How to do business with BOI

OSSCbizservices can assist with a complete BOI company registration package including planning, BOI application, BOI work permits, visa, accounting, and ongoing BOI company reporting and compliance.

Contact OSSCbizservices to find out if your company could start enjoying the benefits of BOI certification.

What is a BOI Company?

The Thailand Board of Investment (BOI) is a government body encouraging foreign investment in Thailand. A Thai company can enjoy a range of benefits from being certified by the BOI. Significant advantages of setting up a BOI company in Thailand include, but are not limited to significant tax waivers, multiple work permits without the requirement of showing four Thai employees per permit, four-hour processing times for work permits at One Stop Service Centre, and even the ability to own land, even if the company is majority controlled by non-Thai nationals.

BOI company benefits

Tax incentives

  • 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.

BOI company process and procedures

BOI company process and procedures

  1. Feasibility study

  2. BOI application and interview process

  3. BOI approval and acceptance of terms

  4. Registration of Thailand BOI company

  5. Single windows registration for BOI work permits and visa

  6. E-expert registration for BOI reporting & compliance

  7. BOI accounting report

Our expertise in BOI engagement and management makes the process smooth and optimal

Criteria for a 100% foreign ownership

BOI certification has the attractive benefit of supporting foreign shareholding of the company, often allowing 100% foreign ownership, even where the company’s business is included in List 2 and List 3 of the Foreign Business Act’s prohibited activities. Where the company’s activities are included in List 1 of the Act, the BOI will require the company have a minimum of 51% Thai ownership. The activities controlled by the Foreign Business Act are listed here. The BOI may set foreign shareholding limits if they think it appropriate.