{"id":10894,"date":"2023-06-20T11:32:34","date_gmt":"2023-06-20T04:32:34","guid":{"rendered":"https:\/\/belaws.com\/thailand\/?p=10894"},"modified":"2025-01-29T10:39:29","modified_gmt":"2025-01-29T03:39:29","slug":"boi-company-formation","status":"publish","type":"post","link":"https:\/\/belaws.com\/thailand\/fr\/boi-formation-entreprise\/","title":{"rendered":"Cr\u00e9ation d'une soci\u00e9t\u00e9 BOI en Tha\u00eflande"},"content":{"rendered":"<section  class='av_textblock_section av-ks8kyyfa-e516bae24dd4ed4f78e7dedb0aea1067'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock breadcrumb'  itemprop=\"text\" >\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-18myty-919e5cb9f68131fb6240d9c12261edb4\">\n.av_font_icon.av-18myty-919e5cb9f68131fb6240d9c12261edb4 .av-icon-char{\nfont-size:11px;\nline-height:11px;\n}\n<\/style>\n<span  class='av_font_icon av-18myty-919e5cb9f68131fb6240d9c12261edb4 avia_animate_when_visible av-icon-style- avia-icon-pos-left av-no-color avia-icon-animate'><span class='av-icon-char' aria-hidden='true' data-av_icon='\ue874' data-av_iconfont='entypo-fontello' ><\/span><\/span>\n<div style=\"padding-left: 15px\"><span class=\"\"><a href=\"https:\/\/belaws.com\/thailand\/\">Belaws Home<\/a> \u203a\u203a <a href=\"https:\/\/belaws.com\/thailand\/\">Thailand<\/a> \u203a\u203a <a href=\"https:\/\/belaws.com\/thailand\/blog\">Blog<\/a>\u00a0\u203a\u203a <\/span>BOI Company Formation in Thailand<\/div>\n<\/div><\/section>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='av_section_1'  class='avia-section av-re718-f933e9e3a470259eecd4d4692aaacea2 main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-2  el_after_av_textblock  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-10894'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksd27few-1f8c384e085c379baccb5abbe326157c\">\n#top .hr.hr-invisible.av-ksd27few-1f8c384e085c379baccb5abbe326157c{\nheight:100px;\n}\n<\/style>\n<div  class='hr av-ksd27few-1f8c384e085c379baccb5abbe326157c hr-invisible  avia-builder-el-3  el_before_av_one_half  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-gmj0k-ac56bb06b98c278ca7684f46c4d7723e av_one_half  avia-builder-el-4  el_after_av_hr  el_before_av_one_half  first av-break-at-tablet flex_column_div '   ><p><section  class='av_textblock_section av-kscys0p5-d0fe1da2549b5d38fb08e5d3e4dbc794'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock sur-titre_bleu'  itemprop=\"text\" ><p>boi<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lra90-9ab3f8d48a81ed396ae07bbaafa596f6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h1_bleu_post'  itemprop=\"text\" ><h1>BOI Company Formation in Thailand<\/h1>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-b3jfo-03f63b84c9a76d84e1713c05a87923fd\">\n#top .hr.hr-invisible.av-b3jfo-03f63b84c9a76d84e1713c05a87923fd{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-b3jfo-03f63b84c9a76d84e1713c05a87923fd hr-invisible  avia-builder-el-7  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-kscyalj7-2ad25b68643e9517389c1de031001cff'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">20\/06\/2023<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-2mj4cc-546fb3795883e77cb448506a33b339b7'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">When establishing a company in Thailand, it is highly recommended to consider applying for a promotion from the Board of Investment (BOI). As a dedicated government agency, the BOI aims to attract foreign investment by offering exclusive incentives and benefits that regular companies cannot access. These advantages include tax exemptions, streamlined visa processes, infrastructure support, and more. By securing a BOI promotion, entrepreneurs can fast-track their entry into the Thai market and create a favorable business environment.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This blog post will explore the BOI and the process for obtaining a BOI promotion.<\/span><\/p>\n<\/div><\/section><\/p><\/div><div class='flex_column av-bmm5w-737f28be9bb008277e27311ae0eaf479 av_one_half  avia-builder-el-10  el_after_av_one_half  avia-builder-el-last  av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kscy8en7-daf8538aa548e0cb78c0e9409c406c30\">\n.avia-image-container.av-kscy8en7-daf8538aa548e0cb78c0e9409c406c30 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-kscy8en7-daf8538aa548e0cb78c0e9409c406c30 av-styling- avia-align-center  avia-builder-el-11  avia-builder-el-no-sibling  radius_10 img'  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-10895 avia-img-lazy-loading-not-10895 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/BOI-Company-Formation-in-Thailand.png\" alt='Investment opportunities in Thailand' title='Investment opportunities in Thailand'  height=\"800\" width=\"990\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/BOI-Company-Formation-in-Thailand.png 990w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/BOI-Company-Formation-in-Thailand-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/BOI-Company-Formation-in-Thailand-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/BOI-Company-Formation-in-Thailand-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/BOI-Company-Formation-in-Thailand-15x12.png 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/BOI-Company-Formation-in-Thailand-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/BOI-Company-Formation-in-Thailand-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/06\/BOI-Company-Formation-in-Thailand-705x570.png 705w\" sizes=\"(max-width: 990px) 100vw, 