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Board of Investment Application

Established In 1997 to provide investment incentives for both foreign and local entrepreneurs.

Providing incentives for investment the BOI is an important step for many companies establishing a business in Thailand. 

The application process is very detailed and just as important are the monthly reporting requirements once an application is accepted.

Not following the BOI rules can quickly get your business disqualified so its a good idea to work closely with a lawyer and accountant. 

As we provide both legal and accounting services we can provide a comprehensive service for you and allow you to get on with the business of your business.

Contact us for a free consultation
Phone our hotline: 096 165 1936

Tax incentives
  • Exemption/reduction of import duties on machinery.(section 28/29)

  • Reduction of import duties for raw or essential materials.(section 30)

  • Exemption of juristic person’s income tax and dividends.(section 31 and 34)

  • A 50 percent reduction of the juristic person’s income tax.(section 35(1)) 

  • Double deductions from the costs of transportation, electricity and water supply.(section 35(2))

  • Additional 25 percent deduction of the cost of installation or construction of facilities.(section 35(3)

  • Exemption of import duty on raw or essential materials for use in production for export.(section 36)

Non-Tax incentives
  • Permit for foreign nationals to enter the Kingdom for the purpose of studying investment opportunities.(section 24)

  • Permit to bring into the Kingdom skilled workers and experts to work in investment promoted activities.(section 25 and 26)

  • Permit to own land.(section 27)

  • Permit to take out or remit money abroad in foreign currency.(section 37)
  • The State will not nationalize the activity of the promoted person. (section 43)
  • The State will not undertake a new activity in competition with the promoted person’s. (section 44)

  • The State will not monopolize the sale of products similar to the promoted person’s.(section 45)

  • The State will not impose price controls on the products of the promoted person’s.(section 46)

  • The State will grant permission to export at all times.(section 47)

  • The State will not allow any government agency, government organization or state enterprise to import any kind of the product being produced by the promoted person into the Kingdom by granting import duty exemption.(section 48)
  • To charge extra import fees into the Kingdom on products similar to those produced by the promoted person at a rate not exceeding 50 percent of the price of overseas insurance and freight charges, effective for a period of not more than one year. (section 49)

  • In the case of where the Board is of the opinion that Section 49 is inadequate for protecting the activity of the promoted person. it will increase the measure by banning the import of products similar to the local productions. (section 50)

  • In the case where the promoted person encounters any problem or obstacles in the course of carrying out the promoted activity, the Chairman will have the power to render any appropriate assistance.(section 51)
A Guide to The Board of Investment View Download

A BOI Business Guide to Thailand 2011 View Download

Investment Services

Assistance in Setting Up a Business

The BOI offers a range of valuable business-related services to the international investment community. The office helps prospective investors and promoted firms in obtaining official permits and documents required for conducting business, including visas, work permits and permanent residency permits. The BOI also assists investors in gaining access to utilities such as water, electricity and telecommunications.

Information on Investment Opportunities

The Investment Services Center and the Regional Investment Promotion Division maintain comprehensive information on investment opportunities in Thailand, both by sector and by region. Information and investment advice is readily available to both Thai and foreign investors at no charge.

BUILD: Industrial Subcontracting

The BOI Unit for Industrial Linkage Development (BUILD) encourages growth in supporting industries in Thailand. BUILD provides information on subcontracting opportunities and offers its support to buyer firms seeking sourcing networks in Thailand. It helps small and medium-sized Thai suppliers achieve standards required to enter into productive subcontracting arrangements.

BUILD's extensive database on subcontractors in Thailand provides matchmaking services for firms seeking specific components or raw materials. BUILD has the Vendors Meets Customers Program, which promotes subcontracting by arranging factory visits to electronics and automotive assemblers.

ASEAN Supporting Industry Database (ASID)

The BOI developed the ASEAN Supporting Industry Database (ASID) on behalf of ASEAN as part of that organization's efforts to increase awareness of supporting industries in member countries. 

A free service, ASID, which is located on the Internet at www.asidnet.org contains information about more than 17,000 supporting industry companies in 2007. 

ASID serves as a regional "Yellow Pages," through which businessmen can shop for cost-effective products that meet their company's needs. They can compare designs and specifications and view catalogues online, thereby enabling them to make informed sourcing decisions. 

ASID also offers ASEAN manufacturers the opportunity to be marketed not only within the region, but throughout the world, as ASID is online, enabling potential customers to access their information around-the-clock.

Foreign Experts Services Unit

To facilitate the process of bringing in foreign experts, either to conduct feasibility studies or who are skilled experts or technicians, the BOI has created a unit to expedite the paperwork involved. The Foreign Expert Services Unit works with companies and experts to certify the expertise of the foreign experts and technicians, and advises applicants about documents required by the One-Stop Service Center for Visas and Work Permits. The Foreign Expert Services Unit is located at 18th Floor, Chamchuri Square Building, Phayathai Road, Pathumwan, Bangkok 10330. The telephone number is (662) 209 1100 ext. 1163-1176. 

Investment Matchmaking

The BOI provides investment matchmaking services to both Thai and Foreign investors seeking cooperation in the areas of technology, management and marketing. In additions, the BOI offers a matchmaking service for investors in regional areas looking for joint-venture partners from Bangkok and abroad, as well as for firms that want to invest in provincial areas. To request BOI help with matchmaking, please use the online matchmaking form.

Investor Club Association

The Investor Club Association is a private membership organization within the BOI, serving the interests and needs of Thailand's investment community. Providing the most up-to-date information on Thailand's investment environment and rules and procedures concerning investment promotion, the Investor Club Association distributes information and serves as a networking organization for its members. 

Companies that belong to the BOI's Investor Club Association (IC) are eligible to use the IC's Raw Materials Tracking System. For companies that take advantage of this service, release of raw materials can be done in three hours or less. The Investor Club is located at: 1, TP & T Tower, 16 Floor, Soi 19, Vibhavadi Rangsit Rd. 
Tel: 936-1429-40, Fax: (662) 936-1442. 
The Investor Club maintains a website at www.ic.or.th and can be reached by email at: investor@ic.or.th

Shayne Leon van Vlerken,
Jan 11, 2012, 8:44 PM
Shayne Leon van Vlerken,
Jan 11, 2012, 8:43 PM