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Thailand: The gateway to Asia

Thailand: The gateway to Asia
Thailand: The gateway to Asia

» Invest in Thailand [1]

If you wish to set up an operation in Thailand, your best contact point is the Office of the Board of Investment (BOI). Its core roles and responsibilities are to promote valuable investment, both investment into Thailand and Thai overseas investment.

To learn more about investment in Thailand, please go to: http://www.thinkasiainvestthailand.com or contact Thailand Board of Investment offices near you.

» Invest in Thailand
» Invest in Thailand

Thailand BOI Approves Steps to Ease COVID-19 Impact, Accelerate Investment in Medical Sector – Thai-Swedish Chamber of Commerce [2]

A relaxation of investment conditions was approved to mitigate the impact of the virus outbreak, which has affected economic activity both directly and indirectly on BOI promoted businesses, Ms Duangjai said. During the first quarter of 2020, the number of applications submitted to the BOI slightly increased to 378 from 368 in the same period last year. (3) Adjustments to the benefits granted for the production of raw materials used in the manufacture of medical products to encourage a more complete value chain in Thailand.

The BOI has broadened the scope of activities eligible for duty-free importation of materials used in research and development to cover all activities required to conduct R&D. The BOI today approved the inclusion of the management of water resources in its earlier announced scheme to encourage private sector participation in support of projects improving the competitiveness of the grassroots economy.

Thailand BOI Approves Steps to Ease COVID-19 Impact, Accelerate Investment in Medical Sector – Thai-Swedish Chamber of Commerce
Thailand BOI Approves Steps to Ease COVID-19 Impact, Accelerate Investment in Medical Sector – Thai-Swedish Chamber of Commerce

BOI says most foreign investors still confident in Thailand [3]

BANGKOK (NNT) – With the COVID-10 pandemic causing significant disruption around the world including in Thailand, the Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments. The BOI’s latest survey of the confidence of international investors in Thailand was conducted with 600 companies, 96% of which are continuing to make investments in Thailand, followed by 76.67% of companies maintaining the same level of investment, and 19.33% of companies planning to increase their investment value, even amid the COVID-19 pandemic.

To help boost investment, the BOI yesterday approved investment promotion packages for the next year, with a focus on large investment projects for targeted industries, and a 50% corporate income tax discount for five years as an extra benefit.

BOI says most foreign investors still confident in Thailand
BOI says most foreign investors still confident in Thailand

Surge in Medical Investment, Higher FDIs, as Thailand Total Applications Rise, BOI says [4]

“The timely and spot-on decision by the BOI Board in April this year to offer stimulus packages for medical sector played a big role in the upsurge of investment in the sector.” “Given the current situation, we will continue to review our scheme and to do what is required to support existing businesses and attract new investment,” said BOI secretary general. Surge in Medical Investment, Higher FDIs, as Thailand Total Applications Rise, BOI says

“Thailand’s performance in the first half of 2020 demonstrates that the country has shown particular resilience to disruption which is important to investment decision,” said BOI Secretary General Duangjai Asawachintachit. In the January-June period, 52 medical sector projects worth 13 billion baht filed investment promotion applications with the BOI, representing a 174% rise in the number of projects and 123% increase in investment value compared to the same period last year, BOI data shows.

Surge in Medical Investment, Higher FDIs, as Thailand Total Applications Rise, BOI says
Surge in Medical Investment, Higher FDIs, as Thailand Total Applications Rise, BOI says

Ministry of Planning and Investment Portal [5]

Thailand’s Board of Investment (BOI) plans to open its representative offices in Myanmar and Vietnam in 2017 and in Indonesia in 2018, as part of the country’s strategy to expand investment in ASEAN member nations. In the first nine months of this year, Thailand’s investment in ASEAN hit197.7 billion baht(nearly 5.5 billion USD), accounting for 55.33 percent of the country’s total investment abroad.

