What Is Thailand BOI

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Every country has its own Board of Investment organization which aspires to encourage foreign investments. It welcomes foreign investors to put up new businesses in the country which will increase its growth and development, thus, making the country progressive and industrialized.

Thailand, a highly progressive country has its own board of investment known as Thailand BOI, a government agency designated to accept and approve business registrations for both local and foreign investors. Its role, which is also its vision, is to encourage and promote important investments in the country to be able to attain sustainable growth in line with its economic policy.

Policies to Promote Investment of Thailand BOI

  • Encourage investments for local and overseas investors that augment national competitiveness.
  • Promote groups of investors to create concentration of business according to the potential of each region.
  • Encourage activities that do not harm nature.
  • Promote investments in the provinces and rural areas to boost the local economy.
  • Encourage economic zones to establish connectivity with other countries.
  • Promote foreign investments to boost its ability to compete with other countries.

Services of BOI

  • Provides information and advice for investment opportunities.
  • Gives support on linkage and local suppliers sourcing.
  • Provides a link between investors and government agencies as well as private sectors to expedite business operations.
  • Provides support in identifying potential investors.
  • Provides legal advice to foreign investors as well as training courses.
  • Provides services in the identification of overseas specialists and researchers.

Incentives on Investments

  • Tax Incentives
  1. Companies may be exempted to pay income taxes for a period of 13 years based on their activities and company standing.
  2. A reduction of 50% from income tax for a period of 5 years that can be availed by those with special investments.
  3. Exclusion of import taxes on machinery.
  4. Exclusion of import taxes on raw materials that are used for export production.
  5. Exclusion of import taxes on raw materials that are consumed for research as well as development.
  • Incentives for Non-Tax
  1. A foreigner can own a property.
  2. Foreign ownership of 100%.
  3. Authority to bring experts and skilled labourers to the country.
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