990px\" \/><\/div><\/div><\/div><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4\">\n.avia-section.av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4{\nbackground-color:#fafafa;\n}\n<\/style>\n<div id='av_section_2'  class='avia-section av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4 main_color avia-section-default avia-no-border-styling  avia-builder-el-12  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-10894'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksd2ivxm-023071e5c33e5c283329416739e1beb3\">\n#top .hr.hr-invisible.av-ksd2ivxm-023071e5c33e5c283329416739e1beb3{\nheight:60px;\n}\n<\/style>\n<div  class='hr av-ksd2ivxm-023071e5c33e5c283329416739e1beb3 hr-invisible  avia-builder-el-13  el_before_av_two_third  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-fpevw-aab8acce1826d370629f645f34d6bd3b av_two_third  avia-builder-el-14  el_after_av_hr  el_before_av_one_third  first av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lb329d7d-3f950f02b294bfa39eeb1b805d8d23d3\">\n#top .av_textblock_section.av-lb329d7d-3f950f02b294bfa39eeb1b805d8d23d3 .avia_textblock{\ncolor:#ffffff;\n}\n<\/style>\n<section  class='av_textblock_section av-lb329d7d-3f950f02b294bfa39eeb1b805d8d23d3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock post_text_highlighting av_inherit_color'  itemprop=\"text\" ><p style=\"text-align: left\">Key points<\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Tax benefits such as income tax exemptions for a fixed period.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">100% foreign ownership.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Reduced requirements for supporting work permits i.e., no quotas for hiring foreigners.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The ability to own land.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-kscytnto-6f8bd4ca8aa4b5f4311495ee3b7802c6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Why should entrepreneurs consider a BOI promotion in Thailand?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-8ohy4-ba2bc652f51fc02aca7b4faa3ec86cd2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">As mentioned above, companies approved for a BOI promotion are eligible for special incentives. It is important to note the tax incentives are dependent on which BOI promotion the company obtains. Therefore, not all BOI promotions are eligible for tax incentives.<\/span><\/p>\n<p><span style=\"font-weight: 400\">These BOI incentives could significantly benefit foreign companies looking to establish a presence in Thailand.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Incentives available include:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-litxel28-419436079f0e5c8aa918bbe1717d1f2c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>100% foreign ownership<\/b><\/p>\n<p><span style=\"font-weight: 400\">Depending on the business&#8217;s activities, foreign ownership of a regular Thai Limited company would be limited to 49.9%. This limitation is due to the Foreign Business Act and its restrictions on foreign-owned companies from undertaking certain business activities. For more information about this, please<\/span> <a href=\"https:\/\/belaws.com\/thailand\/foreign-business-act-in-thailand\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">take a look at this article<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">BOI-promoted companies are not subject to these restrictions and can be 100% foreign-owned.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj3rytpm-fbaf65aa22c1e03b6927243891a89cef'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>BOI companies and the Foreign Business Act<\/b><\/p>\n<p><span style=\"font-weight: 400\">Companies that receive a BOI promotion will be granted a <a href=\"https:\/\/osos.boi.go.th\/EN\/how-to\/147\/%E0%B9%84%E0%B8%94%E0%B9%89%E0%B8%A3%E0%B8%B1%E0%B8%9A%E0%B9%83%E0%B8%9A%E0%B8%AD%E0%B8%99%E0%B8%B8%E0%B8%8D%E0%B8%B2%E0%B8%95%E0%B8%9B%E0%B8%A3%E0%B8%B0%E0%B8%81%E0%B8%AD%E0%B8%9A%E0%B8%98%E0%B8%B8%E0%B8%A3%E0%B8%81%E0%B8%B4%E0%B8%88%E0%B8%95%E0%B9%88%E0%B8%B2%E0%B8%87%E0%B8%9B%E0%B8%A3%E0%B8%B0%E0%B9%80%E0%B8%97%E0%B8%A8--%E0%B9%83%E0%B8%9A%E0%B8%A3%E0%B8%B1%E0%B8%9A%E0%B8%A3%E0%B8%AD%E0%B8%87\/\" target=\"_blank\" rel=\"noopener\">Foreign Business Certificate<\/a>. The FBA restricts foreigners or foreign-owned companies from undertaking over 50 categories of business activities in Thailand; however, having a Foreign Business Certificate removes this restriction, and the company can undertake such activities.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Foreign Business Certificates will be granted to all companies that receive a promotion from the BOI. <\/span><span style=\"font-weight: 400\">This is a significant benefit as it removes many barriers to business in Thailand.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">More information on the Foreign Business Act can be found <\/span><a href=\"https:\/\/belaws.com\/thailand\/foreign-business-act-in-thailand\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">here<\/span><\/a><span style=\"font-weight: 400\">.<\/span><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj3rz8lc-1f4fcf1f5726f6b37de4ddb5b87eca6d'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>The reduced quota for hiring foreign employees<\/b><\/p>\n<p><span style=\"font-weight: 400\">Unlike other company structures, BOI-promoted companies are not subject to any quotas when hiring foreign skilled employees. For example, Thai Limited Companies cannot hire a foreign employee unless the following quotas are satisfied:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A ratio of 4:1 Thai to foreign employees. Essentially, there must be 4 Thai employees employed by the company per 1 foreign employee.