THAILAND BOI
Thailand BOI company registration is one of the ways foreigners may be able to own their Thai business 100%. The Board of Investment promotes investment in the country by offering two kinds of incentives to promoted projects, regardless of location: tax incentives (include exemption or reduction of import duties on machinery and raw materials, and corporate income tax exemptions) and non-tax incentives (include permission to bring in foreign workers, own land and take or remit foreign currency abroad.) Moreover, Thailand BOI offers privileges based on the location of the business in the Investment Promotion Zones throughout Thailand.
Thailand BOI promotion – eligible activities (Information as of January 2016 from www.boi.go.th)
BOI Eligible activities – Section 1: Agriculture and Agricultural Products, for example, fertilizers, plant and animal breeding, a forest plantation, deep-sea fishery, packing and storing of vegetables and flowers, plant or animal fat, products from natural extracts, rubber, biofuels, food additives, food supplement, and cold storage.
BOI Eligible activities – Section 2: Mining, Ceramics, and Basic Metals, for example prospecting minerals, potash mining and dressing, advanced or nanomaterial products, glass, and ceramic products, fire-resistant materials, heat insulation materials, gypsum, steel, metal powder, ferroalloy, and coil centers.
BOI Eligible activities – Section 3: Light Industry, for example, textiles, fabric sports equipment, musical instrument, furniture, toys, jewelry, lens, medical devices, and leather products.
BOI Eligible activities – Section 4: Metal Products, Machinery, and Transport Equipment, for example, metal products or parts, surface treatment, machinery, equipment, automobiles, engines and parts, rubber tires, ships, aircraft, fabrication industry or platform repair for the petroleum industry and science equipment.
BOI Eligible activities – Section 5: Electronic Industry and Electrical Appliance, for example, electrical products, electrical equipment for industrial use, electronic products, transmission cable, parts for telecommunication products, printed circuit boards, solar cells, media for the hard disk drive, flat panel display, software, and E-commerce business.
BOI Eligible activities – Section 6: Chemicals, Paper, and Plastics, for example, industrial chemicals, polymers, oil refineries, petrochemicals, plastic products for industrial goods, plastic packaging, recycled plastic products, and medicines.
BOI Eligible activities – Section 7: Service and Public Utilities, for example, production of electricity, production of tap water, loading facilities for cargo ships, airports, mass transit system, distribution centers, international headquarters, international trading centers, trade investment support offices, energy service companies, real estate development for industrial use, cloud service, research and development, biotechnology-related services, engineering designs, scientific laboratories, calibration, sterilization, and waste treatment.
BOI Eligible activities – Section 8: About targeted core technology development, ie. Biotechnology, Nanotechnology, Advanced Material, Technology, and Digital Technology
