BOI Thailand Company Setup – Requirements, Benefits & Timeline

A BOI Thailand Company Setup allows foreign investors to establish a legal business with 100% ownership in many industries. The Board of Investment (BOI) supports both Thai and international entrepreneurs through tax incentives, simplified licensing, and exclusive benefits. With the right guidance, BOI promotion can transform your business opportunities in Thailand.

What Is a BOI Thailand Company?

A BOI-promoted company is a business approved by the Thai Board of Investment to operate with special privileges. Unlike regular companies, BOI entities enjoy simplified registration, lower tax burdens, and the ability to hire more foreign staff. This makes the BOI Thailand Company Setup one of the most attractive routes for international investors.

Key government guarantees for BOI companies include:

  • No nationalization of your business activities

  • No state competition in your sector

  • No government sales monopoly or price controls

  • Freedom to export goods and services

  • Fair import duty treatment

 

BOI Thailand Company Setup Requirements

To qualify for BOI promotion, your company must meet specific conditions. This ensures that only businesses contributing to Thailand’s economic development receive benefits. Typically, requirements include:

✅Operating in an approved sector (e.g., technology, logistics, clean energy, advanced manufacturing)

✅Maintaining a minimum share capital of THB 3 million (sometimes higher)

✅Submitting a financial forecast and detailed business plan

✅Complying with Thai labor and visa regulations

Failure to meet even one requirement can result in rejection of the application, so professional support is essential.

BOI Thailand Company Benefits

One of the main reasons foreign investors choose a BOI Thailand Company Setup is the wide range of fiscal and non-fiscal benefits.

📊Fiscal Benefits:

BOI companies enjoy significant tax advantages, which can dramatically reduce operational costs:

  • Corporate income tax exemption for 3–8 years

  • Exemption or reduction of import duties on machinery and raw materials

  • Lower tax rates on dividends and profit repatriation

💵Non-Fiscal Benefits:

Beyond tax savings, BOI companies also benefit from exclusive privileges such as:

  • Permission to own land for business purposes

  • Multiple work permits for foreign staff and experts

  • Free repatriation of profits abroad

  • Protection against nationalization

  • No restrictions on hiring foreign employees

These incentives make the BOI Thailand Company Setup especially attractive to international entrepreneurs.

 

1. What are the benefits of BOI Thailand company setup?

Setting up a BOI Thailand company offers benefits like 100% foreign ownership, tax exemptions, work permit and visa facilitation, and easier business operations in Thailand’s promoted industries.

2. How do I apply for a BOI Thailand company setup?

To apply for a BOI Thailand company setup, you need to submit a business plan, meet industry-specific criteria, and get approval from the Board of Investment (BOI) before registering your company.

3. What are the requirements for BOI Thailand company setup?

BOI Thailand company setup requires a detailed business proposal, investment capital meeting BOI thresholds, and operations in a promoted industry such as tech, manufacturing, or tourism.

 

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