Thailand BOI Promoted Company

Register a BOI Company in Thailand Worry-Free

  • Professional business & legal guidance from start to finish
  • Initial pre-screening to help you assess your BOI promotion success
  • Post-registration services including work permit, BOI visas and more
*The quote is non-binding

How Umpire Legal Can Help

We Take Worry & Uncertainty Out of Registering a BOI Company

BOI application process involves a lot of preparation, paperwork, visits at three different departments and, above all, it takes months of time. Let our legal team strip you of these worries and responsibilities and do all the heavy lifting for you. As our client, you will always be up to date with the process and know what to expect at every step of the way.

We will reliably guide you through the entire process and assist you in:

  • Crafting and preparing your BOI application
  • Drawing up necessary business plans for submission based on your envisaged activities
  • BOI officials after the application has been submitted
  • Support you until the last step of collecting the BOI investment promotional certificate from the BOI office in Thailand

Fast Communication

No intermediaries or slow staff. Our English-speaking lawyers communicate promptly and with clarity.

Affordable Pricing

Start a company without breaking the bank. Our pricing is affordable and designed to fit your budget.

No Hidden Costs

After receiving a quote, there are no more hidden fees and unexpected surprises hiding around the corner.

No Forms to Fill In

We take the guesswork out of registering a business. You will never have to touch a legal form apart from signing it.

What is BOI?


In 1997, the Thai government established the The Office of the Board of Investment (BOI) with the intention to provide investment incentives for both foreign and local entrepreneurs who are interested in investing in the agency’s promoted activities. Apart from offering incentives to attract more investments, the BOI also sought to decentralise Thailand’s industrial base and help build foundations for nurturing local skill development in attractive industries. A company promoted by this government body is referred to as a “BOI company”.

Overview of a BOI Company

Foreign Ownership

Up to 100%

Capital Requirements

1 million THB paid up capital (or higher depending on the nature of the project)

Tax Rate

Regular progressive corporate income tax rates apply (unless the company receives tax incentives for corporate income tax exemption)

Foreign Business License

Eligible for the Foreign Business License upon issuance of the BOI certificate

Business Restrictions

Restricted to the business for which investment promotion is granted

Registration Duration

3–4 months before a BOI certificate is issued

What Businesses Qualify for BOI Promotion?

BOI-Promoted Activities

In order to be eligible for investment promotion by the Thai Board of Investment, your business activity will have to fall under one of the following categories:

Agriculture and agricultural products

Mining, ceramics and basic metals

Metal products, machinery and transport equipment

Electronic industry and electric appliances

Chemicals, paper and plastics

Services and public utilities

Light industry

Technology and innovation development

The above list is further broken down into several smaller business activities, mainly involving manufacturing, design, development and technology transfer to Thailand, and can be found here.

BOI Investment Promotion Policies

In addition to the promoted business categories, another useful resource for self-assessment of one’s eligibility for promotion is consulting the BOI’s investment promotion policies (a list of policies set in place to ensure achievement of the BOI’s vision of Thailand’s economical, social and environmental development):

  1. Promote investment that helps enhance national competitiveness by encouraging R&D, innovation, value creation in the agricultural, industrial and services sectors, SMEs, fair competition and inclusive growth
  2. Promote activities that are environment-friendly, save energy or use alternative energy to drive balanced and sustainable growth
  3. Promote clusters to create investment concentration in accordance with regional potential and strengthen value chains
  4. Promote investment in border provinces in Southern Thailand to help develop the local economy, which will support efforts to enhance security in the area
  5. Promote special economic development zones, especially in border areas, both inside and outside industrial estates, to create economic connectivity with neighboring countries and to prepare for entry into the ASEAN Economic Community (AEC)
  6. Promote Thai overseas investment to enhance the competitiveness of Thai businesses and Thailand’s role in the global economy

Why Apply for a BOI Promotion?

Benefits of BOI Promotion in Thailand

Contrary to the general regulations and taxation schemes which apply to limited companies in Thailand, companies promoted by the Thai Board of Investment are eligible to several tax and non-tax incentives, such as complete or majority foreign ownership and, at the same time, permission for the foreign company to own land!

Tax Incentives

Tax privileges granted under the BOI promotion in Thailand include but are not limited to:
  • Corporate income tax exemption for a certain number of years
  • Exemption or reduction of import duties on machinery, raw materials and/or essential materials
  • Exemption or reduction of taxes on dividends payable to shareholders
  • Deductions from the costs of transportation, electricity and water supply, and on the cost of installation or construction of facilities

Non-Tax Incentives

Non-tax privileges granted under the BOI promotion in Thailand include but are not limited to:
  • 100% foreign ownership
  • Permission to bring in foreign skilled workers and experts where their visas and work permits can be processed within a day at the BOI One Stop Service Centre for Visas and Work Permits
  • Permission to own land
  • Permission to remit money abroad in foreign currency
  • Protection against nationalization of the business

What Are the Stages of Applying for the BOI Promotion?

BOI Promotion Application Process

The BOI promotion application process consists of six steps, each taking place at a different department (The Board of Investment, Department of Business Development and One Start One Stop Investment Centre for Visas and Work Permits).

STEP 1

Preparing the application

We will prepare and fill in the application for you based on your provided information. It can be issued either in your name or the name of the company and consists of two parts:

  • Business plan - the business plan aspect concerns business projection regarding your future expenses, clients, sales, marketing, employees requirements and hiring, etc.
  • Project plan - this aspect is tied to the promoted industry of your business and requires information about your work processes, what value you are creating, details of the product/services to be developed, hardware, software, machinery to be used in the production, how the product is going to be used, etc.

