What is Board Of Investment?
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BOI Overview
Thailand stands as a vibrant hub for business, offering a wealth of opportunities for growth and innovation. For foreign investors, the Board of Investment (BOI) plays a pivotal role in making these opportunities even more attractive by providing significant tax incentives, streamlined visa and work permit processes, and the ability to own land.
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 in the country. If you’re wondering “what BOI means” or “what BOI stands for”, it’s essentially Thailand’s investment promotion authority that offers attractive incentives to qualified businesses.
The Thailand BOI was established to accelerate economic development by encouraging investments in strategic sectors. Through various tax incentives, streamlined processes, and ownership privileges, BOI Thailand serves as the gateway for international businesses seeking to establish operations in Southeast Asia’s economic hub.
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.
Embracing Foreign Ownership
In most cases, BOI allows 100% foreign ownership, providing you with full control, even in sectors traditionally restricted.
Streamlined Visa & Work Permits
The BOI process offers a smoother and faster pathway for your foreign staff, ensuring a seamless transition for your valued personnel.
Empowering Land Ownership
BOI-promoted companies are uniquely positioned to own land, offering your operations a tangible and secure base for growth.
Dedicated Support Services
You are not alone on this journey. The BOI provides invaluable guidance, assistance, and streamlined administrative procedures
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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