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Thailand: The gateway to Asia

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

Thailand BOI Approves Steps to Ease COVID-19 Impact, Accelerate Investment in Medical Sector – Thai-Swedish Chamber of Commerce [1]

The Board of Investment of Thailand (BOI) approved a series of measures to mitigate the impact of the coronavirus or COVID-19 outbreak on business, including steps to encourage rapid investment in the manufacturing of medical equipment on 13 April 2020.

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 applications up sharply in first half [2]

The Board of Investment (BoI) reported yesterday in the first six months of this year, applications increased by 14% from the same period last year in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation.

BoI applications up sharply in first half
BoI applications up sharply in first half

What is BOI (Board of Investment) ? – สำนักงานบัญชี & Audit Firm [3]

The Office of the Board of Investment (BOI) was established in 1997, they are the official investment promotion agency in Thailand, providing both local and foreign investors the information and services they need to know about investing in the country.

What is BOI (Board of Investment) ? - สำนักงานบัญชี & Audit Firm
What is BOI (Board of Investment) ? – สำนักงานบัญชี & Audit Firm

» Invest in Thailand [4]

If you wish to set up an operation in Thailand, your best contact point is the Office of the Board of Investment (BOI).

» Invest in Thailand
» Invest in Thailand

○ BOI : The Board of Investment of Thailand [5]

In order to make the work of the Office of the Board of investment (BOI) faster and more efficient, so as to better facilitate promoted investors, the BOI has laid out procedures for applying and implementing promotion privileges, according to the BOI announcement No.1/2553 regarding the “Time Frame for Investment Promotion Procedures”.

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

Thailand BOI approves new 5-Year Investment Promotion Strategy focused on innovative, [6]

The Thailand Board of Investment (BOI) at a board meeting held in the 2nd week of October approved the framework of its new Investment Promotion Strategy for the next five years, which will focus on entering the new economy era by encouraging technological advancement, the transition to green and smart Industries, talent development, as well as creativity and innovation, to strengthen the country’s status as a regional hub for business, trade and logistics. “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.

To implement the strategy and its vision of the new economy, the BOI will articulate its investment promotion policies around seven pillars: From January to September 2022, foreign and local investors filed with the BOI a total of 1,247 applications for investment promotion, worth a combined 439.1 billion Baht (US$ 11.6 billion).

Thailand BOI approves new 5-Year Investment Promotion Strategy focused on innovative,
Thailand BOI approves new 5-Year Investment Promotion Strategy focused on innovative,

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

Thailand Q1 Investment Applications Soar 80% as FDI More Than Double, Led by Medical and E&E, BOI Says The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.

In the whole of 2020, investment applications received by the BOI had a combined value of 481.1 billion baht, with the electric and electronics, agriculture and food processing sectors leading the way, while the medical sector saw a surge from the second quarter onward due to the impact of the coronavirus pandemic on demand for medical supplies and devices.

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

BoI expects P1-T investment goal to be 80-90% filled by midyear [8]

Pascual, who chairs the BoI, was commenting after the BoI reported P414.3 billion worth of approved investments as of Feb. Pascual said the BoI could hit 80% to 90% of the target before the middle of the year as the IPA is still following up on other investment leads. The BoI accounted for 76% of the P927 billion worth of total IPA foreign and domestic approved investments in 2022.

The BoI is an investment promotion agency (IPA) of the Department of Trade and Industry. Last year, the BoI recorded P729 billion worth of approved investments, up 11%.

BoI expects P1-T investment goal to be 80-90% filled by midyear
BoI expects P1-T investment goal to be 80-90% filled by midyear

File:Board of Investments (Philippines) [9]

== {{int:filedesc}} == {{Information |Description = {{en|1=Logo of the Board of Investments of the Philippines (BOI)}} |Date = 2010-09-02 |Source = Board of Investments (BOI) |Author = Board of Investments (BOI) |Permission = |Other_versions = }} == {{int:license-header}} == {{PD-PhilippinesGov}} Category:Logos of governments and government agencies of the Philippines

File:Board of Investments (Philippines)
File:Board of Investments (Philippines)

New 5-year investment strategy from the BOI [10]

Thailand’s Board of Investment (BOI) has begun its new investment promotion strategy for the next five years (2023–2027).

New 5-year investment strategy from the BOI
New 5-year investment strategy from the BOI

Thailand BOI Approves New 5-Year Investment Promotion Strategy Focused on Innovative, Competitive and Inclusive Approach to New Economy [11]

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

Thailand’s BOI approves new five-year investment promotion strategy [12]

Thailand’s Board of Investment (BOI), at a board meeting held on 12 October 2022, approved the framework of its five-year investment promotion strategy (2023-2027), which focuses on entering the new economic era by encouraging technology advancement, the transition to green and smart industries, talent development, and connectivity to strengthen the country as a regional hub for businesses and logistics.

