Thailand BOI Company Registration Services
Navigating the Thailand Board of Investment (BOI) application process is a critical step for foreign investors seeking to maximize their business potential in the Kingdom. At PS Law & Business, our team of experienced Bangkok-based lawyers specializes in guiding international clients through every stage of the BOI company registration, ensuring a smooth and successful outcome. We help you unlock significant benefits, including tax exemptions, 100% foreign ownership, and streamlined visa and work permit processes.
What is the Thailand Board of Investment (BOI)?
The Board of Investment is a Thai government agency that promotes foreign investment in specific industries that align with the country's development goals. By obtaining BOI promotion, your company gains a certificate that grants special rights and privileges not available to standard foreign-owned companies. This is the most effective way for foreigners to own and operate certain businesses in Thailand with maximum control and incentives.
Key Benefits of BOI Promotion
Securing a BOI promotion offers substantial advantages for foreign investors. The table below summarizes the most attractive incentives available.
| Incentive Type | Description of Benefit |
|---|---|
| Tax Incentives | Exemption from corporate income tax for up to 13 years, and reduction of import duties on machinery and raw materials. |
| 100% Foreign Ownership | Allows foreigners to own 100% of the company shares in sectors normally restricted by the Foreign Business Act. |
| Land Ownership | Grants the right for the foreign-owned company to own land in Thailand for its operations. |
| Visa & Work Permits | Facilitates a streamlined process for obtaining non-immigrant B visas and work permits for foreign directors, staff, and their families. |
| No Export Requirement | Unlike some other business structures, many BOI-promoted companies do not have an export condition. |
Eligibility Criteria for BOI Application
To be eligible for BOI promotion, your business must operate within one of the designated categories. Our role is to help you determine if your business activity qualifies and to prepare the application to maximize your chances of approval. Key considerations include:
- The type of business activity.
- The use of advanced technology or contribution to Thailand's R&D.
- Investment in specific promoted zones or industrial estates.
- Minimum capital investment requirements (typically at least 1 million THB, excluding land and working capital).
For a detailed assessment of your eligibility, we recommend a consultation with our legal team.
Our BOI Company Registration Process
We provide end-to-end support for your BOI application and company setup. Our service is structured to be transparent and efficient.
Step 1: Initial Consultation and Eligibility Check
We analyze your business plan to confirm it aligns with BOI's current policies and promoted activities.
Step 2: Application Preparation and Submission
We prepare all necessary documentation, including the detailed application form and supporting business projections, and submit it to the BOI on your behalf.
Step 3: BOI Interview and Presentation
Our lawyers will accompany and represent you during the official interview with BOI officers, clarifying any questions about your project.
Step 4: Receiving the Promotion Certificate
Upon approval, we assist you in accepting the terms and receiving the official BOI Promotion Certificate.
Step 5: Company Registration and Post-Approval Compliance
Following BOI approval, we proceed with the company registration with the Ministry of Commerce. We also manage other essential steps like VAT registration and opening corporate bank accounts, and provide ongoing notary services as needed.
Why Choose PS Law & Business for Your BOI Application?
Choosing the right legal partner is crucial. Our firm offers:
- Expert Knowledge: Deep understanding of BOI policies and a high success rate.
- English-Speaking Lawyers: Clear, professional communication throughout the entire process.
- Transparent Fees: We provide a clear fee structure with no hidden costs.
- Full-Service Firm: We can also assist with immigration matters, labor contracts, and other ongoing legal needs for your business.
Contact Us for a BOI Consultation
Ready to start your business in Thailand with the full benefits of BOI promotion? Contact PS Law & Business today to schedule a consultation with our foreign investment specialists.
Frequently Asked Questions (FAQ)
Q1: What are the main advantages of getting BOI promotion in Thailand?
A1: Key advantages include potential for 100% foreign ownership, significant corporate income tax exemptions, exemptions on import duties for machinery and raw materials, permission to own land, and streamlined visa and work permit processes for foreign experts.
Q2: Does my business need to be in a specific industry to qualify for BOI?
A2: Yes, the BOI promotes specific business activities that are deemed beneficial to Thailand's economy. These are updated periodically and cover a wide range of sectors including technology, manufacturing, services, and agriculture. Our team can help assess if your business activity is eligible.
Q3: What is the minimum investment required for BOI promotion?
A3: Generally, the minimum investment capital (excluding cost of land and working capital) is 1 million Thai Baht. However, this can vary depending on the specific activity being promoted.
Q4: How long does the BOI application process usually take?
A4: The processing time can vary depending on the investment amount, type of activity, and completeness of the application. It generally takes between 40 to 90 working days from the date of submission of all required documents.
Q5: Can PS Law & Business help with registering the company after BOI approval?
A5: Absolutely. PS Law & Business provides comprehensive services that include the registration of your Thai limited company with the Department of Business Development (DBD) after receiving BOI approval.
Q6: Do I need to be in Thailand to apply for BOI promotion?
A6: While physical presence may be required for certain steps like interviews, much of the initial application process can be handled by our legal team on your behalf. We can guide you on the specific requirements.