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Removing this quota removes a massive barrier to employing foreign staff and is a huge advantage to a BOI promotion.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj3rzkaa-da9d58c7af3aafc99a7ead9cc7b3974e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>Other non-tax incentives:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Permit to <\/span><a href=\"https:\/\/belaws.com\/thailand\/land-ownership-rights\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">own land<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Streamlined visa and work permit processes\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Permit to remit money abroad in foreign currency<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The BOI will also announce a wide range of additional and often time-sensitive incentives for companies already operating under a BOI license.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj3rzuyy-797c80306de3f86c7cb230f6afcb9ecd'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>Tax Incentives:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Exemption or reduction of import duties<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Exemption of a juristic person\u2019s income tax and dividends<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Double deductions from the costs of transportation, electricity, and water supply<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Eight-year corporate income tax exemption for:<\/span>\n<ol>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Knowledge-based activities focussing on R&amp;D and design to enhance Thailand\u2019s competitiveness, or<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Activities in infrastructure for Thailand\u2019s development, or<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Activities using advanced technology to create value-added<\/span><\/li>\n<\/ol>\n<\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Five-year corporate income tax exemption for:<\/span>\n<ol>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">High-technology activities are important to Thailand\u2019s development, with few investments already existing here.<\/span><\/li>\n<\/ol>\n<\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Three-year corporate income tax exemption for:<\/span>\n<ol>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Activities with lower technology than above add value to domestic resources and supply-chain.<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-893pgz-417cf0891102d15fa8bff673921feb47\">\n#top .hr.hr-invisible.av-893pgz-417cf0891102d15fa8bff673921feb47{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-893pgz-417cf0891102d15fa8bff673921feb47 hr-invisible  avia-builder-el-23  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-gfh9xy-e0bde1d55d8468f28ed18b9996433e48'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Who can apply for a BOI promotion?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-dksn8m-8a3788d84dfb83d2abe7e575458a98c8'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Various types of companies can apply for a BOI promotion in Thailand. The BOI promotes investment in specific target sectors, including manufacturing, technology, research and development, tourism, agriculture, and renewable energy. Eligibility criteria and incentives may vary depending on the sector and the specific activities conducted by the company.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The following sections are the areas in which companies may be eligible to receive a promotion:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj3s1e7g-14d2af17b70024d80377b6bf1f2cc164'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Section 1: Agriculture, Food, and Biotechnology Industry<\/span><\/p>\n<p><span style=\"font-weight: 400\">Section 2: Medical Industry<\/span><\/p>\n<p><span style=\"font-weight: 400\">Section 3: Machinery and Vehicles Industry<\/span><\/p>\n<p><span style=\"font-weight: 400\">Section 4: Electrical Appliances and Electronics Industry<\/span><\/p>\n<p><span style=\"font-weight: 400\">Section 5: Metal and Material Industry<\/span><\/p>\n<p><span style=\"font-weight: 400\">Section 6: Chemical and Petrochemical Industry<\/span><\/p>\n<p><span style=\"font-weight: 400\">Section 7: Public Utilities<\/span><\/p>\n<p><span style=\"font-weight: 400\">Section 8: Digital Industry<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-bxixyu-13a47cec5e18968dc4f6c3e10a93cecf\">\n#top .hr.hr-invisible.av-bxixyu-13a47cec5e18968dc4f6c3e10a93cecf{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-bxixyu-13a47cec5e18968dc4f6c3e10a93cecf hr-invisible  avia-builder-el-27  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-2uxm2u-5026684a4ada939707226fca38a07231'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What is the process for registering a BOI company in Thailand?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lahyf3ht-068db732d71cb564f73f65a8f0d62588'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>1) Feasibility Study<\/b><\/p>\n<p><span style=\"font-weight: 400\">A business feasibility study enables companies to assess a BOI application&#8217;s viability and chances of success.