Thailand’s BOI approves new five-year investment promotion strategy
Thailand’s BOI approves new five-year investment promotion strategy

BoI holds seminar on investment [13]

ISLAMABAD: The Board of Investment (BoI) organised an investment promotion seminar to apprise the potential foreign investors on investment policies and potential in Pakistan.

BoI holds seminar on investment
BoI holds seminar on investment

Board of Investments (BOI) [14]

The BOI will track the business climate of the Philippines by not only facilitating and recording incoming foreign investments. To jumpstart investment activity, look no further than BOI’s One Window Network (BOI-OWN), the Board’s own cloud-based web portal and mobile application system that promotes full transparency and accountability through its Customer Relation Management (CRM) application/system. An attached agency of the DTI, the BOI is the lead investment promotion agency of the Philippine government.

Following the directive of its parent organization, the BOI aims to promote investments in industries and in the regions for balanced economic development. To speak more of the growth that the BOI has overseen in the last few months alone, it was reported in December 2017 by ABS-CBN News that the agency notched an all-time high of PHP 616.7 billion in investment approvals that calendar year, which is the highest that the agency has seen in its 50 years of service.

Board of Investments (BOI)
Board of Investments (BOI)

BOI Thailand [15]

BOI Thailand or Thailand Board of Investment was established in 1997 to provide investment incentives for both foreign and local entrepreneurs who are interested in investing in the agency’s promoted activities.

BOI Thailand
BOI Thailand

Board of Investment (BOI) Expertise [16]

We assisted one particular Fintech company with adapting their ‘generic’ presentation into something more solid for the BOI to comprise the breakdown of investment in Thailand, the interlationship between the foreign company involved and the Thai company to be formed, a detailed description of budget and financial plans, a Human Resources chart showing anticipated development and growth, and an explanation of how the technology works and the involvement of third parties in order to explain the regulatory matter which were and were not applicable.

Board of Investment (BOI) Expertise
Board of Investment (BOI) Expertise

Outsource Accelerator [17]

The Board of Investments (BOI) provides all the resources and incentives you’ll need to help investors reach their full potential. In addition, the Board of Investments (BOI) can coordinate programs to enhance investor-friendly and effective collaboration. The Board of Investments (BOI) will provide productive and knowledgeable service while maintaining the highest standards of integrity and professionalism to fulfill these obligations.

The Board of Investments (BOI) is dedicated to developing internationally competitive industries and attracting both domestic and international investment. The Board of Investments (BOI) is a public sector investment promotion organization that offers tax incentives to both domestic and international companies operating in the Philippines.

Outsource Accelerator
Outsource Accelerator

Thailand BOI Approves New 5-Year Investment Promotion Strategy Focused on Innovative, Competitive and Inclusive Approach to New Economy [18]

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

BOI investment pledges hit P644.4B as of Nov, up 73.5% [19]

The Board of Investments (BOI) has approved P644.4 billion in new investments from January until the middle of November, 73.5 percent higher than the P371.4 billion approved during the same period last year. According to data from the BOI, domestic investments accounted for 81 percent or P518.3 billion of the total commitments, while 19 percent or P126.1 billion are foreign investments.

“The BOI remains optimistic that foreign investments in 2023 will show significant growth given the game-changing economic reforms enacted in the Philippines,” the BOI said in a statement.

BOI investment pledges hit P644.4B as of Nov, up 73.5%
BOI investment pledges hit P644.4B as of Nov, up 73.5%

BOI frames new 5-year investment promotion strategy to pave way for new economy [20]

BOI frames new 5-year investment promotion strategy to pave way for new economy

BOI frames new 5-year investment promotion strategy to pave way for new economy
BOI frames new 5-year investment promotion strategy to pave way for new economy

Board of Investment 2022 Roadmap for Foreign Investors in Thailand [21]

Therefore, the Board of Investment (BOI) of Thailand was founded to assist foreign investors in conducting business in Thailand.

Board of Investment 2022 Roadmap for Foreign Investors in Thailand
Board of Investment 2022 Roadmap for Foreign Investors in Thailand

Thailand: investment value of BOI requested investment project promotions by region 2022 [22]

The total investment value of BOI requested promotions for investment projects in the whole country reached about 110.7 billion Thai baht in that year. Investment value of BOI requested promotions for investment projects in Thailand in the first three months of 2022, by region (in billion Thai baht)

“Investment Value of Boi Requested Promotions for Investment Projects in Thailand in The First Three Months of 2022, by Region (in Billion Thai Baht).” Statista, Statista Inc., 27 Apr 2022, https://www.statista.com/statistics/1026849/thailand-investment-value-requested-investment-promotions-boi-by-region/ Thailand Board of Investment, Investment value of BOI requested promotions for investment projects in Thailand in the first three months of 2022, by region (in billion Thai baht) Statista, https://www.statista.com/statistics/1026849/thailand-investment-value-requested-investment-promotions-boi-by-region/ (last visited February 27, 2023)

Thailand: investment value of BOI requested investment project promotions by region 2022
Thailand: investment value of BOI requested investment project promotions by region 2022

BOI Thailand: Board of Investment [23]

– Investment values more than 200M THB – Consideration by subcommittee for the approval of BOI plan within 60 working days after the application gets submitted. If you wish to receive the BOI investment promotion certification, then it is crucial for you to set up a Thai company six months after your application gets approved by the BOI Thailand.

