Benefits of having a BOI Company
Tax Incentives
BOI Company mainly enjoy 2 major benefits over a non BOI Company
- Exemption or reduction of import duties
- Exemption of a juristic person’s income tax and dividends
- Double deductions from the costs of transportation, electricity and water supply
- Eight-year corporate income tax exemption for:
Knowledge-based activities focussing on R&D and design to enhance Thailand’s competitiveness, or Activities in infrastructure for Thailand’s development, or Activities using advanced technology to create value-added
- Five-year corporate income tax exemption for:
High-technology activities which are important to Thailand’s development, with few investments already existing here.
- Three-year corporate income tax exemption for:
Activities with lower technology than above, but add value to domestic resources and supply-chain.
Non Tax Incentives
BOI Company mainly enjoy 2 major benefits over a non BOI Company
- Permits to bring in foreign skilled workers and experts
- Permit to own land Permit to remit money abroad in foreign currency
- Protection against nationalisation of the business
- The BOI will also announce a wide range of additional and often time-sensitive incentives for companies already operating under a BOI license.
Is BOI Company suitable for you?
BOI Company is suitable for businesses who are ready and intend to commit in doing business in Thailand for a long term.
Your Journey to owning a BOI Company in Thailand
2
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Determine your Business Activity & that it falls under the eligible activities
3
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You must be ready to invest at least THB3,000,000
4
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Register your Company & Build your Business Plan according to BOI Requirements
5
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Go for interview
List of eligible Business Activities for BOI Company
Our Fees to assist qualified businesses to setup a BOI Company in Thailand
All-inclusive: THB340,000
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Initial consultation of your business model to see whether it meets one of the eligible business activity
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Special checking with the BOI officer to find out the likelihood of approval for your case
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Assistance with completing the form according to BOI expectation
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Assistance with guiding and tweaking your business plan to meet BOI expectation
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Assistance and companion during the face-to-face interview process
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Obtain special advice from the BOI officer for necessary tweaks or correction
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Collection of BOI certificate
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Update of business registration at DBD and RD
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