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The feasibility study is an important process as it could save the client time and effort in the long run. Belaws BOI experts are available to help you undertake a business feasibility check. For more information, please <\/span><a href=\"https:\/\/belaws.com\/thailand\/incorporation\/business-feasibility-check\/\"><span style=\"font-weight: 400\">click here<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Timeline: 3 business days<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lik1rllh-54f458ff18bec400be199f1e0a116d43'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>2) BOI application and interview process<\/b><\/p>\n<p><span style=\"font-weight: 400\">As part of the application process, companies must submit application forms relating to the company\u2019s specific business category.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Information required by the BOI includes:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">The total amount of registered capital and how the company will provide this capital.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Information on the company\u2019s project<\/span><\/li>\n<li><span style=\"font-weight: 400\">Employee details e.g. the number of foreign and Thai employees the company anticipates hiring<\/span><\/li>\n<li><span style=\"font-weight: 400\">Information regarding the management team\u2019s skills and experience<\/span><\/li>\n<li><span style=\"font-weight: 400\">Estimated earnings and expenses of the company for its initial three years<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj2m581b-84f1fd9f0f51cf0167fdbad60c3b597e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Once the application is submitted, a BOI officer will review it and often ask for complementary information. The BOI Officer notably checks that the numbers input in the business plan match and make economic sense. The back and forth can continue until the BOI officer is satisfied with the complementary answers (from 2 to more than 10 for complex projects with high capital investment).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Following the application acceptance, a meeting is convened at the BOI office with the applicant to present the project. The meeting usually takes around one hour.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj2m5dzu-703727f8029445d124408b74b9a76c7c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Following the meeting, the BOI officer will present the project at the next BOI Officer meeting for approval. Some applications get approved quickly and some others get dragged with additional questions that can\u2019t delay the acceptance of some projects up to one year when the BOI application has not been well structured.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Timeline: 3 to 5 months<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj3s3ads-66638ea7b10f4956110b118bac297c77'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>3) BOI approval and acceptance of Terms<\/b><\/p>\n<p><span style=\"font-weight: 400\">The BOI offices will notify the applicant in writing their decisions within 7 days. This notification will outline the criteria of approval, BOI privileges, and perks awarded to the applicant. The applicant has\u00a0 30 days to accept or not the conditions of the BOI. If the applicant does not respond within 30 days, they must send a letter of clarification to the BOI explaining why they missed the deadline (extensions of 30 days may be granted up to 3 times at the BOI\u2019s discretion).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Timeline: 1 month<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj3s3vqo-5b1fd9cf988adc760188dbbdd79f3cd0'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>4) BOI Company Registration in Thailand and BOI License<\/b><\/p>\n<p><span style=\"font-weight: 400\">After approval for acquiring a BOI promotion, a limited company must be registered in Thailand within six months of acceptance approval. Please note that if the applicant has already incorporated a company in Thailand, this company can be used for the BOI promotion. To do so, the company&#8217;s capital must be increased to the amount requested by the BOI for its promotion. The funds used to increase the capital must be transferred from abroad. The company will also be required to show proof of the capital transfer from abroad all the relevant and updated documents listed below.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj3s43ai-e78afdb732316fdc04a3240abb840a7d'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">To obtain the BOI License, the following documents, the applicant will have to submit the following documents:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Application form for BOI promotion certificate<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Memorandum of association of the company<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Certificate of company registration<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A certificate stating the registered capital, authorized directors indicating signing authority and the registered address<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Shareholder list of the company<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Evidence of the transfer of funds from overseas corresponding to the minimum capital requirement requested by the BOI as per the BOI approval letter<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj3s4a0r-76189ff286bafb14cfedad40450f5bb1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Should this not be possible the applicant must send an explanation letter to the BOI seeking an extension of the deadline by four months (this can be done up to three times).