Thailand’s total investment in Myanmar in the first three quarters of 2016 hit 14 billion baht (388.5 million USD). According to Thailand’s Foreign Investment Service Centre, many Thai entrepreneurs have selected Vietnam and Myanmar as their strategic investment destinations, especially in textiles and agricultural product processing./.

Ministry of Planning and Investment Portal
Ministry of Planning and Investment Portal

» Board of Investment retools to drive Thailand 4.0 [6]

The Board of Investment has formed new divisions and approved new investment categories last week to support advanced technologies and research to draw investment into the Eastern Economic Corridor and drive the development of the Thailand 4.0 national strategy, turning the Board into what the Bangkok Post called one of the Kingdom’s busiest state agencies.

» Board of Investment retools to drive Thailand 4.0
» Board of Investment retools to drive Thailand 4.0

○ BOI : The Board of Investment of Thailand [7]

provides an overview of the businesss environment in Thailand, with information about company establishhment, taxation, intellectual property rights, and legal issues.

○ BOI : The Board of Investment of Thailand
○ BOI : The Board of Investment of Thailand

MiRA [8]

The Thailand Board of Investment has long recognized the importance of industrial subcontracting to the ongoing development of industry in Thailand.

MiRA
MiRA

H&P Herrera and Partners [9]

Nevertheless H&P lawyers in Thailand always recommends to apply for BOI promotion if your business plan is feasible and eligible as doing business in Thailand under BOI promotion is a clear advantage in all the key aspects. In contrast, on the other hand, one of the negative aspects is that the registration must take a minimum of 3 months before the BOI certificate is issued. One of the most common attractive aspects of receiving promotion under BOI is the 100% foreign ownership so there is no need to follow the quota of 51% Thai and 49% Foreigner that is the typical shareholding structure of a limited company.

To sum up, H&P proved experience and professional work directly with Thailand Board of Investment in different successful applications and projects in the last few years is a valuable asset for all our clients looking to start business enjoying these incentives. The promotion under BOI can be a decisive factor in the success of your business in Thailand so it is advisable to engage a professional law firm, such as H&P in Bangkok, to work with you in the application.

H&P Herrera and Partners
H&P Herrera and Partners

Mahanakorn Partners Group [10]

The BOI Thailand (Board of Investment Thailand) is the principal government agency for encouraging investment in Thailand by offering incentives to eligible companies. The BOI aims to enhance competitiveness and facilitate investments by offering attractive packages of tax incentives, easing foreign equity restrictions on manufacturing activities and services and waiving restrictions on land ownership by foreign entities.

– Permission for foreign technicians, experts and their spouse or dependents to work and stay in Thailand

Mahanakorn Partners Group
Mahanakorn Partners Group

Thailand Industry 4.0 Online Conference | Netherlands-Thai Chamber of Commerce [11]

Franco-Thai Chamber of Commerce, and its alliance, is pleased to invite you to “Thailand Industry 4.0 Online Conference – Solutions to systematically improve your machine availability”

Thailand Industry 4.0 Online Conference | Netherlands-Thai Chamber of Commerce
Thailand Industry 4.0 Online Conference | Netherlands-Thai Chamber of Commerce

How to Obtain a BOI Promotion in Thailand [12]

Following obtaining a BOI promotion certificate, the company must register the business into the e-expert system. ✓ Investment certificate by the bank of Thailand or evidence of transfer of funds from a foreign country After the interview(s), the BOI will consider the application and evaluate the business’ project.

Typically, this interview is with the BOI officer who has charge over the company’s account. The Board of Investment (BOI) is Thailand’s principal government organization encouraging investment opportunities in Thailand.

How to Obtain a BOI Promotion in Thailand
How to Obtain a BOI Promotion in Thailand

○ BOI : The Board of Investment of Thailand [13]

The Thailand Board of Investment (BOI) at a meeting today approved a combined 209.5 billion baht (US 6.2 billion) worth of investment applications in manufacturing and infrastructure projects, including 36.1 billion baht by Horizon Plus Co., Ltd., a joint venture between Taiwan’s Foxconn and Thailand’s PTT PCL, to make battery electric vehicles (BEV), and approved enhanced benefits for investment in battery production, building up on the policy to become Southeast Asia’s EV manufacturing hub.

