BOI in Thailand

The Board of Investment (BOI) in Thailand

The Thai government established the Board of Investment (BOI) to provide investment incentives for both foreign and local entrepreneurs who are interested in investing in the agency’s promoted activities.  BOI aims to promote valuable investment, both investment into Thailand and Thai overseas investment.  Investment promotion policies were adjusted in order to attract more businessmen; decentralize Thailand’s industrial base and respond to future economic situations.

The Thai government established the Board of Investment (BOI) to provide investment incentives for both foreign and local entrepreneurs who are interested in investing in the agency’s promoted activities.  BOI aims to promote valuable investment, both investment into Thailand and Thai overseas investment.  Investment promotion policies were adjusted in order to attract more businessmen; decentralize Thailand’s industrial base and respond to future economic situations. 

  1. Agriculture and Agricultural Products;
  2. Mining, Ceramics and Basic Metals;
  3. Light Industry;
  4. Metal Products, Machinery and Transport Equipment;
  5. Electronic Industry and Electric Appliances;
  6. Chemicals, Paper and Plastics;
  7. Services and Public Utilities; and
  8. Technology and Innovation Development.

Applications for specific projects must met the following
conditions set by the Board:

  1. The minimum capital investment must not be less than 1 million Baht (excluding cost of land and working capital).
  2. The application must be submitted by December 30, 2020, and project must complete implementation within three years from the date the promotion certificate is issued.

To gain project approval, the investment must meet the
following criteria:

  1. In order to develop competitiveness in the agricultural, industrial and service sectors, project submitted for BOI promotion
    must have the following qualifications:
    1. The value-added of the project must not be less than 20% of revenues
    2. Modern production processes must be used.
    3. New machinery must be used.
  2. Environmental protection; and
  3. Minimum capital investment and project feasibility.

What are the privileges and incentives granted by the BOI?

There are two significant privileges offered by the BOI for promoted projects are:

1.          Tax privileges
2.          Non-Tax privileges

Our Service

Submission of applications to the Board of Investment can best be done through assistance of a competent law firm in order to understand the legal processes as well as the relevant laws and regulations.  Our team of corporate lawyers can deal with these applications for any time of project from start until your business receives its Investment Promotion Certificate (IPC).  We are pleased to provide you for a general information on this area through our free consultation.