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Timeline: 1 month<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj3s4l9w-068bef162a13f2c5e8ba7a88940506ce'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>5) Foreign Business Certificate<\/b><\/p>\n<p><span style=\"font-weight: 400\">If the business activities for which the BOI Certificate has been granted include activities regulated under the Foreign Business Act (really likely), a Foreign Business Certificate allowing the company to undertake the said regulated activities is required.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Timeline: 2 weeks<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj3s4x2a-243af9651d93fa01fe47c415a6cca6bf'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>6) BOI Work Permits and Visa<\/b><\/p>\n<p><span style=\"font-weight: 400\">For the company to be able to hire foreign staff, they must register their company into the e-expert system. Registration on the e-expert system will allow the company to make future requests for foreign workers.<\/span><\/p>\n<p><span style=\"font-weight: 400\">After a job post has been submitted, opened, and accepted through the e-expert system, the applicant may apply for their visa and a work permit at the BOI one-stop service center (OSOS).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Timeline: 1 month<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj3s5gzk-842ea333555db9a761486997deca9b05'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>7) BOI Reporting and Compliance<\/b><\/p>\n<p><span style=\"font-weight: 400\">After the company has received its investment promotion certificate, it must meet the following requirements:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Within 30 months, the machinery and equipment must be imported to benefit from the reduction of taxes and duties<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Within 36 months, construction must be completed, the machinery and equipment installed, and the factory ready to commence operations.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The company must ask for permission from the BOI if the operation has to be halted for longer than two months.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The BOI must give written permission before a promoted company may mortgage, sell, lease, or transfer machinery which was imported, either exempt from, or at a lower tax rate. Additionally, permission must also be obtained to use machinery for non-approved purposes.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj3s5qjf-0d29197caa916e5f556ee8ff1a8e6e4a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Should a company not satisfy any of the requirements set out by the BOI, The BOI will issue an official warning notice to the offending company. If there is no valid reason for the failure, the BOI may recommend to the Board that the promotion be withdrawn.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lj3s66az-52a1d49dfb773b5a85e7c55e23b0ef9a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>8) BOI Accounting<\/b><\/p>\n<p><span style=\"font-weight: 400\">While BOI-promoted companies are eligible for attractive incentives, they are also subject to specific regulations and additional regulatory scrutiny.<\/span><\/p>\n<p><span style=\"font-weight: 400\">One of the things that is often checked is your company accounts; it\u2019s important to remember that accounting does not lie, so make sure you are aware of this.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moreover, BOI companies will receive special accounting requirements for their specific promotion category. Please also note that BOI companies must adhere to the same mandatory reporting requirements for VAT, WHT, and SSF, and the filing of half-year and yearly auditing.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">For more information on BOI accounting, please check out our article <\/span><a href=\"https:\/\/belaws.com\/thailand\/accounting-services-boi-company\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">here<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4bsh7i-1853d6b6c18558b15dfd3e19aca78a67\">\n#top .hr.hr-invisible.av-4bsh7i-1853d6b6c18558b15dfd3e19aca78a67{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-4bsh7i-1853d6b6c18558b15dfd3e19aca78a67 hr-invisible  avia-builder-el-42  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-nezvns-0a38283e543d69061143fab36feefe51'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>How can Belaws help?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-piq7pq-352ad1978fbef97bedc9d4eca64dbbcb'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>For more information about BOI companies in Thailand, why not talk to one of our experts now?<\/p>\n<\/div><\/section><br \/>\n<div  class='avia-button-wrap avia-button-left  avia-builder-el-45  el_after_av_textblock  el_before_av_textblock  bouton-cta' ><a href=\"https:\/\/wa.me\/+66636955945\" class=\"avia-button av-2rocsm-ad93c683973fd17f09fcd73d6f5e78e0 avia-icon_select-yes-right-icon avia-size-large avia-position-left avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Talk to an expert<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\uf232' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n<section  class='av_textblock_section av-202agu-c2abc468d489a64dbd7aa9abcb6a5ea1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>If you want to learn more about how our experts can help with your accounting and secretary needs, please click\u00a0<a href=\"https:\/\/belaws.com\/thailand\/accounting-secretary\/\" target=\"_blank\" rel=\"noopener\">here<\/a>. For more details about our incorporation services, please click<a href=\"https:\/\/belaws.com\/thailand\/incorporation\/\" target=\"_blank\" rel=\"noopener\">\u00a0here.