What is BOI Promotion?
If there's one thing every foreign investor in Thailand should understand, it's BOI Promotion. It's not just a tax incentive—it's a complete game-changer for your business structure.
What is BOI?
The Board of Investment (BOI) is a Thai government agency that promotes foreign investment in strategic sectors. When your company receives "BOI promotion," you gain access to a package of powerful incentives.
What BOI Promotion Provides
1. 100% Foreign Ownership
The biggest benefit: you can own your Thai company entirely. No Thai shareholders required, no 49% limit.
2. Tax Exemptions
- Corporate income tax exemption for up to 8 years
- 0% import duty on machinery and equipment
- Additional deductions for training and R&D
3. Work Permit Advantages
- No 4:1 Thai-to-foreign staff ratio
- Faster work permit processing (1 day at One-Stop Service)
- Lower capital requirements per foreigner
4. Land Rights
BOI-promoted companies can own land for business operations in designated areas.
Who Can Get BOI Promotion?
BOI promotes specific activities, not industries broadly. Key categories include:
- Software development (Category 5.8)
- Digital services
- Electronics manufacturing
- Food processing
- Automotive parts
- Medical devices
- Regional headquarters
Is Your Business Eligible?
The key question is whether your business activity matches a promoted category. Even if you're not sure, it's worth checking—many entrepreneurs are surprised to find they qualify.
Related Service: BOI Promotion & Investment Incentives — We handle the entire BOI application process for you.
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