BOI : THE BEST TOOL FOR FOERIGN INVESTORS
BOI is a government unit established to attract both Thai and foreign investors to the country. They promote certain business by giving tax and non-tax privileges.
- Tax Privileges : corporate income tax, custom tax, etc.
- Non-Tax Privileges : land owner ship, immigration benefit, etc.
As mentioned above, for foreign investors, they can take an advantage from the non-tax benefits to be 100% foreign owned company without applying for FBL. The FBL and BOI applications are actually similar (in terms of details for filing) but not the same! The FBL is a license which requires you to obtain while BOI is a promotion that comes with benefits.
SOME SAMPLES OF BUSINESS ELIGIBLE FOR BOI
The business they promote is adjustable almost every year depending on the government policy. The business eligible to apply for BOI varies from time to time depending on the current policy from government, here are some samples:
E-Commerce
Trade and Investment Support Office (TISO)
Energy Service Company
Data Center
Biotechnology
Digital Technology
Production of Films
Check out BOI website for the last updated eligible business and information here.
Laws related to this topic: Investment Promotion Act B.E. 2520 (1977) with the last amendment No. 3 B.E. 2544 (2001)