<\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-q93pwe-6d5bb40d417741c03ce1e2231424ffaa'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><em>Please note that this article is for information purposes only and <strong>does not constitute legal advice<\/strong>.<\/em><\/p>\n<\/div><\/section><br \/>\n<div  class='av-social-sharing-box av-l4rstf25-09aa8edfee9bfff0c66b62d8ea68b23c av-social-sharing-box-default  avia-builder-el-48  el_after_av_textblock  el_before_av_hr  av-social-sharing-box-fullwidth'><div class=\"av-share-box\"><h5 class='av-share-link-description av-no-toc '>Share this post<\/h5><ul class=\"av-share-box-list noLightbox\"><li class='av-share-link av-social-link-facebook' 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class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><a href=\"https:\/\/calendly.com\/belaws\/legalthailand?utm_source=belaws&amp;utm_medium=website&amp;utm_content=thailand-immediate-consultation&amp;month=2022-09\" class=\"avia_image\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class='wp-image-6668 avia-img-lazy-loading-not-6668 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-300x242.png\" alt='Immediate Consultation' title='Immediate Consultation'  height=\"242\" width=\"300\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation.png 990w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-705x570.png 705w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksll297i-ac8feca4576cdd5bdd6e22d214756788\">\n#top .hr.hr-invisible.av-ksll297i-ac8feca4576cdd5bdd6e22d214756788{\nheight:25px;\n}\n<\/style>\n<div  class='hr av-ksll297i-ac8feca4576cdd5bdd6e22d214756788 hr-invisible  avia-builder-el-54  el_after_av_image  el_before_av_button '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<div  class='avia-button-wrap avia-button-center  avia-builder-el-55  el_after_av_hr  el_before_av_hr  bouton-cta' ><a href=\"https:\/\/calendly.com\/vbapartners\/legalconsultation\" class=\"avia-button av-j4oxcr-e0ea6afbeeb7bdc081b7ce55f0ab0b6f avia-icon_select-yes-right-icon avia-size-large avia-position-center avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Book now<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\ue871' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50\">\n#top .hr.hr-invisible.av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50{\nheight:25px;\n}\n<\/style>\n<div  class='hr av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50 hr-invisible  avia-builder-el-56  el_after_av_button  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-p84k-4017eaf9b1649a60b0ff810854b78620'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_14'  itemprop=\"text\" ><p>Our consultations last for a period of up to 1 hour and are conducted by expert Lawyers who are fluent in English, French and Thai.<\/p>\n<p>Consultations can be hosted via WhatsApp or Video Conferencing software for your convenience. A consultation with one of our legal experts is undoubtedly the best way to get all the information you need and answer any questions you may have about your new business or project.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6\">\n#top .hr.hr-invisible.av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6{\nheight:15px;\n}\n<\/style>\n<div  class='hr av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6 hr-invisible  avia-builder-el-58  el_after_av_textblock  el_before_av_codeblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<br \/>\n<br \/>\n<br \/>\n<br \/>\n<\/p><\/div><\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69\">\n.avia-section.av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69{\nbackground-color:#dfeef6;\n}\n<\/style>\n<div id='av_section_3'  class='avia-section av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69 main_color avia-section-default avia-no-border-styling  avia-builder-el-64  el_after_av_section  el_before_av_one_full  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-10894'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641\">\n#top .hr.hr-invisible.av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641 hr-invisible  avia-builder-el-65  el_before_av_textblock  avia-builder-el-first  av-desktop-hide av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<section  class='av_textblock_section av-e8bwe9-42a5aa99fe46b76eb6bea8fd40de44ad'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h3_bleu'  itemprop=\"text\" ><h3 style=\"text-align: left\">Frequently asked questions<\/h3>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-37pzrl-0e2130f093209067c90d3f6b04c2d251\">\n#top .hr.hr-invisible.av-37pzrl-0e2130f093209067c90d3f6b04c2d251{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-37pzrl-0e2130f093209067c90d3f6b04c2d251 hr-invisible  avia-builder-el-67  el_after_av_textblock  el_before_av_toggle_container  av-desktop-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div  class='togglecontainer av-lj6fok53-5033a2aaa594fb7b06874914f564ae07  avia-builder-el-68  el_after_av_hr  avia-builder-el-last  av-accordion-style-2 toggle_close_all'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/FAQPage\" >\n<section class='av_toggle_section av-lj6fmyeh-07ce02af4562a1f9201f5b9f22c8abb8'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-1' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-1'>What