BOI 103: Bringing in Foreign Talent with Ease
Scaling a tech or specialized manufacturing business in Thailand often requires bringing in foreign experts. Under standard Thai law, this is difficult: you must hire 4 Thai employees and have 2 million THB in capital for every one foreign work permit.
The BOI Advantage
The Board of Investment recognizes that "Skills Transfer" is vital. For promoted companies:
- No Fixed Ratio: The BOI approves foreign positions based on the Technical Necessity of your project, not a rigid mathematical formula.
- One Start One Stop Center (OSOS): BOI companies process visas and work permits at a dedicated, high-speed center in Chamchuri Square, rather than the standard Immigration bureaus.
- LTR Visa Access: Investors and experts under BOI promotion are the primary candidates for the 10-Year Long Term Resident (LTR) Visa.
The Impact on Scale
If you are a software startup with 5 founders, a standard company would require you to hire 20 Thais immediately. A BOI company can launch with 5 expats and 2-3 local admins, allowing you to grow your payroll as your revenue increases, not before.
Related Service: BOI Promotion & Incentives — We handle your visa processing and expat hiring approvals.
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