Sriwilai Accounting & Tax Solutions
BOI Registration
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BOI Registration Assistance
Sriwilai Accounting provides end-to-end BOI registration support for clients across Thailand. The Board of Investment (BOI) is a government agency that encourages foreign investment in the country by offering various incentives and benefits to eligible businesses.
Why Register with BOI?
There are several strong reasons why businesses opt for BOI registration in Thailand. A major benefit is the extensive tax relief and exemptions available, allowing companies to lower their financial burden and improve overall profitability. Beyond tax advantages, the BOI also provides hands-on support during the business setup process — including help with acquiring essential permits and licenses.
Another key advantage is access to a variety of government-backed services and resources. These include guidance on choosing the most strategic location for your operations, support in hiring and training staff, and assistance with branding, promotion, and expansion initiatives.
Benefits of BOI Promotion:
✅ 100% Foreign Ownership: Typically, foreign investors can own up to 49% of a Thai company. However, with BOI promotion, 100% foreign ownership is permitted, providing greater control over your business operations.
✅ Tax Incentives: BOI-promoted companies may receive corporate income tax exemptions for up to 8 years, depending on the project and industry.
✅ Import Duty Exemption: Exemption from import duties on machinery and raw materials used in production can significantly reduce operational costs.
✅ Visa and Work Permit Facilitation: Easier procedures for obtaining visas and work permits for foreign employees, enhancing workforce flexibility
BOI Registration Procedure:
Investor Account Registration:
Create an investor account on the BOI’s online system to begin the application process.
Application Preparation:
Prepare and submit the BOI application form along with necessary documents, including a detailed business plan, investment plan, and any required presentations.
Presentation to the BOI Board:
Attend a presentation session where you will present your project to the BOI board. This step is crucial for demonstrating your project’s alignment with BOI objectives.
Approval Notification:
After approximately 30 days, the BOI will notify you of the approval status. Upon approval, you can proceed with company registration.
Company Registration in Phuket:
Register your company with the Department of Business Development (DBD) in Phuket, ensuring compliance with Thai company laws.
Bank Account Opening and Capital Deposit:
Open a company bank account and deposit at least 25% of the registered capital to meet legal requirements.
Final Documentation:
Submit all required documents to the BOI to receive your Investment Promotion Certificate, granting you access to the associated benefits.
