Question 1

What is a BOI company in Thailand and what are the benefits?

Accepted Answer

A BOI company in Thailand is a business entity that has received investment promotion from the Thailand Board of Investment, offering significant advantages including up to 100% foreign ownership, corporate income tax exemptions for qualifying activities, exemption from Foreign Business Act restrictions, and no limitations on hiring foreign skilled employees. BOI companies can operate in restricted sectors and enjoy streamlined regulatory processes. Belaws specializes in BOI applications with expert guidance through the entire process from eligibility assessment to post-approval compliance. Our corporate experts handle all aspects of BOI licensing, ensuring your application maximizes available incentives while meeting all regulatory requirements.

Question 2

How long does it take to get BOI approval in Thailand in 2025?

Accepted Answer

BOI approval in Thailand typically takes 6-10 weeks from application submission, including initial review, presentation to BOI officers, and final approval. The process includes eligibility assessment (3 business days), application preparation and filing (1-2 weeks), pitch presentation (1-2 weeks after submission), and post-approval company registration and compliance (3-5 weeks total). Belaws streamlines this timeline through our established relationships with BOI officers and comprehensive preparation. Our expert team handles all documentation, presentation coaching, and follow-up, often achieving faster approvals than the standard timeline through our proven methodology and deep BOI expertise.

Question 3

What are the minimum capital requirements for a BOI company in Thailand?

Accepted Answer

BOI companies require minimum paid-up capital starting from 1 million THB, varying by project category and business activities. Manufacturing projects typically require higher capital than service businesses, and the amount must be transferred from abroad to qualify for BOI benefits. Specific capital requirements depend on your industry sector and projected business scale. Belaws conducts thorough capital requirement analysis for your specific project and assists with optimal capital structuring. Our experts help determine the appropriate capital level to maximize BOI benefits while meeting your business needs, and we coordinate the international fund transfer process to ensure full compliance.

Question 4

Can a BOI company be 100% foreign-owned in Thailand?

Accepted Answer

Yes, BOI companies can be 100% foreign-owned, which is one of the most significant advantages of BOI promotion. This exempts qualifying businesses from the Foreign Business Act restrictions that typically require 51% Thai ownership. BOI approval allows foreign investors to maintain full control and ownership of their Thai operations in sectors normally restricted to Thai nationals. Belaws specializes in structuring 100% foreign-owned BOI companies and ensures your business activities qualify for this benefit. Our expertise in BOI regulations helps foreign investors maximize their ownership potential while maintaining full compliance with all promotional requirements and conditions.

Question 5

What tax incentives do BOI companies receive in Thailand?

Accepted Answer

BOI companies enjoy substantial tax incentives including corporate income tax exemptions for 3-8 years depending on the promoted activity, import duty exemptions on machinery and raw materials, and potential additional incentives for locating in specific economic zones. Some projects qualify for additional benefits like reduced corporate tax rates after the exemption period and accelerated depreciation allowances. Belaws provides comprehensive tax incentive analysis and helps structure your BOI application to maximize available benefits. Our tax experts ensure you understand all incentive conditions and maintain compliance to preserve benefits throughout the promotional period, optimizing your overall tax position in Thailand.

Question 6

Why choose Belaws for BOI company applications in Thailand?

Accepted Answer

Belaws offers unparalleled BOI expertise with corporate experts who handle all aspects of BOI licensing from eligibility assessment to post-approval compliance. Our comprehensive service includes preparing 3-year business plans, coaching for BOI officer presentations, coordinating international fund transfers, and ensuring ongoing compliance requirements. We provide transparent pricing (THB 180,000 + VAT + government fees) with no hidden costs and guarantee thorough preparation that maximizes approval chances. Unlike generic consultants, Belaws combines deep BOI knowledge with proven success rates, established BOI relationships, and end-to-end support that ensures your BOI company operates successfully from day one.

Question 7

What business activities qualify for BOI promotion in Thailand?

Accepted Answer

BOI promotion covers a wide range of activities including manufacturing, agriculture, services, technology, and infrastructure projects. Priority sectors include automotive, electronics, biotechnology, digital economy, renewable energy, and advanced manufacturing. Each category has specific criteria regarding technology transfer, export ratios, employment generation, and environmental standards. Belaws conducts thorough eligibility assessments to determine if your business activities qualify for BOI promotion and which incentive packages apply. Our experts identify the optimal promotional category for your project and structure your application to meet all qualification criteria while maximizing available benefits.

