Board of Investment Thailand (BOI)

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Promoting Investment Opportunities

The Thailand Board of Investment (BOI) was established in 1997 to facilitate investment incentives for both local and foreign entrepreneurs interested in the agency’s promoted activities. Operating under the Office of the Prime Minister, BOI aims to encourage valuable investments in Thailand and overseas by promoting various investment policies.

BOI’s Investment Policies

  • Enhancing national competitiveness through R&D, innovation, value creation, and fair competition.
  • Encouraging environmentally friendly, energy-saving, and alternative energy-driven investments.
  • Promoting clusters and regional potential.
  • Developing border provinces in Southern Thailand for local economic growth.
  • Establishing special economic zones to foster economic connectivity with neighboring countries.

Eligibility for BOI Promotion

To be eligible for BOI promotion, your business must fall within these categories:

  • Agriculture and Agricultural Products
  • Mining, Ceramics, and Basic Metals
  • Light Industry
  • Metal Products, Machinery, and Transport Equipment
  • Electronic Industry and Electric Appliances
  • Chemicals, Paper, and Plastics
  • Services and Public Utilities
  • Technology and Innovation Development

Recent BOI Measures to Promote Investments

  • Measures for improving production efficiency
  • Industrial development in border provinces in Southern Thailand
  • Investment promotion in Special Economic Zones

BOI Conditions and Privileges

  • Minimum capital investment must be at least 1 million Baht (excluding land and working capital).
  • Application submission deadline: December 30, 2020, with a three-year implementation period from the promotion certificate issuance.

Notable BOI Privileges

  • Tax incentives, including corporate income tax exemptions and reductions.
  • Exemption/reduction of import duties on machinery and materials.
  • Permission for foreign nationals to enter Thailand for investment opportunities.
  • Permit to bring skilled workers and experts into Thailand.
  • Permit to own land and remit money abroad in foreign currency.

BOI Application Process

  1. Preparation: Conduct feasibility studies and research your project.
  2. Submission: Submit your application and documents through the BOI Thailand e-service portal.
  3. Presentation and Evaluation: Present your business idea before the BOI committee, with approval timelines based on investment value.
  4. BOI Approval: After approval, receive details of conditions, privileges, and benefits granted.
  5. Company Registration: Establish a Thai company within six months of acceptance approval.
  6. Visa and Work Permit: Secure non-immigrant B visas and BOI work permits for foreign personnel.
  7. Progress Report and Compliance: Notify officials about project progress and adhere to BOI conditions.

BOI Thailand Contact Information

  • Address: 555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok 10900, Thailand
  • Tel: (+66) 2553 8111
  • Fax: (+66) 2553 8315
  • Website: www.boi.go.th

BOI Thailand promotes investments, offering incentives and opportunities for both local and foreign entrepreneurs looking to invest in Thailand’s growing economy.

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