is Boi company Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-1' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-&#091;#444654&#093; sm:AIPRM__conversation__response\">\n<div class=\"flex p-4 gap-4 text-base md:gap-6 md:max-w-2xl lg:max-w-&#091;38rem&#093; xl:max-w-3xl md:py-6 lg:px-0 m-auto\">\n<div class=\"relative flex w-&#091;calc(100%-50px)&#093; flex-col gap-1 md:gap-3 lg:w-&#091;calc(100%-115px)&#093;\">\n<div class=\"flex flex-grow flex-col gap-3\">\n<div class=\"min-h-&#091;20px&#093; flex flex-col items-start gap-4 whitespace-pre-wrap break-words\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light AIPRM__conversation__response\">\n<p>A BOI company in Thailand refers to a company that has obtained a promotion from the Board of Investment (BOI). BOI promotions provide exclusive incentives and benefits to attract foreign investment. These incentives include tax exemptions, streamlined visa processes, infrastructure support, 100% foreign ownership, reduced quotas for hiring foreign employees, permits<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lj6fm02e-8f16d81ebfd4aea8b3b19853adaa55da'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-2' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-2'>What are the requirements for a Boi in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-2' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p><strong>Requirements for a BOI in Thailand:<\/strong><br \/>\nTo qualify for a Board of Investment (BOI) promotion in Thailand, various types of companies can apply in specific target sectors such as manufacturing, technology, research and development, tourism, agriculture, and renewable energy. The eligibility criteria and incentives may vary depending on the sector and the specific activities conducted by the company.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lj6fm5rh-16d6519b519f66d24ed423cbd701316d'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-3' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-3'>Can foreigners set up company in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-3' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes, foreigners can set up a company in Thailand. However, certain restrictions apply depending on the business activities. For regular Thai limited companies, foreign ownership is typically limited to 49.9% due to the Foreign Business Act. However, companies that receive a BOI promotion are exempt from these restrictions and can be 100% foreign-owned.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lj6fme7k-db528e881be2fcd2f98a214f2ff2a1ef'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-4' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-4'>How do I register my company in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-4' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>To register a company in Thailand, the following steps are generally involved:<\/p>\n<ol>\n<li>Feasibility Study: Conduct a feasibility study to assess the viability of the BOI application.<\/li>\n<li>BOI Application and Interview Process: Submit the required application forms and provide information about the company&#8217;s capital, project, employees, management team, and financial projections. The BOI officer will review the application and may ask for additional information. An interview with the BOI may also be required.<\/li>\n<li>BOI Approval and Acceptance of Terms: The BOI will notify the applicant of its decision within 7 days. The applicant has 30 days to accept the conditions of the BOI promotion.<\/li>\n<li>BOI Company Registration and License: Register the limited company within six months of BOI approval. The applicant may use an existing company, provided its capital is increased to meet the BOI&#8217;s requirements. Submit the required documents, such as the application form, memorandum of association, shareholder list, and evidence of capital transfer from abroad.<\/li>\n<li>Foreign Business Certificate: If the approved activities are regulated under the Foreign Business Act, obtain a Foreign Business Certificate.<\/li>\n<li>BOI Work Permits and Visa: Register the company in the e-expert system to hire foreign staff. Apply for work permits and visas at the BOI one-stop service center.<\/li>\n<li>BOI Reporting and Compliance: Comply with the BOI&#8217;s requirements, such as importing machinery and equipment, completing construction, and obtaining permission for certain actions.<\/li>\n<li>BOI Accounting: Adhere to specific accounting requirements for BOI-promoted companies and fulfill mandatory reporting obligations for VAT, withholding tax, social security funds, and auditing.<\/li>\n<\/ol>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lj6fmlgc-1ac68aaaa69fa686e4a81555f1faede4'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-5' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-5'>How much does it cost to register a business in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-5' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The cost of registering a business in Thailand depends on various factors, such as the type of company, capital requirements, legal fees, and other related expenses. It is advisable to consult with professionals or seek legal advice to determine the exact cost based on your specific circumstances.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lj6fms9a-6a17d1f62bf7dc28b4a25de53ee888fe'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-6' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-6'>How do I get Boi approval?