What is Board Of Investment?
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BOI Overview
For foreign investors, the Board of Investment (BOI) provides a structured framework of incentives designed to support eligible businesses, including corporate tax benefits, work permit facilitation, and land ownership rights for promoted companies. If your business qualifies for BOI promotion, Act & Align Advisor will guide you through the full application process in compliance with all Thai regulations.
What is the Thailand Board of Investment (BOI)?
BOI stands for Board of Investment, Thailand’s government agency responsible for promoting both local and foreign investment across the country.
The Thailand BOI was established to support economic development by encouraging investment in strategic sectors. Through corporate tax benefits, work permit support, and land ownership privileges, BOI Thailand provides a clear legal framework for international businesses looking to establish compliant operations in Southeast Asia.
Business Eligible for The BOI
The BOI encourages investment in a diverse array of sectors, all aimed at enhancing Thailand’s economic landscape. While the specific eligibility criteria can be nuanced, generally, businesses falling into these broad categories are often considered for BOI promotion:
Agriculture and Food Processing
Modern farming techniques, food technology, and sustainable agriculture projects.
Bio-Economy, Circular Economy, and Green Economy (BCG)
Projects promoting sustainability, renewable energy, and eco-friendly manufacturing.
Medical and Wellness
Healthcare services, medical device manufacturing, and pharmaceutical production.
High-Value Services
Tourism, logistics, digital services, and research and development (R&D) centers.
Smart Electronics
Advanced electronics manufacturing, robotics, and automation.
Digital Economy
Software development, data centers, and e-commerce platforms.
Targeted Technology and Innovation
Biotechnology, nanotechnology, and advanced materials.
Infrastructure and Utilities
Projects supporting essential services and connectivity.
It’s important to remember that the BOI’s focus is on projects that bring significant economic benefits, introduce new technologies, and contribute to local employment.
BOI Benefits
Significant Tax Incentives
Enjoy valuable exemptions or reductions on corporate income tax, import duties, and even dividends, enhancing your financial resilience and market competitiveness.
BOI Foreign Ownership Rights
BOI promotion allows up to 100% foreign ownership in qualifying business categories, in full accordance with Thai investment law.
Visa & Work Permit Support
BOI-promoted companies benefit from a structured visa and work permit process for foreign staff, managed in compliance with Thai immigration regulations.
Land Ownership Rights
BOI-promoted companies are uniquely positioned to own land, offering your operations a tangible and secure base for growth.
Dedicated Support
BOI-promoted businesses receive dedicated guidance and administrative support from the Board of Investment throughout the application and approval process.
Enhanced Market Access
BOI-promoted companies often gain preferential access in government procurement and specific industries, providing you with a distinctive advantage in the market.
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