○ BOI : The Board of Investment of Thailand
○ BOI : The Board of Investment of Thailand

LTR Visa Consultative Meeting with the BOI [14]

AMCHAM welcomed guest speaker Dhinapa Apaivongse, Investment Promotion Officer, Senior Professional Level from the Office of Board of Investment (BOI), who provided the most recent updates on the Long-Term Resident (LTR) visa.

LTR Visa Consultative Meeting with the BOI
LTR Visa Consultative Meeting with the BOI

Microsoft Thailand joins with BOI to support startups, bringing Microsoft for Startups and M12 to enhance business opportunities and competitiveness of startups to global standards [15]

Duangjai Asawachintachit, Secretary General, Board of Investment and Pawish Jaishuen, Deputy Managing Director, Public Sector, Microsoft Thailand

Microsoft Thailand joins with BOI to support startups, bringing Microsoft for Startups and M12 to enhance business opportunities and competitiveness of startups to global standards
Microsoft Thailand joins with BOI to support startups, bringing Microsoft for Startups and M12 to enhance business opportunities and competitiveness of startups to global standards

BOI – Trade and Investment Support Office (TISO) [16]

The Thai Board of Investment (BOI) provides both Thai and foreign investors opportunity to obtain investment promotion for a variety of businesses under applicable policies and criteria. Those businesses under the BOI promotion will be receive incentives depending on their business activities and merits to the country.

If you are interested in setting up your business in Thailand, we highly suggest you to get an experienced agent like MSNA Group to assist you, to deal with the complicated process of business set up and make a plan for your next move.

BOI – Trade and Investment Support Office (TISO)
BOI – Trade and Investment Support Office (TISO)

BOI Thailand [17]

Within 7 days after the approval of the BOI application, the BOI office will inform the applicant through a written communication detailing the conditions, BOI privileges and benefits which have been granted to the applicant. BOI Announcement No.1/2557, regarding promoting and upgrading technology and machinery for energy conservation, alternative energy utilization, or reduction of environmental impacts, as well as to encourage research and development and advanced engineering design involvement to improve production efficiency. As prerequisite to hiring foreign staff, the newly established BOI company must complete its registration into the e-expert system.

Our corporate lawyers will provide you with detailed information on your BOI Thailand application. Therefore, by doing this, you will be able to identify any changes that need to be made with the BOI business plan and strategy before the submission of the application.

BOI Thailand
BOI Thailand

BOI Company Promotion & Support [18]

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. We have been using the services of Umpire legal to incorporate the company in Thailand with certification of the Board of Investment. 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. 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.

BOI Company Promotion & Support
BOI Company Promotion & Support

BOI Thailand: Board of Investment [19]

Now that you know the various benefits of registering your company in Thailand to the Board of Investment, you should definitely consider taking this step. Once the Office of Board of Investment Thailand has received all these documents, then they will be issuing you the investment promotion certification for your BOI Company, and it is mandatory for you to follow all the conditions mentioned in the certification related to your company. However, if the applicant is unable to submit all these documents to the Office of Board of Investment Thailand within the required time, then he or she must send an explanatory letter to the BOI Thailand, and they will extend your deadline to submit all these documents.

They will also be informing the applicant about the benefits that are assigned in relation to the BOI project. Once the foreign applicants get approved from the e-expert system, then they can make their application for the work permit and visa in Thailand through the BOI one-stop service center (OSOS).

BOI Thailand: Board of Investment
BOI Thailand: Board of Investment

JETRO and BOI organize Seminar “Thailand-Plus-One” [20]

The event, which has also been co-hosted by the Board of Investment (BOI), has aimed at strengthening knowledge of “Thailand Plus One” strategy and expanding investment channels in neighboring countries for business operators which is in line with the Thai governmental policy to promote more outward direct investments especially in nearby countries.

