BOI Company Set-up in Thailand
Strategic Accounting and BOI Advisory for Global Companies in Thailand
Ensuring a smooth and compliant process from start to finish.
BOI company registration offers tax holidays, full foreign ownership, and fast-track work permits.
What is a BOI in Thailand?
The Board of Investment (BOI) is a government agency that encourages foreign investment in sectors crucial to Thailand’s economic development, such as technology, manufacturing, logistics, agriculture, healthcare, and more.
Incentives Under the Investment Promotion Act (BOI Thailand)
Unlock major tax breaks and exclusive privileges with BOI promotion in Thailand — from CIT exemptions to land ownership rights.
BOI Tax Incentives for Promoted Companies
BOI-promoted companies in Thailand are eligible for a wide range of tax benefits designed to support growth, innovation, and international competitiveness. These incentives include:
Exemption or reduction of import duties on machinery used in the approved business activities
Reduced import duties on raw materials and essential components required for production
Import duty exemption on materials used for research and development (R&D) to encourage innovation
Corporate income tax exemption on net profits and dividends generated from the promoted activity
50% reduction in corporate income tax for a specified period after the tax exemption ends
Double deduction for expenses related to transportation, electricity, and water supply
Additional 25% deduction on the cost of installation or construction of facilities
Import duty exemption on raw materials used in the production of goods for export
These benefits help reduce operating costs significantly while encouraging long-term investment and expansion.
BOI Non-Tax Incentives for Foreign Investors
In addition to tax benefits, BOI-promoted companies also enjoy a range of non-tax privileges that support business setup and foreign investment in Thailand. These include:
Permission for foreign nationals to enter Thailand to explore investment opportunities
Authorization to bring in skilled foreign workers and experts to support BOI-approved business operations
The right for promoted companies to own land, which is typically restricted for foreign entities
Freedom to remit funds abroad in foreign currency, including profits, dividends, and capital
These non-tax incentives are designed to make it easier for foreign investors to establish and manage operations in Thailand.
Eligible Activities for Promotion by Business Categories in Thailand (BOI)
Division 1
Agriculture, Food, and Biotechnology
BCG Industries
This category supports the advancement of Thailand’s strong agricultural base and food processing industry, especially with the integration of biotechnology and sustainability.
Division 2
Manufacturing and Basic Industries
Advanced Manufacturing Industries
Thailand encourages innovation and value-added manufacturing, especially in core industries that support the country’s industrial foundation.
Division 3
Technology and Innovation
Basis and Supporting Industries
This group supports the transition to a digital and knowledge-based economy by promoting R&D, digital content, and advanced technological development.
Division 4
Services, Logistics, and Public Utilities
Digital, Creative Industries and High Value Service
Thailand promotes high-value services that facilitate international trade, improve quality of life, and support sustainable infrastructure.
The Thailand Board of Investment (BOI) provides investment incentives based on specific business activities. These activities are categorized into four main groups to align with national economic strategies and promote sustainable development.
BOI Company Registration in Thailand with Full Foreign Ownership and Exclusive Tax Benefits
How to register a BOI company in Thailand? BOI company registration in Thailand comes with significant tax and non-tax incentives, but the process involves strict procedures and timelines.
Reviewing BOI Eligibility and Getting Started
Before applying, investors must review the BOI’s promoted activities to determine if the business qualifies. This includes understanding the relevant industry categories, minimum investment requirements, and promotional conditions. Application forms and detailed guidelines are available through the official BOI website or the One Start One Stop Investment Center (OSOS). We help you assess your eligibility and prepare a roadmap tailored to your business type and objectives.
Submit the Application
Once the business activity has been confirmed as eligible under BOI guidelines, the next step is to formally submit the application for investment promotion. This stage marks the beginning of the official review process, during which the BOI will evaluate the proposed project’s potential, structure, and alignment with national investment goals. Proper documentation, clarity in business planning, and alignment with BOI incentives are all critical to advancing beyond this point.
Project Clarification and BOI Evaluation Process
After the application is submitted, the BOI typically schedules a clarification meeting within a short timeframe. This meeting allows the investor to present the business model, explain the project’s objectives, and answer any initial questions from BOI officials. It is an essential step in establishing transparency and ensuring the BOI fully understands the investment proposal.
Following this, the BOI proceeds with a formal evaluation of the project. The review period depends on the total investment value:
Up to THB 200 million: reviewed within 40 working days
THB 200–2,000 million: reviewed within 60 working days
Over THB 2,000 million: reviewed within 90 working days
We coordinate with BOI officials and keep you updated throughout the review process.
