BOI Company

Get Into Asia has strong connections to the Thailand Board of Investment (BOI). After you set up your Thai company, if it qualifies you can then apply for BOI privileges. The BOI was set up to encourage overseas investors to bring in technology and manufacturing and to transfer their knowledge and technology to Thais.

The BOI helps investors in three key ways: To reduce the risks associated with investment, to reduce initial investment costs and to improve the overall rate of return on investment; and to provide support services at all times. Click here to learn about  Investment Policies and criteria 

BOI Incentives

Tax-based incentives include, but are not limited to:

1. An 8-year business tax holiday. The only taxes you will pay for any business done under BOI guidelines will be Value Added Tax (VAT), which is currently 7%. Business and service taxes are waived for the duration of the promotion period.
2. Waiver of import/export duties on any equipment, including software and hardware you wish to use in the company.

Non-tax incentives include:

1. Guaranteed visa and work permit for any foreign workers.
2. A BOI company can buy and own land 100% in the company name under strict BOI rules.
3. Remit profits or other monies overseas without restriction.

The minimum BOI investment you must agree to add to is stated in the  BOI Rules . The investment can be in the form of goods, equipment, or services purchased for your business. This investment may be over and above your incorporated paid up capital, depending on the BOI privileges you apply for.

We can help you apply successfully for BOI incentives. The usual time to gain BOI from start to finish should not exceed 60 days, provided you supply the documents and information required when asked.

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