BOI Company Registration in Bangkok, Thailand
Board of Investment
What is BOI?
Board of investment of Thailand is a government agency under office of prime minister introduced in 1977 with promulgation of investment promotion act. Board of investment of Thailand aims to promote and attract valuable investment in Thailand to enhance Thailand’s global competitiveness and achieve sustainable growth in accordance with sufficiency economy philosophy.Thailand Board of Investment has introduced certain criteria for business projects who wishes to apply for incentives and privileges. Granting of these incentives and privileges depends on whether the business project falls under prioritized business as prescribed by Board of investment or not.
BOI priority sector are the agricultural, industrial and service sectors and these are further specified into sub sectors under each sector of the businesses that can apply for BOI registration.
What is registering your company under BOI means?
Registering the business under BOI gives you the status of privilege sector and builds your credibility in local and international market.
Moreover, the significant advantage of the BOI promoted companies comes in forms of Tax based incentives and Non - Tax based incentives on the basis of eligibility business criteria set by BOI.
Tax based incentives:
- Corporate tax incentive exemption for up to 8 years depending on activity of business
- Import duties exemption on imported for R&D purposes
- Import duties exemption of raw material or essential materials imported for use in production.
- Double deduction from the costs of transportation, electricity and water supply
Non - Tax based incentive
- Permission to own land and building
- Permission to remit money abroad in foreign currency
- Permission to bring skilled and expert workforce to work under approved business
How can we help you for BOI company application?
The BOI certification process is rigorous, time consuming, uptight with unexpected complications and if done improperly can jeopardize your resource investment and time. At PNP International Legal we assist you step by step process to ensure proper, efficient procedure is followed to avoid disappointment and ensure your business incorporation and certification is done in line with Thai legal system.
Contact Us to find out eligibility of your venture to enjoy privileges offered by BOI certification.
PNP International Legal will assist you through application process from filling till submission to make it as easy as it can be.
BOI ELIGIBLE ACTIVITIES AND BUSINESS SECTORS