Question 8

Do I need to present my BOI application to BOI officers?

Accepted Answer

Yes, most BOI applications require a presentation to BOI officers as part of the evaluation process, typically occurring 1-2 weeks after application submission. This presentation is crucial for approval and requires thorough preparation covering your business plan, financial projections, technology aspects, and expected economic impact. Belaws provides comprehensive presentation coaching and works closely with your team to ensure full preparation for the pitch. Our experts accompany clients to BOI presentations, provide guidance on addressing officer questions, and leverage our established relationships with BOI staff to facilitate smooth evaluation processes and maximize approval chances.

Question 9

What happens after BOI approval is granted?

Accepted Answer

After BOI approval, you must complete company registration (or transfer approval to existing company), open a bank account, transfer minimum capital from abroad, and apply for a Foreign Business Certificate within specified timeframes. You must also begin business operations within the timeframe specified in your BOI approval and meet all promotional conditions including employment, investment, and operational targets. Belaws handles all post-approval procedures including company registration (3 weeks), bank account opening, fund transfer coordination, and Foreign Business Certificate application (2 weeks). Our ongoing compliance support ensures you meet all BOI conditions and maintain your promotional benefits throughout the operational period.

Question 10

How much does a BOI application cost with Belaws?

Accepted Answer

Belaws charges THB 180,000 + 7% VAT for comprehensive BOI application services, plus government fees of THB 8,500. This transparent pricing includes eligibility assessment, application preparation and filing, business plan drafting, presentation coaching, post-approval guidance, and compliance advisory. The service typically takes 5 business days average time from receiving complete information. Unlike other providers that charge additional fees throughout the process, Belaws provides upfront transparent pricing with no hidden costs. Our comprehensive service package ensures complete BOI application handling from start to finish, providing exceptional value compared to piecemeal approaches from other consultants.

Question 11

Can I hire foreign employees without restrictions in a BOI company?

Accepted Answer

Yes, BOI companies have no restrictions on hiring foreign skilled employees, unlike regular Thai companies that must maintain Thai-to-foreign employee ratios. This flexibility allows you to hire the best talent regardless of nationality and is particularly valuable for technology, manufacturing, and specialized service companies requiring specific expertise. Foreign employees still need appropriate work permits and visas, but the BOI promotion removes quota limitations. Belaws assists with work permit applications for BOI company employees and provides guidance on optimal staffing structures. Our immigration experts coordinate BOI benefits with work permit processes to ensure seamless hiring of international talent for your promoted operations.

Question 12

What are the ongoing compliance requirements for BOI companies?

Accepted Answer

BOI companies must meet ongoing compliance requirements including annual reporting to BOI, maintaining minimum investment and employment levels, meeting export or production targets, and submitting progress reports on promotional conditions. Failure to comply can result in revocation of BOI benefits and additional tax obligations. Companies must also maintain proper accounting records and submit audited financial statements annually. Belaws provides comprehensive post-BOI compliance support including annual reporting, progress monitoring, and regulatory guidance. Our ongoing advisory ensures you maintain all promotional benefits and avoid compliance issues that could jeopardize your BOI status, providing peace of mind and operational continuity.

Question 13

Can I get a Foreign Business License with BOI promotion?

Accepted Answer

Yes, BOI companies can apply for Foreign Business Certificates to engage in activities normally restricted under the Foreign Business Act. This allows BOI companies to operate in service sectors typically reserved for Thai nationals, significantly expanding business opportunities. The Foreign Business Certificate application is submitted after BOI approval and company registration, typically taking 2 weeks to obtain. Belaws handles Foreign Business Certificate applications as part of our comprehensive BOI service and advises on which restricted activities your BOI promotion permits. Our expertise ensures you maximize the business opportunities available through BOI promotion while maintaining full compliance with all regulatory requirements.

Question 14

What documents do I need for a BOI application in Thailand?

Accepted Answer

BOI applications require comprehensive documentation including detailed business plans, 3-year financial projections, company profiles, shareholder information, technology descriptions, market analysis, and environmental impact assessments where applicable. All documents must demonstrate the project's economic benefits, technological contribution, and compliance with promotional criteria. Belaws provides a comprehensive registration checklist and handles all document preparation and filing. Our experts assist with drafting required business plans and project plans that meet BOI standards and maximize approval chances. Unlike other consultants, we ensure all documentation is complete and compelling before submission, avoiding delays and additional requests from BOI officers.