JETRO and BOI organize Seminar “Thailand-Plus-One”
JETRO and BOI organize Seminar “Thailand-Plus-One”

Day 3: EU-ABC Mission to Thailand with BOI [21]

Last meeting of the mission, EABC participates meeting with Office of the Board of Investment (BOI) which delegate by Mr.

Day 3: EU-ABC Mission to Thailand with BOI
Day 3: EU-ABC Mission to Thailand with BOI

Thailand BOI: Enhanced Incentive Packages and Special Incentives for Targeted Activities [22]

– No minimum personal income for experts working for a Thai government agency/ higher education institution, research center or specialized training institution in Thailand. Siam Legal is an international law firm with experienced lawyers, attorneys, and solicitors both in Thailand law and international law. In addition, BOI will provide tax incentives for companies that meet the Automation and Robotic Industry 4.0 transformation standard by an additional 3 days tax holiday.

Any BOI promoted company located in the Science and Technology Zones may receive additional incentives if they attend the eligible activities such as research and development, electronics design of 50% for 5 CIT Reduction years to top-up the standard benefits. Other legal expertise of the law firm varied in cases involving corporate law such as company registration & Thailand BOI, family law, property law, and private investigation.

Thailand BOI: Enhanced Incentive Packages and Special Incentives for Targeted Activities
Thailand BOI: Enhanced Incentive Packages and Special Incentives for Targeted Activities

Thailand BOI Approves New 5-Year Investment Promotion Strategy Focused on Innovative, Competitive and Inclusive Approach to New Economy [23]

– The promotion of investments in the different regions of Thailand that fits the potential of each area and enables inclusive growth – The promotion of Thailand’s overseas investment to expand business opportunities for Thai companies “In view of the challenging, volatile and highly competitive global environment, the BOI will stay ahead of changes and keep promoting investment in a way that achieves concrete results, helping to lead Thailand into the new economy,” Mr.

Over the 9 months to September, the BOI has issued promotion certificates to 1,101 projects, an increase of 17% from the year earlier period. – The promotion of Thailand as a business center, and an international trade and investment gateway for the region

Thailand BOI Approves New 5-Year Investment Promotion Strategy Focused on Innovative, Competitive and Inclusive Approach to New Economy
Thailand BOI Approves New 5-Year Investment Promotion Strategy Focused on Innovative, Competitive and Inclusive Approach to New Economy

Thailand 4.0 – BOI Approves Incentive Scheme For [24]

The Board of Investment (BOI) Thailand agreed to promote investment incentive schemes for “Smart City” to improve living standards.

Thailand 4.0 – BOI Approves Incentive Scheme For
Thailand 4.0 – BOI Approves Incentive Scheme For

Please join the Thailand Board of Investment (BOI) seminar on Long-term Resident Visa in Phuket [25]

Please join the Thailand Board of Investment (BOI) seminar on Long-term Resident Visa in Phuket

Please join the Thailand Board of Investment (BOI) seminar on Long-term Resident Visa in Phuket
Please join the Thailand Board of Investment (BOI) seminar on Long-term Resident Visa in Phuket

Thailand BOI Announces New Incentives for Investor Retention, Relocation, Hydrogen Vehicles USA [26]

Narit Therdsteerasukdi, Secretary General of the BOI, told reporters during a press conference, said: The 2023-2027 Investment Promotion Strategy announced in October aims to help restructure the country’s economy and ensure Thailand is innovative, competitive, and inclusive as it competes in the post Covid-19 world. Premium incentives will be granted to investments in upstream industries entailing innovation and high technology such as biotech, nanotech, and advanced materials that involve technology transfer and cooperation with Thailand’s higher education institutions and research entities.

Thailand BOI Announces New Incentives for Investor Retention, Relocation, Hydrogen Vehicles USA – English, BANGKOK, November 4, 2022 Such projects, classified as “A1+” in the BOI’s nomenclature, will be eligible, depending on the activity, to 10 to 13 years CIT exemption without a cap.

