KHONSU
BOI - Board of Investment Company
BOI - Board of Investment Company
We’ll review your documents, protect your interests, and ensure a risk-free transaction. Buying or renting property in Thailand? We provide full due diligence, draft contracts, represent you in negotiations, coordinate terms with the developer or seller, and oversee every step of the deal.
We work with condominiums, houses, land, and commercial properties.
Khonsu — your legal protection in every transaction.
We work with condominiums, houses, land, and commercial properties.
Khonsu — your legal protection in every transaction.
Licensed Thai attorney on the team
Fast and clear replies
Full transaction support
What is a BOI company in Thailand?
BOI (Board of Investment) is Thailand’s investment board, established to promote and support both foreign and domestic investments in the country. The BOI plays a key role in Thailand’s economic strategy, aiming to attract capital, technology, and experts in order to stimulate economic growth and the development of key sectors.
BOI Benefits
Tax exemptions, full foreign ownership, and streamlined business operations in Thailand.
- Foreign ownership100% foreign company ownership without the need for Thai partners.
- Tax incentivesExemption from corporate income tax for certain types of activities.
- Incentives for the import of raw materials.Reduction or exemption of import duties on raw materials and essential materials.
- Requirements for minimum capital.From 1 million baht of paid-up capital (depending on the category and type of project).
- Hiring foreign employees.Exemption from the requirement to hire four Thai employees for each foreigner.
- Exemption or reduction of taxes on dividends.Companies receiving BOI incentives in certain categories may be exempt from paying taxes on dividends.
- Permission to own land.The land must be used for carrying out activities corresponding to the approved project.
- Incentives on electricity and water.Double deduction from expenses on transportation, electricity, and water supply.
Step-by-step plan.
Evaluation of compliance with BOI requirements.
Will your application for a BOI license be successful? Our experts will review your business plans and inform you about your chances of success.
Preparation and submission of the BOI application.
We assist with preparing and submitting your BOI application, ensuring compliance for success.
Presentation of your project in BOI.
Our experts will work closely with you and your team to ensure you are fully prepared for the presentation.
BOI approval
Company registration, submission of an application for obtaining the Foreign Business Certificate.
Frequently Asked Questions (FAQ)
Here you’ll find answers to the most common questions foreign entrepreneurs ask when setting up a BOI company in Thailand. Didn’t find what you’re looking for? Send us a message — we’ll be happy to assist.
BOI approval in Thailand allows qualified companies to take advantage of a variety of beneficial incentives. These incentives include 100% foreign ownership of the company, tax exemptions and reductions, as well as relaxed requirements for obtaining work permits for foreign employees. These benefits are not available to traditional structures of Thai companies.
Foreigners who wish to work, do business, or engage in investment activities in Thailand are required to apply for the appropriate visa and work permit. Companies that have received BOI support can assist in obtaining visas and work permits for foreign employees and are subject to fewer requirements compared to traditional Thai companies.
In addition to specific tax incentives, the main benefits of BOI privileges include the possibility for foreigners to own up to 100% of the company’s shares, acquire land, and an easier process for obtaining visas and work permits:
TAX INCENTIVES
The tax privileges granted by BOI vary depending on the project’s category and location:
Other benefits provided to all BOI projects include:
TAX INCENTIVES
The tax privileges granted by BOI vary depending on the project’s category and location:
- Exemption from corporate income tax for up to 9 years
- Exemption or reduction of import duties on equipment and raw materials
- Exemption from dividend tax
- Deductions for transportation, electricity, and water supply costs
Other benefits provided to all BOI projects include:
- Ownership of up to 100% foreign shares
- A one-stop service center for obtaining visas and work permits with simplified criteria for foreign skilled workers
- Permission to own land
- Permission to transfer funds abroad in foreign currency
- Protection from company nationalization
- Agriculture and agricultural products
- Mining, ceramics, and basic metals
- Light industry
- Metal products, machinery, and transportation equipment
- Electronics industry and electrical appliances
- Chemical products, paper, and plastics
- Services and utilities
- Technology and innovation development
To receive BOI benefits for your company in Thailand, you need to go through the following steps:
- Conducting a business feasibility study
- Submitting an application to BOI and attending an interview
- Receiving BOI approval and accepting the proposed conditions
- Registering the company with BOI benefits in Thailand
- Obtaining work permits and visas
- Meeting necessary reporting and compliance requirements
Yes, foreigners can open a company in Thailand. There are also options that allow for the establishment of companies with 100% foreign ownership