Duration:
2-4 weeks

STEP 2

Submitting the application & scheduling BOI presentation

We will submit your completed application online and schedule a date for your project presentation in front of the BOI committee.

Duration:
1 day or less, after which you will have to wait 1-2 weeks for the project presentation date

The Board of Investment

STEP 3

Presenting your idea at BOI

This is your opportunity to promote and sell your idea in person. After being interviewed by the officials, you we will receive the Board's resolution in approximately 40 days.

Duration:
1 day for presentation + 40 days for resolution

The Board of Investment

STEP 4

Receiving resolution and company registration

After receiving a positive resolution from the BOI, businesses have generally six (6) months to register with the DBD. Please note that only companies registered in Thailand can be BOI promoted.

Duration:
1-2 weeks

Department of Business Development, The Board of Investment

STEP 5

Issuing the BOI certificate

Issuance of the BOI certificate is conditioned by the company completing its registration in Thailand and showing a proof of funds (this has to be at least 25% of the minimum capital requirement of 1M+ THB).

Duration:
1-2 weeks

The Board of Investment

STEP 6

Visa and work permit

Securing visa and work permit for the foreign director and employees.

Duration:
1 day after the online formalities are completed

One Start One Stop Investment Centre

STEP 7

Post-certificate compliance

Your newly formed and/or BOI-promoted company will need to notify the officials about your progress on a regular basis.

Step 1: The Board of Investment

  • Preparation of the application for investment promotion
  • Interview with officials, presenting the business plan
  • Project evaluation by the responsible authorities
  • Receiving BOI certificate once the company is formed

Step 2: Department of Business Development

  • Name reservation
  • Incorporation of the company
  • Receiving BOI promoted status and certificate

Step 3: One Start One Stop Investment Centre

  • Visa and Work Permit
It generally takes 3-4 months until the issuance of the BOI certificate

Capital Requirements & Costs

Do You Need to Evidence the Injection of Funds for the Registered Capital?

The injection of funds (at least 25%) has to be done before the BOI certificate is issued. The complete investment amount should be done within thirty six months as from the date of issuance of the BOI promotional certificate. In case of foreign ownership, you will need a proof of the investment coming from abroad. In general, the minimum capital requirement is 1M THB, but this amount may vary depending on each type of business.

How Much Does It Cost to Register a BOI Company in Thailand?

Companies interested in gaining the BOI-promoted status have to take into consideration legal fees and costs associated with the construction of their new premises, office space, hiring staff, buying machinery etc. Our BOI registration service is priced competitively and provides businesses with excellent value for money.

BOI Company vs Thai Limited Company

As previously mentioned, a BOI company gets to enjoy a number of attractive benefits over its Thai limited company counterpart. Basic differences in several key areas are highlighted below:

BOI Company Thai Limited Company
Thai to foreign employee ratio Relaxed, can be negotiated 4 : 1
Corporate income tax rate As little as 0% 20%
Foreign ownership As much as 100% Limited to no more than 49%
Import of machinery No tax VAT tax
Ongoing requirements BOI update form submissions On-site inspections from Immigration
Registration duration Six weeks and longer One week or less

Client Testimonials

A Few Words from Our Satisfied Clients

Eric Monteil

Art Consulting (Thailand) Co., Ltd..
I am the managing director of Art Consulting Thailand, a company promoted by the Board of Investment of Thailand (BOI). Simi was in charge to proceed the registration of my company and all related admin tasks such as dealing with BOI, issue work permit and visa, etc. I would say it's a great experience to work with such a professional like Simi. She explain clearly the process and she does what she says in time without any extra cost. All is very clear and there is no trick. Additionally, Simi's fees are very affordable, she is a nice person, focuses on your business issues and find the right and fastest way to go through. I highly recommend services from Umpire legal provided by Simi and her kind and professional colleagues.

Chris Puype

Empyrean Solutions APAC Co., Ltd.
We have been using the services of Umpire legal to incorporate the company in Thailand with certification of the Board of Investment. I found Umpire Legal to be very responsive and clear about the difficult and time consuming process. They helped us through multiple interactive sessions to ensure that all questions were adequately addressed. They really provided expert assistance!
  • it's a great experience to work with such a professional

    Simi from Umpire Legal was in charge to proceed the registration of my company and all related admin tasks such as dealing with BOI, issue work permit and visa, etc. I would say it's a great experience to work with such a professional like Simi. She explain clearly the process and she does what she says in time without any extra cost. All is very clear and there is no trick. Additionally, Simi's fees are very affordable, she is a nice person, focuses on your business issues and find the right and fastest way to go through.

    Eric Monteil, Art Consulting (Thailand) Co., Ltd.
  • They really provided expert assistance!

    We have been using the services of Umpire legal to incorporate the company in Thailand with certification of the Board of Investment. I found Umpire Legal to be very responsive and clear about the difficult and time consuming process. They helped us through multiple interactive sessions to ensure that all questions were adequately addressed. They really provided expert assistance!

    Chris Puype, Empyrean Solutions APAC Co., Ltd.

Some of the Companies We Helped Register

Register your BOI Company in Thailand Worry-Free

The quote is non-binding. Do you have more questions about BOI Promoted Company? Contact us, we are here to help.