Thailand BOI Announces New Incentives for Investor Retention, Relocation, Hydrogen Vehicles USA
Thailand BOI Announces New Incentives for Investor Retention, Relocation, Hydrogen Vehicles USA

○ BOI : The Board of Investment of Thailand [27]

BOI to Host virtual edition of SUBCON Thailand subcontracting exhibition on Sept 20-27, 2021 The Thailand Board of Investment (BOI), together with the Thai Subcontracting Promotion Association (Thai SUBCON) and Informa Markets Thailand, will hold during September 20-27, 2021, the first SUBCON Thailand Virtual Edition to serve as a business matching platform and promote the country’s parts industry and subcontractors.

SUBCON Thailand, which was first held in 2007, has become a must attend event for manufacturing and procurement executives involved in supply chains for sectors ranging from automotive and electronics to agricultural machinery, medical device industry, automation and robotics. “SUBCON Thailand aims to assist major manufacturers based in Thailand by providing another channel for procurement of raw materials and parts within the country while serving overseas buyers an option of regional potential sourcing destination.”

○ BOI : The Board of Investment of Thailand
○ BOI : The Board of Investment of Thailand

Thailand’s Board of Investment [28]

These include tax and non-tax incentives and BOI-specific work permits that allow firms to employ foreign experts in Thailand. Our team of bilingual counselors help with all phases of BOI certification, from reviewing feasibility studies and registering the company in Thailand, to helping with the application and preparing for the presentation. One of the ways it does this is through incentives to international businesses looking to expand or relocate to Thailand.

The BOI is a national government agency with the mission of developing Thailand through foreign direct investment. BOI certification offers a range of benefits, including the ability to avoid many of the strict regulations on businesses in Thailand.

Thailand’s Board of Investment
Thailand’s Board of Investment

Thailand: number of BOI requested investment promotion projects by region 2022 [29]

Number of BOI requested promotions for investment projects in Thailand in the first three months of 2022, by region

Thailand: number of BOI requested investment promotion projects by region 2022
Thailand: number of BOI requested investment promotion projects by region 2022

Long-Term Resident (LTR) Visa [30]

From 1 September 2022, applicants for the “Long-Term Resident (LTR) visa” will have to submit their application and documents online with the Thailand Board of Investment (BOI) at https://ltr.boi.go.th/.

Long-Term Resident (LTR) Visa
Long-Term Resident (LTR) Visa

How to get BOI promotion and have a 100% foreign-owned company in Thailand ? [31]

How to get BOI promotion and have a 100% foreign-owned company in Thailand ? The Thailand Board of Investment, or BOI, is a government agency that focuses on bringing foreign investors to Thailand.

To become a BOI company, your business must invest the required amount of capital into one of the BOI’s promoted activities. As you can notice, you will have to present your business project into details but if you decide to use Plizz services, we would assist you from end to end, i.e guiding you in what information to gather, preparing the application file, arranging preliminary discussions with BOI officers to finalize your application file so it is accepted, and accompany you for the presentation of your project to the BOI committee.

How to get BOI promotion and have a 100% foreign-owned company in Thailand ?
How to get BOI promotion and have a 100% foreign-owned company in Thailand ?

OUTLOOK JUNE 2021 – The Australian-Thai Chamber of Commerce (AustCham) [32]

However, The following pages provide an overview of main tax and non-tax incentives typically available under BOI promotion. A government agency established to promote investment into Thailand and “from Thailand to overseas”? We can provide you with all the details related to the benefits of the BOI Thailand promotion and any and all tax incentives or non-tax incentives it has to offer, So please do not hesitate to CONTACT US or visit https://www.mbmg-group.com/

The BOI promotes various incentives, both TAX and NON-TAX based, to attract investment into Thailand. The BOI classifies 2 main categories of incentive for business wishing to invest in Thailand:

OUTLOOK JUNE 2021 - The Australian-Thai Chamber of Commerce (AustCham)
OUTLOOK JUNE 2021 – The Australian-Thai Chamber of Commerce (AustCham)

Webinar BOI: Business and Investment Opportunities in the Smart Cities in Thailand [33]

