Application Secrets: Why BOI Projects Get Rejected

Applying for BOI promotion is not just "filling out a form." It is presenting a Project Proposal to the Thai government. Even high-value companies face rejection if they fail to understand the BOI's internal logic.

 

Reason 1: Insufficient Value-Add

If you are simply importing finished goods and repacking them in Thailand, you aren't "manufacturing" in the BOI's eyes. You must demonstrate a Transformation of Raw Materials or a high level of technical skill.

 

Reason 2: Financial Unviability

The BOI looks at your Debt-to-Equity (D/E) Ratio. Usually, they require a ratio of no more than 3:1. If your project relies too heavily on loans without enough committed capital, they will reject it as being "high risk" for the Thai economy.

 

Reason 3: Vague Machinery Descriptions

Saying "I am buying a computer" is not enough. You must specify the technical specs and how they directly enable the promoted activity. Vague equipment lists are a primary reason for applications being stalled or sent back for revision.

 

Rule of Thumb

The BOI wants to see how you will Train Thais, Invest Capital, and Modernize Industry. If your application focuses only on "How much tax I want to save," it will likely fail.

 

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Related Service: BOI Promotion & Incentives — We audit your project proposal before submission to maximize approval chances.