Approval Notification and Acceptance of BOI Promotion
Once the BOI has completed its evaluation and approved the investment project, the applicant will receive a formal written notification within seven business days. This approval letter outlines the conditions of the promotion, the specific privileges granted, and the scope of BOI benefits awarded. Along with this notification, an application form for the BOI Promotion Certificate is also provided.
The applicant must officially accept the promotion by completing and submitting the required acceptance form within 30 days of receiving the approval. If unable to respond within this timeframe, the applicant must submit a written request for an extension. The BOI may grant extensions in 30-day intervals, for up to three times. Timely acceptance is critical, as failure to respond may result in the forfeiture of the promotion.
Registering Your BOI Company in Thailand
After receiving approval and accepting the BOI promotion, the next step is to register your Thai company within six months. During this time, you must submit all required documents to the Office of the Board of Investment (OBOI) to proceed with the issuance of your Promotion Certificate.
The required documents include the completed BOI promotion certificate application form, the company’s memorandum of association, the certificate of company registration, a list of shareholders, and confirmation of the registered capital, authorized directors, and the company’s address.
BOI Reporting and Compliance
Once your company receives the BOI Promotion Certificate, you must follow several important conditions and keep the BOI informed at key stages. These requirements are critical to maintain your BOI status and enjoy the granted privileges.
Within 30 months, all approved machinery and equipment must be imported to qualify for tax and duty reductions.
Within 36 months, your facility must be fully constructed, machinery installed, and ready to begin operations.
If your operations are paused for more than two months, you must notify and seek permission from the BOI.
The BOI’s written approval is required before selling, leasing, mortgaging, or transferring any machinery that was imported under BOI incentives—or using it for other purposes not originally approved.
If these conditions aren’t met, and no valid reason is provided, the BOI has the authority to issue a formal warning. Continued non-compliance may lead to the revocation of your promotion, with further notice sent to the Department of Business Development (DBD), the Revenue Department, and other related agencies.
BOI Accounting and Reporting
BOI-promoted companies in Thailand must meet higher standards of accounting and reporting. In addition to regular VAT, Withholding Tax (WHT), and Social Security (SSF) filings, you’re also required to submit half-year and annual audited financial statements.
Beyond standard reporting, BOI companies must follow specific rules tied to their promotion category. These may include detailed financial disclosures, periodic updates to the BOI, and proof of meeting investment conditions. Both the Revenue Department and BOI inspectors closely monitor these obligations—so accuracy and consistency are essential.
BOI Company Registration Package – Thailand
Tailored for Foreign Companies | Manufacturing | Tech | Regional
Additional BOI Certificate
(for each of activities/projects)
- Strategic BOI Consultation
- BOI Application & Project Filing
- Promotion Certificate Handling
- BOI Compliance & Reporting Setup
- Tax & Social Security Registration
- Company Incorporation
175,000 THB
Please note, This is a professional service fee only and does not include official government fees, stamp duties, or third-party costs.
First BOI Certificate
(Includes full application, company setup)
- Strategic BOI Consultation
- BOI Application & Project Filing
- Promotion Certificate Handling
- BOI Compliance & Reporting Setup
- Tax & Social Security Registration
- Company Incorporation
225,000 THB
Please note, This is a professional service fee only and does not include official government fees, stamp duties, or third-party costs.
Frequently Asked Questions about BOI Company Registration in Thailand
What are the key benefits of registering as a BOI-promoted company?
Approved companies may receive corporate income tax exemptions (up to 8 years), import duty exemptions on machinery and raw materials, 100% foreign ownership rights, land ownership privileges (for some sectors), and streamlined visa and work permit support.
Which industries are eligible for BOI promotion?
The BOI prioritizes sectors that enhance Thailand’s economic competitiveness, such as advanced manufacturing, software and digital services, renewable energy, research & development, biotechnology, logistics, aerospace, data centers, and electric vehicles.
Can a foreign investor fully own a BOI-promoted company?
Yes. BOI promotion allows 100% foreign ownership in many sectors, bypassing restrictions under the Foreign Business Act. This makes it one of the most efficient routes for foreign entities to establish a presence in Thailand.
Do I need to incorporate a Thai company before applying for BOI?
No. You may apply for BOI promotion as an individual or foreign company. Once approved, you’ll be required to set up a Thai legal entity to receive and maintain BOI privileges.
Is BOI company registration the same as company incorporation?
No. BOI registration is an additional layer of approval that provides investment privileges. Company incorporation is a legal requirement with the Department of Business Development (DBD), while BOI approval is optional but highly advantageous.
What are the compliance requirements for BOI companies?
BOI-promoted companies must meet specific milestones—such as machinery import timelines, factory setup, and employment conditions—within a defined period. Ongoing reporting and compliance with BOI regulations are mandatory to retain privileges.
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