University.‍

Khun Chuanpit plays a key role in assisting clients with company formation and registration of business licenses and BOI applications. She also handles our clients’ corporate secretarial, visas and work permits, ongoing BOI compliance and other regulatory reporting.

Contact

The Most Frequent Questions

We offer a comprehensive range of services including Accounting, Finance and Thai Taxation Services, Payroll, Corporate Services, Legal Services, and International Tax. What sets us apart is our philosophy of "Global Excellence, Local Mastery." We provide world-class services tailored to the local business environment in Thailand and other international markets.

Our pricing is both competitive and transparent. We offer standard packages, but we also understand that every business is unique. Therefore, we offer customizable packages that can be tailored to meet your specific needs.

We work with a wide variety of businesses, ranging from startups to established corporations across various industries. While our expertise is broad, our localized knowledge allows us to offer specialized services tailored to different industry requirements.

If you have more questions?

Compliance is at the core of our services. Our team of experts stays up-to-date with the latest legal and financial regulations, both locally and internationally, ensuring that your business adheres to all current laws and best practices.

Our free consultation is a no-strings-attached session where we assess your business needs and challenges. There's absolutely no obligation to commit; the consultation is an opportunity for you to get to know us and for us to understand how we can best serve you.

Our team participates in ongoing training and professional development. We also closely monitor regulatory updates and industry trends, both in Thailand and globally, to ensure we're offering the most current and effective solutions to our clients.