Thailand Board of Investment

The Thailand Board of Investment (BOI ) is a state agency with the task of investment in Thailand to promote through monetary incentives. The BOI is subordinate to the Ministry of Industry directly. The head office is located in Bangkok.

General

It presents as a practical point of contact for both Thai and international business information and services for investment opportunities in Thailand and it offers a wide range of funding and activities.

After his most recent concept, the BOI focuses on the manufacturing industry and the same moderate support to different areas. The amount of tax rebates ( and tax exemptions up to 8 years ) are always tied to the region in which the investment is to take place. Also receive (almost) all BOI- promoted companies permission to keep 100 % of the shares to acquire land to full ownership and facilitating access to a Foreign Business License as well as on work permits for foreign specialists ( without the otherwise - investment is unlawful by applicable regulations - generally required 2 million THB ( about 40,000 EUR ) fully paid in share capital and as well as the obligatory four Thai employees per work permit ).

In the last 15 years there have been no fundamental revision of the essential funding. In 2013 this will change. The BOI has unveiled its new five -year strategy to promote investment (5 -Years Investment Promotion Strategy) in January 2013 after extensive analysis of the economic situation of Thailand and the regional framework conditions. This will be implemented by the end of 2013 and is a departure from the previous concept. In this context, the BOI is now a new focus and 10 core industries promote differentiated. In order to enable investors after scaling up to these changes in the policy in a transitional phase, these new guidelines will come into force until 1 January 2015.