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Board of Investment Thailand: How to Apply

Jul 15

Are you looking for BOI Thailand? There are some prerequisites to meet in order to apply. You must inject at least 25% of the total amount of investment before you will receive a BOI certificate. Moreover, you must complete the investment amount within 36 months. The requirement for foreign investment is one million Thai Baht, but the amount may vary depending on the type of business you plan to set up. Read on to learn more about how to apply for BOI Thailand and how to get a Thai Work Permit.

 

How can you apply for the Board of Investment Thailand

First of all, you need to know the eligibility criteria on how to apply for BOI promotion. In order to get the BOI's approval, your company must be in one of the eligible business categories. After you have checked the list, you will need to submit an application form for the category you wish to operate in. You can obtain this form directly from the BOI in Bangkok or through their e-investment platform. It is best to contact a lawyer for further information.

Once you have verified the eligibility of your business, you can apply for BOI privilege. You can apply for BOI privilege under the name of your company or under the name of the company. Once you have submitted your application, the BOI will evaluate your business project and its forms, based on the investment capital. You need to be aware that you must apply for the BOI promotion within ten working days. After submitting your application, you will have to register your company on the e-investment platform of BOI and wait for the approval.

 

BOI Thailand Eligible Activities for Promotion

Interested in becoming a BOI member? Then read this article to learn more about the eligible activities for BOI Promotion in Thailand. In Thailand, BOI is a government program that helps develop the competitiveness of business enterprises in the industrial, service, and agricultural sectors. As an active member of the BOI, your company can receive tax incentives to attract new investment and boost your business.

The BOI offers a variety of incentives to foreign businesses. Incentives for establishing a business in Thailand include exempt import duties for machinery, goods, and services required for R&D. For example, Thailand offers a favorable tax rate of 17% to foreign executives and company regional headquarters. You can also take advantage of a one-stop service center for foreign investors in Thailand, which offers useful information on establishing a business, exporting, and trading.

 

Thai Work Permit Requirements

There are many privileges and unique benefits offered by the Thai Board of Investment, one of which is a reduced requirement for foreign employee visas. These visas are necessary for all businesses in Thailand, but there are some specific requirements for businesses promoted by the BOI. Unlike other structures, the work permit requirements for promoted companies are relaxed. There are no minimum Thai staff numbers or mandatory capital requirements. If you are interested in opening a business in Thailand, check out these advantages and special benefits.

Before bringing an employee from another country, you should check with the BOI on the necessary work permit requirements. If you are hiring a foreign national, you should first register your company on the BOI's website to ensure that your work permit application is processed correctly. Once you've done this, you can apply for the required work permit. The work permit requires a minimum of two years of experience in a related field. The applicant must have a bachelor's degree in the field of work and must have two to five years of work experience in that field. If you are planning to work in Thailand, you should take note of these requirements and follow them carefully.