Question 15

How does BOI promotion compare to regular company registration in Thailand?

Accepted Answer

BOI promotion offers significant advantages over regular company registration including 100% foreign ownership (vs 49% maximum), tax incentives, exemption from Foreign Business Act restrictions, unlimited foreign employee hiring, and streamlined government approvals. However, BOI companies are restricted to promoted activities and must meet ongoing compliance requirements. Regular companies have more operational flexibility but face foreign ownership and business activity restrictions. Belaws helps you evaluate whether BOI promotion suits your business goals and provides objective analysis of benefits versus obligations. Our expertise in both BOI and regular company structures ensures you choose the optimal approach for your specific business needs and long-term objectives.

Question 16

Can I transfer BOI approval to an existing company?

Accepted Answer

Yes, BOI approval can be transferred to an existing Thai company that meets the promotional requirements and has appropriate shareholding structure. The existing company must be restructured to comply with BOI conditions including foreign ownership levels, business activities, and capital requirements. This option can be more efficient than establishing a new company but requires careful legal and structural analysis. Belaws handles BOI transfers to existing companies and provides comprehensive restructuring guidance to ensure compliance. Our experts evaluate your existing company structure and coordinate necessary changes to accommodate BOI approval, minimizing disruption to ongoing operations while securing promotional benefits.

Question 17

What is the success rate for BOI applications with Belaws?

Accepted Answer

Belaws maintains a high BOI application success rate through thorough eligibility assessment, comprehensive preparation, and expert presentation coaching. Our initial eligibility assessment identifies potential issues early, allowing us to address them before formal application submission. We only proceed with applications that have strong approval prospects and structure projects to maximize success chances. Our established relationships with BOI officers, deep understanding of evaluation criteria, and proven preparation methodology significantly enhance approval odds compared to inexperienced consultants. Belaws' track record demonstrates consistent success in securing BOI approvals across various industries and project types, making us the trusted choice for BOI applications.

Question 18

Can BOI companies operate in multiple business activities?

Accepted Answer

BOI companies are restricted to the specific business activities for which BOI promotion was granted and cannot engage in other activities without additional approvals. However, you can apply for multiple promotional categories simultaneously or add additional activities through subsequent BOI applications. Some BOI companies also obtain Foreign Business Certificates to engage in complementary service activities. Belaws helps structure BOI applications to encompass all intended business activities and advises on optimal promotional category combinations. Our expertise ensures your BOI promotion covers all necessary activities while maintaining compliance with promotional conditions and maximizing available incentives for your comprehensive business operations.

	BOI COMPANY	THAI LIMITED COMPANY
Foreign ownership	Up to 100%	Limited to less than 50% in most activities
Thai to foreign employee ratio	No ratio for foreign skilled employees	4:1
Corporate income tax rate	Up to 9 years exemption depending on the nature and location of the project	20%
Import of machinery	No tax.	No specific restriction if more than 50% of the capital is held by Thais shareholders
Reporting and audits	Regular updates and audit from the BOI Annual accounting audit	Annual accounting audit

BOI Promoted Company

What is a BOI Company in Thailand?

• Foreign ownership

• Tax Incentives

• Foreign Business License

• Minimum Capital Requirements

• Business Restrictions

• Hiring of Foreign employees

Pricing

Scope of work

Need more?

What is the process for obtaining a BOI Licence in Thailand?

BOI Eligibility Assessment

Preparing and filing the BOI application

Pitching your project to the BOI

Post BOI approval and the next steps

Frequently asked questions

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BOI Promoted Company

What is a BOI Company in Thailand?

• Foreign ownership

• Tax Incentives

• Foreign Business License

• Minimum Capital Requirements

• Business Restrictions

• Hiring of Foreign employees

Pricing

Scope of work

Need more?

What is the process for obtaining a BOI Licence in Thailand?

BOI Eligibility Assessment

Preparing and filing the BOI application

Pitching your project to the BOI

Post BOI approval and the next steps

Frequently asked questions

Explore other structures

Question Before You Begin? *

Question Before You Begin? *

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Thailand Company Registration Goes Fully Online in 2025

New 15% Minimum Corporate Tax Introduced in Thailand

Can Hotel Management Companies Be 100% Foreign Owned in Thailand?

The last 3 posts of our blog
Belaws Thailand