Why start a business through the Thailand BOI?

Going through the Thailand Board of Investment (BOI) is something that many companies may seek to do as there are a number of incentives and benefits that can be gained by applying for Thailand’s BOI promoted status. Many of these benefits and incentives have been mentioned in a previous article and are too complex to be discussed in detail again. You can read about the full list of benefits here. Generally speaking the benefits are tax advantages as well advantages with regards to applying for and obtaining a work permit. All of this is obviously advantageous to the companies concerned as this is designed to encourage more investment into Thailand from overseas companies.

For many potential entrepreneurs in Thailand, they are often confused with the steps they need to go though in applying for BOI promotion. The best summary is sourced directly from the office of the BOI, as it outlines the process simply in the following chart:

Thailand BOI process

*Source: Office of the Board of Investment

The process of applying for the privileges is again shown in another flowchart that is as below:

Thailand BOI process

*Source: Office of the Board of Investment

Using this information as a guide, entrepreneurs and potential investors can get an idea about the Thailand BOI process in general, and make their own decision if they would like to go down this path for their business. So long as your business meets the requirements under the specific category you are applying for, you will find that the staff in the board of investment are helpful and eager to assist your new business in Thailand. We can also help to advise you in more detail on your specific circumstances, so get in touch with one of our Thai BOI specialists, today.

The information provided is correct at the time of writing but is subject to change. It is always advisable to speak to an expert to get correct, up to date advice prior to commencing your business.