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-6' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>To obtain BOI approval, you need to follow the application process outlined by the BOI. This includes submitting the required forms, providing information about your business project, capital, employees, and management team. The BOI officer will review your application and may request additional information. Once the application is accepted, a meeting will be held at the BOI office to present the project. The BOI officer will then present the project for approval at the next BOI Officer meeting. The timeline for BOI approval can range from 3 to 5 months.<\/p>\n<\/div><\/div><\/div><\/section>\n<\/div>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='after_section_3'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-10894'><div class='entry-content-wrapper clearfix'><\/p>\n<div class='flex_column av-qqtyiz-0d401a2ec3b1be9fe8b6b4ff052340e0 av_one_full  avia-builder-el-69  el_after_av_section  el_before_av_section  avia-builder-el-no-sibling  first flex_column_div '   ><section  class='av_textblock_section av-2jjczv-f8cba9213d57d135389f2377189c4f87'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Related articles<\/h2>\n<\/div><\/section><br \/>\n<div id='av-masonry-1' class='av-masonry av-2fkee3-133dd75036f55971520b4b95c617589e noHover av-flex-size av-large-gap av-hover-overlay-active av-masonry-animation-active av-masonry-col-3 av-caption-always av-caption-style- av-masonry-entries '><div class=\"av-masonry-container isotope av-js-disabled\"><div class='av-masonry-entry isotope-item av-masonry-item-no-image '><\/div><a href=\"https:\/\/belaws.com\/thailand\/fr\/sponsored-work-permit-in-thailand\/\" id=\"av-masonry-1-item-7458\" data-av-masonry-item=\"7458\" class=\"av-masonry-entry isotope-item post-7458 post type-post status-publish format-standard has-post-thumbnail hentry category-visa category-news category-thailand tag-visa-thailand  av-masonry-item-with-image\" title=\"Sponsored Work Permits in Thailand\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div 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https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/PEO-Article.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >Sponsored Work Permit in Thailand<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >15\/06\/2022<br \/>\r\nSponsored Work Permits in Thailand provide employee management services and administrative assistance.<\/div><span class='av-masonry-date meta-color updated'>juin 15, 2022<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>par jonathan<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a 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in Thailand\" alt=\"boi visa &amp; work permit thailand BOI approves new investment schemes in Thailand\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >BOI approves new investment schemes in Thailand<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >21\/06\/2022<br \/>\r\nBOI Thailand approves new investment schemes and incentives worth 209.5 billion baht (US 6.2 billion).<\/div><span class='av-masonry-date meta-color updated'>juin 21, 2022<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>par jonathan<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/fr\/work-from-home-amendment\/\" id=\"av-masonry-1-item-8310\" data-av-masonry-item=\"8310\" class=\"av-masonry-entry isotope-item post-8310 post type-post status-publish format-standard has-post-thumbnail hentry category-legal tag-thailand  av-masonry-item-with-image\" title=\"Thailand is considering a new Labor law for Work-from-Home arrangements\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-8311 avia-img-lazy-loading-not-8311\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/08\/Thailand-is-considering-a-new-Labor-law-for-Work-from-Home-arrangements-705x570.png\" title=\"Thailand is considering a new Labor law for Work-from-Home arrangements\" alt=\"Thailand is considering a new Labor law for Work-from-Home arrangements\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/08\/Thailand-is-considering-a-new-Labor-law-for-Work-from-Home-arrangements-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/08\/Thailand-is-considering-a-new-Labor-law-for-Work-from-Home-arrangements-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/08\/Thailand-is-considering-a-new-Labor-law-for-Work-from-Home-arrangements-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/08\/Thailand-is-considering-a-new-Labor-law-for-Work-from-Home-arrangements-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/08\/Thailand-is-considering-a-new-Labor-law-for-Work-from-Home-arrangements-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/08\/Thailand-is-considering-a-new-Labor-law-for-Work-from-Home-arrangements-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/08\/Thailand-is-considering-a-new-Labor-law-for-Work-from-Home-arrangements.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >Thailand is considering a new Labor law for Work-from-Home arrangements<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >23\/08\/2022<br \/>\r\nThe Thai parliament has recently passed the first reading of the so-called Work-from-home Bill, which seeks to amend the country\u2019s Labour Protection Act (LPA).<\/div><span class='av-masonry-date meta-color updated'>ao\u00fbt 23, 2022<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>par jonathan<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" 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