BOI Incentives and Privileges

If you are planning investment activity, you can obtain these and many other benefits from the Board of Investment (BOI).

The BOI is a government agency that supports foreign investors by offering numerous privileges and advantages, provided that the investment activity meets certain requirements.

The number and types of incentives depend on the type of business and its location.

What are the conditions for obtaining BOI approval.

Tax exemptions and the benefits described above must be justified from the Department’s perspective, which means that the planned business must be beneficial to the state.

This primarily includes export-oriented production, high-technology manufacturing, and innovative activities.

The more important your business is for the country, the more privileges and freedoms your company will receive.

A full list of business activities, their classification by priority, as well as the criteria that a business project must meet, can be found on the website https://www.boi.go.th.

BOI Incentives and Privileges.

Tax incentives.

Exemption from corporate income tax and dividend tax.

Exemption from corporate income tax and dividend tax in the fields of high technology and innovation.

Reduction of corporate income tax by 50 percent.

Exemption or reduction of import duties on equipment.

Reduction of import duties on raw materials or essential materials.

Exemption from import duties on materials used for research and development purposes.

Double deduction of costs for transportation, electricity, and water supply.

Additional deduction of 25 percent of the cost of installation or construction of facilities.

Exemption from import duties on raw materials or essential materials used in export production.

Non-tax incentives.

Permission for foreign nationals to enter Thailand for the purpose of studying investment opportunities.

Permission to employ foreign skilled workers and experts.

Permission to own land.

Permission to transfer or remit funds abroad in foreign currency.

A foreigner in Thailand may own 100 percent of the company’s shares, the company may own land, and may employ foreign staff without complying with quotas for Thai employees and without requirements for registered capital.