Board of Investment Promotion
Get to know BOI
The Thailand Board of Investment (BOI) is a government agency under the Office of the Prime Minister. Its primary role is to encourage investment by offering various incentives to both Thai and foreign investors. The BOI focuses on promoting industries that align with Thailand's economic development goals, such as advanced manufacturing, technology, and sustainability.
Key Benefits of BOI Promotion
Companies that receive BOI promotion can access a variety of tax and non-tax incentives. They are designed to reduce initial investment costs and make it easier for businesses to establish and expand operations in Thailand.
Tax Incentives examples
Corporate Income Tax Exemption or Reduction: Up to 13 years, depending on conditions set out by BOI.
Import Duty Exemptions: On machinery and raw materials used in production.
Additional Deductions: For infrastructure construction and utility costs.
Etc.
Non-Tax Incentives examples
100% Foreign Ownership: Allowed in many sectors, even those typically restricted.
Land Ownership Rights: For BOI-promoted projects.
Facilitated Visa and Work Permits: Streamlined processes for foreign experts and technicians.
Reduction on Thai to foreigner employment ratio
Etc.
How to Get Promoted
To receive promotion from the Thailand Board of Investment (BOI), investors must submit an application outlining their proposed business project.
Approval is not automatic— your business idea needs to match one of the BOI’s target industries and promoted activities, which are mostly focused on boosting Thailand’s economy through innovation, tech, and sustainable development. Eligible activities can be updated annually, see the most recent promotion scheme at https://www.boi.go.th/
How We Help You Get BOI Promotion – Step by Step
Thinking about applying for BOI promotion? Great choice — and don’t worry, we’ll guide you every step of the way.
1. Getting Started: Preparing Your BOI Application
First, we’ll work closely with you to gather everything needed for your application. You won’t have to worry about filling out forms — we’ll handle that part for you. We’ll simply ask you questions about your business, collect the necessary documents, and prepare all the financial forecasts and numbers (with your approval, of course).
2. Submitting the Application
Once everything’s ready, we’ll take care of submitting the complete application to the BOI. Shortly after, we’ll coordinate with the BOI to schedule your project presentation. Sometimes, they may request a few more documents. Typically, they prefer to hear from the company owner or a senior team member who knows the business inside and out.
3. Approval Timeline
Depending on your project size, the BOI usually makes a decision within 40 to 90 days after receiving all required documents.
Once a decision is made, the BOI sends us a formal approval letter that includes the conditions and benefits granted (if approved), along with a promotion acceptance form for you to sign and return within one month. If you need to request changes to any conditions or privileges, that’s the time to do it — and yes, we’ll help you with that too.
4. Company Registration & Issuing the Certificate
To move forward, you’ll need to register your company in Thailand (if it’s not already set up) within six months of accepting the promotion. After that, we’ll prepare and submit all the documents needed to receive your official Investment Promotion Certificate, including:
Company registration documents
Details about shareholders and capital
Proof of foreign investment (if applicable)
Relevant contracts (like joint ventures or tech transfer agreements)
Utility and manpower requirement forms
Once submitted, the BOI will issue the promotion certificate — and from there, your company must simply comply with the conditions outlined in it.
💡 Good to know: You can still apply for BOI promotion even if your company is already established in Thailand.