Can Foreigners Own 100% of a Thai Company? Route to BOI Company 2025!
With more than 100 of our clients, especially foreign companies, you are dreaming of starting a business in Thailand with 100% ownership. However, some of them unfortunately hit the wall when their business activities have to be a Thai Majority company. In this article, we would like to walk you through if foreigner can really have a 100% BOI Company.
The answer is yes, foreigners can legally own 100% of a company in Thailand through the Board of Investment (BOI) promotion scheme. We’ll explain how the BOI works, who qualifies, and how you can enjoy full foreign ownership while staying 100% compliant with Thai law.
What is BOI Thailand?
The Thailand Board of Investment (BOI) is a government agency that promotes business development by offering incentives to companies that benefit the country’s economy—such as tech, manufacturing, or export-based services.
When your company receives a BOI Company promotion, you gain privileges like:
100% Foreign Ownership
Unlike regular Thai companies that require at least 51% Thai shareholders, BOI-promoted companies in eligible industries can be 100% foreign-owned, legally and transparently. No need for nominee structures or complex shareholder arrangements.Tax Exemptions
BOI companies may enjoy a corporate income tax exemption for up to X years, depending on the type of business and its contribution to innovation, R&D, or Thailand’s development. Some projects may also get a 50% tax reduction for an additional 5 years.Import Duty Exemptions
Your company can import machinery, equipment, and raw materials for production or R&D without paying import duties, helping reduce startup and expansion costs significantly.Work Permit & Visa Support
You can sponsor work permits and business visas (Non-B) for foreign directors, specialists, and key employees without the usual restrictions (e.g., the 4 Thai employees per 1 foreigner rule does not apply).
Ease of Bringing in Foreign Experts and Staff
BOI company can enjoy fast-track services from the One-Stop Service Center, enabling smoother onboarding of foreign talent. This includes special visas for executives, family members, and even fast processing at the airport in some cases.
Who Can Apply for the BOI Promotion?
As I mentioned, not every type of business is qualified. The main support from BOI is the industry that brings innovation, value, or development to Thailand.
Here is an example:
- Software development and IT services
- E-commerce and digital platforms
- Advanced manufacturing (e.g., automotive, electronics)
- Agriculture tech or food innovation
- Logistics and international trading hubs
- Research & development centers
If your business fits within the BOI-approved categories, congratulations, you may be eligible to apply. However, please come discuss with us the possibility of making your application successful.
To check BOI-approval activities, you can check here or easier way to consult with us.
How to Get 100% BOI Comapny Ownership (Step-by-Step)
Here’s how the process works:
- Check BOI Activity List
Make sure your business matches one of the promoted activities listed by the BOI. - Prepare Business Plan & Financial Forecast
BOI requires a clear proposal, investment budget, and employment plan. - Submit Application to BOI
You’ll need to apply through the BOI e-investment platform, with a full pitch deck or written application. - Attend the Interview
BOI officers will invite you to present your business. This step is crucial to showcase your company’s value to Thailand. - Receive BOI Certificate
Once approved, you’ll receive your Promotion Certificate, which enables full foreign ownership and other privileges. - Register Your Thai Company (If dont registered yet)
You can now legally register your company in Thailand with 100% foreign shareholding. - Proceed with Visa & Work Permits
Enjoy streamlined work permit and visa services for directors and foreign employees.
Is BOI Company Only for Large Companies?
No, while the BOI does prefer companies that bring measurable investment or technology, many SMEs and startups have received BOI approval. With the right guidance, even small tech or service-based companies can qualify.
At Act & Align Advisor, we’ve helped entrepreneurs from Singapore, India, Europe, and beyond set up fully foreign-owned companies in Thailand, even as solo founders.
Common Mistakes to Avoid
- Applying under the wrong category
- Underestimating the investment amount
- Lack of a solid financial or hiring plan
- Weak business pitch during the BOI interview
This is where professional support is crucial. We help you prepare all documents, join your BOI interview, and ensure smooth approvals.
Final Thoughts: 100% BOI Company Ownership is Possible
If you want full control of your Thai business without needing a Thai shareholder, the BOI path is your legal gateway. With expert guidance, the process is not only possible—it’s a strategic move.
Click the link below if you would like to know how we can assist you with BOI Application.