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. The entire investment must be completed thirty days before the issuance of the BOI promotion certificate.

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

The BOI Enhances its Merit-based Incentives [24]

Thailand’s Board of Investment (“BOI”) has resolved to enhance merit-based incentives to boost industrial competitiveness.

The BOI Enhances its Merit-based Incentives
The BOI Enhances its Merit-based Incentives

Thailand BOI Company, Board of Investment Thailand [25]

BOI (Board of Investment) Law, is a promotional policy created in 1954 when the government announced its Industrial Promotion Act. The foreign workers / BOI applicant, and newly established BOI company needs to be a valuable investment for Thailand.

The general qualifications when applying for a BOI investment promotion certificate are as follows: The Juslaws & Consult Thai Law Firm with a team of lawyers provide a full range of support for clients opening and starting their business under BOI – Board of Investment – promotion in Thailand.

Thailand BOI Company, Board of Investment Thailand
Thailand BOI Company, Board of Investment Thailand

» BOI adds incentives for communities, attracting hi-tech [26]

Board of Investment (BOI) officials said that large companies that set up small-scale factories in rural areas would be entitled to additional corporate tax waivers for three years, while community-based businesses will be given corporate income tax exemptions for five years.

» BOI adds incentives for communities, attracting hi-tech
» BOI adds incentives for communities, attracting hi-tech

Mahanakorn Partners Group [27]

The BOI Thailand (Board of Investment Thailand) is the principal government agency for encouraging investment in Thailand by offering incentives to eligible companies.

Mahanakorn Partners Group
Mahanakorn Partners Group

Nguồn bài viết tham khảo

  1. https://swecham.com/news/boi-accelerate-investment-medicalsector/
  2. https://www.bangkokpost.com/business/2162731/boi-applications-up-sharply-in-first-half
  3. https://www.accconsultingservice.com/boi-eng/?lang=en
  4. https://thaiembdc.org/invest-in-thailand/
  5. https://www.boi.go.th/index.php?page=procedures&language=en
  6. https://www.bangkokpost.com/business/2416296/thailand-boi-approves-new-5-year-investment-promotion-strategy-focused-on-innovative-
  7. https://www.boi.go.th/index.php?page=press_releases_detail&topic_id=127797&language=zh
  8. https://www.bworldonline.com/economy/2023/02/19/505639/boi-expects-p1-t-investment-goal-to-be-80-90-filled-by-midyear/
  9. https://en.m.wikipedia.org/wiki/File:Board_of_Investments_%28Philippines%29_-_BOI.svg
  10. https://www.belaws.com/thailand/boi-investment-strategy/
  11. 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
  12. https://www.pattayamail.com/thailandnews/thailands-boi-approves-new-five-year-investment-promotion-strategy-413753
  13. https://www.brecorder.com/news/40138218/boi-holds-seminar-on-investment
  14. https://www.outsourceaccelerator.com/articles/board-of-investments-boi/
  15. https://www.siam-legal.com/Business-in-Thailand/Thailand-Board-of-Investment.php
  16. https://www.hugheskrupica.com/board-of-investment-boi-expertise/
  17. https://www.outsourceaccelerator.com/glossary/board-of-investments-boi/
  18. https://ffnews.com/newsarticle/fintech/thailand-boi-approves-new-5-year-investment-promotion-strategy-focused-on-innovative-competitive-and-inclusive-approach-to-new-economy/
  19. https://business.inquirer.net/374092/boi-investment-pledges-hit-p644-4b-as-of-nov-up-73-5
  20. https://www.nationthailand.com/thailand/economy/40021104
  21. https://www.konradlegal.com/2022/03/24/board-of-investment-2022-roadmap-for-foreign-investors-in-thailand/
  22. https://www.statista.com/statistics/1026849/thailand-investment-value-requested-investment-promotions-boi-by-region/
  23. https://www.thaiembassy.com/thailand-business/boi-thailand-board-of-investment
  24. https://mahanakornpartners.com/the-boi-enhances-its-merit-based-incentives/
  25. https://www.juslaws.com/business-commercial/boi-registration
  26. https://thaiembdc.org/2016/03/04/boi-adds-incentives-for-communities/
  27. https://mahanakornpartners.com/service/thailand-boi-company/

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