Board of Investment - BOI Service

The Board of Investment in Thailand was created by the Thai government to encourage development in the industrial and commercial sector of Thailand . The Board of Investment also referred to as the BOI has a criteria for any projects applying for generous incentives and privileges under the scheme.

The Board of Investment (BOI) is a government agency that encourages the certain types of investment in priority areas through giving out special privileges pertaining to taxes, land ownership, foreign land ownership, and work permit for foreign workers.

A BOI promoted company is entitled to tax privileges. Moreover, a BOI promoted company with foreign ownership is also permitted to own land, to engage in certain restricted businesses under the Foreign Business Act without the need to apply for the foreign business license, and to bring in foreign technicians and experts to work on the promoted project. At NARIT & Associates , we minimize your time and effort in filling the BOI application.

In addition to handling BOI application, we also advise clients on BOI tax privileges, a commencing date for a tax free period, non-BOI business, loss carry forward of BOI business, double deductibility of certain expenses and exemption of dividend payment made by a BOI promoted company.

Privileges & Promotions

PRIVILEGES

• Application for Promotion
• Land Ownership
• Clearance of Imported Machinery
• Clearance of Raw Material
• Project Monitoring

PROMOTIONS

• Foreign Skilled Technicians & Experts
• BOI Non-Immigrant Visa
• BOI Work Permit
• One Stop Service Center

Amongst other requirements for a project with investment capital (excluding cost of land and working capital) however not exceeding 500 million baht, the following criteria is used:

The value added is not less than 20 percent of sales revenue, except projects that manufacture electronic products and parts or process agricultural produce, and projects granted special approval by the Board;

Ratio of liabilities to registered capital should not exceed 3 to 1 for a newly established project. Expansion projects shall be considered on a case by case basis;

Modern production processes and new machinery are used. In cases where old machinery will be used, its efficiency must be certified by reliable institutions and the Board's approval must be obtained;

Adequate environmental protection systems are installed. For projects with a potential environmental threat, the Board shall prescribe special conditions on both the location of the project and the manner of pollution treatment.

JWS Consulting Company Limited

99 / 19 Moo1, 2 nd Floor, Praphuket Road, Kathu, Kathu, Phuket 83120 Thailand

Tel : +(66) 076 304 400 Fax : +(66) 076 304 401
Hotline : +(66) 084 746 3838
Email : info@jwsconsulting.co.th