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Board of Investment of Thailand (BOI)
Unlock Thailand’s full investment potential. Our expert legal team provides a seamless, end-to-end service to secure Board of Investment (BOI) promotion, enabling 100% foreign ownership, maximum tax incentives, and long-term visas for your key personnel.
Navigating Thailand’s investment landscape can be complex. The BOI promotion scheme offers unparalleled benefits, but the application process is rigorous and requires a deep understanding of Thai law. JIRAWAT & ASSOCIATES is your strategic legal partner, transforming regulatory challenges into competitive advantages.
- Maximize Approval Success Rate with meticulously prepared applications and strategic business plans.
- Secure 100% Foreign Ownership, bypassing the restrictions of the Foreign Business Act (FBA).
- Gain Full Tax & Non-Tax Benefits, including up to 13 years of CIT exemption and the right to own land for your operations.
- Streamline Visas & Work Permits for your foreign executives and specialists through our integrated post-approval support.
Why BOI Promotion is Critical for Foreign Investors
The Thailand Board of Investment (BOI) is a government agency tasked with promoting foreign direct investment in strategic sectors. For a foreign enterprise, securing BOI promotion is the single most effective strategy to de-risk and optimize your market entry into Thailand. It provides a clear, privileged legal framework for establishing and operating your business.
- Overcome Ownership Barriers: The BOI certificate acts as a powerful exemption to the Foreign Business Act (FBA), allowing you to establish a 100% foreign-owned subsidiary without the need for a Thai majority shareholder.
- Enable Land Ownership: A key operational advantage, BOI-promoted companies are granted the rare privilege of owning freehold land for their promoted activities, such as factories and offices.
- Create a Stable & Privileged Operating Environment: Enjoy a suite of benefits designed to reduce costs, enhance efficiency, and provide long-term stability for your investment and your expatriate team.
Key BOI Incentives: Tax vs. Non-Tax
BOI privileges are designed to provide comprehensive support, covering both your financial bottom line and your operational freedom.
Tax Incentives
- Corporate Income Tax (CIT) Exemption for up to 13 years, depending on the business activity and location.
- Exemption/Reduction of Import Duties on machinery, equipment, and raw materials used for export-oriented production.
- Exemption on Withholding Tax on dividends paid from the promoted entity.
Non-Tax Incentives
- Permission for 100% Foreign Shareholding.
- Permission to Own Land.
- Facilitated Visas and Work Permits for foreign experts, technicians, and their families, processed rapidly via the One Stop Service Center (Single Window).
- Permission to Remit Foreign Currency Abroad.
Our End-to-End Process & Timelines
We manage the entire BOI lifecycle with legal precision and commercial acumen, ensuring a clear and predictable path to success.
- Eligibility Assessment & Strategy (2-4 Weeks): We conduct a thorough legal analysis of your project to confirm eligibility and devise a strategy to maximize your incentives.
- Application & Business Plan Filing (via e-Investment): Our team prepares and submits a comprehensive application package through the BOI’s official e-Investment portal.
- BOI Interview & Follow-up (40-90 Working Days): We coach your team for the crucial project presentation and act as your legal representative in all communications with BOI officials.
- Approval & Certificate Issuance (1-2 Months): Upon approval, we manage the formal acceptance process and secure your official Promotion Certificate.
- Post-Approval Compliance & Activation (Ongoing): This is where our legal expertise truly adds value. We guide you through company registration/capital increase, and crucially, we manage the onboarding process for the Single Window for Visa and Work Permit (e-Expert) system. This ensures your key foreign personnel can legally work in Thailand without delay. We also advise on eligibility for premium visas like the LTR Visa and SMART Visa.
Why Choose JIRAWAT & ASSOCIATES?
As a dedicated law firm, we offer a level of strategic oversight and legal protection that standard consultants cannot match.
- Integrated Legal Expertise: We don’t just fill out forms. We structure your investment with a holistic understanding of BOI regulations, the Foreign Business Act, corporate law, and immigration policies.
- Transparent, Value-Based Pricing: We believe in clarity. Our tiered packages with a hybrid success-linked model mean our incentives are aligned with yours. No hidden fees, no surprises.
- Focus on Long-Term Compliance: Our service extends beyond approval. We ensure you understand and meet all ongoing BOI conditions, protecting your privileges and your investment for the long term.
- Professional & Regulated: ****
Service Packages & Pricing
Choose the level of support that best fits your investment strategy. Our transparent pricing models are designed to build trust and deliver exceptional value.
Scope of Services | Package 1: Starter (Application Review & Submission) | Package 2: Professional (End-to-End Management until Approval) | Package 3: Premium Partner (Comprehensive Post-Approval Partnership) |
|---|---|---|---|
Qualification Assessment and Strategy Formulation | ✓ | ✓ | ✓ |
Review of Business Plan and Financial Projections | ✓ | ✓ | ✓ |
Preparation and Submission of Application via the e-Investment System | ✓ | ✓ | ✓ |
Liaison with BOI Officers | ✗ | ✓ | ✓ |
Interview Preparation and Support | ✗ | ✓ | ✓ |
Management of Resolution Acceptance and Application for Promotion Certificate | ✗ | ✓ | ✓ |
Advisory on e-Expert/Single Window System Setup | ✗ | ✗ | ✓ |
Visa & Work Permit Application Package (for 1 person) | ✗ | ✗ | ✓ |
Recommended Fee Structure | Fixed Fee | Hybrid (Base Fee + Success Fee) | Hybrid (Base Fee + Success Fee) |
Note : Our professional fees are exclusive of government fees, such as application fees, stamp duties, and visa/work permit processing fees.
** Request a Detailed Quote for Your Project**
Frequently Asked Questions (FAQ)
Yes. For activities promoted by the BOI, the law permits 100% foreign ownership, providing an exemption from the usual 49% limit under the Foreign Business Act (FBA).
The general minimum investment is THB 1 million (approx. USD 27,000), excluding the cost of land and working capital. Specific industries may have different requirements.
The BOI's consideration period is typically 40-90 working days from the date of complete application submission. The entire process, from preparation to receiving your certificate, usually takes 4-6 months.
You must comply with the conditions stated in your Promotion Certificate. This includes meeting investment timelines, starting operations by a specific date, and submitting annual progress reports to the BOI.
BOI-promoted companies can use the streamlined Single Window system, which significantly speeds up the visa and work permit application process for foreign employees, often reducing it to just 3-5 business days.
While consultants can manage the application process, a law firm provides comprehensive legal protection. We advise on corporate structuring, FBA compliance, and potential legal risks, ensuring your entire investment framework is secure.
Pillar Two is a new global minimum tax rule for large Multinational Enterprises (MNEs) with revenues over €750M. It may affect the net value of tax incentives. We provide high-level strategic advice on this complex issue to ensure there are no surprises for your global tax strategy.
Begin Your Strategic Investment in Thailand Today
- Phone: 0932514500
- Line: JIRAWAT LAW
- Email: jirawat@jirawatlaw.co.th
Service Hours: Monday – Friday, 9:00 – 18:00