Board of Investment - BOI Service

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.

The Board of Investment (BOI) in Thailand was formed to encourage development in the industrial and commercial sector of Thailand . The Board of Investment has criteria for projects wishing to avail of generous incentives and privileges under the scheme.

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 a foreign business license, and to bring in foreign technicians and experts to work on the promoted project.

JWS Consulting is adept in handling pertinent matters relating to BOI Certificate concerns including BOI tax privileges, commencing date for a tax free period, non-BOI business, loss carry forward of BOI business, double deductibility of certain expenses, exemption of dividend payment made by a BOI promoted company, etc.

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

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

• The value added is not less than 20 percent of sales revenue, except for 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 newly established projects.
• Expansion projects shall be considered on a case to 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 prescribes 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