The BOI Paris Office, in collaboration with the BOI Frankfurt Office, is pleased to invite you the webinar

Webinar BOI: Business and Investment Opportunities in the Smart Cities in Thailand
Webinar BOI: Business and Investment Opportunities in the Smart Cities in Thailand

Nguồn bài viết tham khảo

  1. https://thaiembdc.org/invest-in-thailand/
  2. https://swecham.com/news/boi-accelerate-investment-medicalsector/
  3. https://thainews.prd.go.th/en/news/detail/TCATG201222200207241
  4. https://www.prnewswire.com/news-releases/surge-in-medical-investment-higher-fdis-as-thailand-total-applications-rise-boi-says-301113055.html
  5. https://www.mpi.gov.vn/en/Pages/tinbai.aspx?idTin=35548&idcm=148
  6. https://thaiembdc.org/2017/12/25/board-of-investment-retools-to-drive-thailand-4-0/
  7. https://www.boi.go.th/index.php?page=guides&language=en
  8. https://www.mira-event.com/2023/en/contact.asp
  9. https://www.herrera-partners.com/set-up-a-boi-company/
  10. https://mahanakornpartners.com/service/thailand-boi-company/
  11. https://app.glueup.com/event/thailand-industry-4-0-online-conference-57606/
  12. https://mahanakornpartners.com/how-to-obtain-a-boi-promotion-in-thailand/
  13. https://www.boi.go.th/index.php?page=press_releases_detail&topic_id=132463&language=de
  14. https://www.amchamthailand.com/2023/01/16/ltr-visa-consultative-meeting-with-the-boi/?utm_source=rss&utm_medium=rss&utm_campaign=ltr-visa-consultative-meeting-with-the-boi
  15. https://news.microsoft.com/th-th/2022/03/30/microsoft-with-boi-en/
  16. https://msnagroup.com/boi-trade-and-investment-support-office-tiso/
  17. https://www.siam-legal.com/Business-in-Thailand/Thailand-Board-of-Investment.php
  18. https://www.umpirelegal.com/corporate/boi-company-thailand/
  19. https://www.thaiembassy.com/thailand-business/boi-thailand-board-of-investment
  20. https://www.jetro.go.jp/thailand/topics/_377148.html
  21. https://www.eabc-thailand.org/news/day-3-eu-abc-mission-to-thailand-with-boi/
  22. https://www.siam-legal.com/thailand-law/thailand-boi-enhanced-incentive-packages-and-special-incentives-for-targeted-activities/
  23. https://www.prnewswire.com/in/news-releases/thailand-boi-approves-new-5-year-investment-promotion-strategy-focused-on-innovative-competitive-and-inclusive-approach-to-new-economy-301650636.html
  24. https://www.mondaq.com/new-technology/828152/thailand-40-boi-approves-incentive-scheme-for-smart-city
  25. https://www.bangkokpost.com/business/2368980/please-join-the-thailand-board-of-investment-boi-seminar-on-long-term-resident-visa-in-phuket
  26. https://hydrogen-central.com/thailand-boi-announces-new-incentives-investor-retention-relocation-hydrogen-vehicles-usa-english/
  27. https://www.boi.go.th/index.php?page=press_releases_detail&topic_id=129249&language=ko
  28. https://btisolutions.co/boi-thailand/
  29. https://www.statista.com/statistics/1026684/thailand-number-requested-investment-promotions-boi-by-region/
  30. https://london.thaiembassy.org/en/publicservice/long-term-resident-ltr-visa?page=5d6636cd15e39c3bd00072dd&menu=5f4b6eb3f6ae4b236972c562
  31. https://www.linkedin.com/pulse/how-get-boi-promotion-100-foreign-owned-plizz-thailand
  32. https://www.austchamthailand.com/offering-sound-guidance-for-boi-thailand-outlook-june-2021/
  33. https://www.gogate.it/webinar-boi-business-and-investment-opportunities-in-the-smart-cities-in-thailand/

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