What is a BOI company in Thailand?

The Thailand Board of Investment is a government supported organisation which has been designed to attract foreign investment in Thailand. A BOI support company can enjoy a range of benefits and incentives to help it succeed.

What is a BOI approval?

Approval from the BOI in Thailand allows qualifying companies to take advantage of many useful incentives. Such incentives include; 100% foreign ownership of a company, Tax incentives and exemptions and reduced requirements for obtaining Work Permits for foreign staff. These incentives are not available to traditional Thai company structures.

What is a BOI letter?

Once an application has been submitted to the BOI, they will inform the company in writing whether or not the application has been accepted. This letter is usually issued after seven working days. The approval letter will also include details about the benefits the company will be entitled to.

Can a foreigner open a company in Thailand?

Yes, it is possible for a foreigner to open a company in Thailand. There are also options available which allow 100% foreign owned companies as well.

How can a foreigner start a small business in Thailand?

Yes, foreigners can start a business in Thailand. However, certain business activities are restricted by the Foreign Business Act and in order for businesses to undertake them they must obtain a Foreign Business License/Certificate which can be time consuming and complicated.

Can i own a company in Thailand?

Yes, foreigners can start a business in Thailand. However, certain business activities are restricted by the Foreign Business Act and in order for businesses to undertake them they must obtain a Foreign Business License/Certificate which can be time consuming and complicated.

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