How to Get BOI Promotion in Thailand

How to Get BOI Promotion in Thailand: A Step-by-Step Guide

Expanding your business to Thailand? The Thailand Board of Investment (BOI) offers special incentives and privileges to attract foreign investors in targeted industries. With BOI promotion, you can enjoy benefits such as 100% foreign ownership, tax exemptions, and simplified visa and work permit processes.

In this guide, we walk you through how to apply for BOI promotion in Thailand, step by step.

✅ What Is BOI Promotion?

BOI (Board of Investment) is a government agency that supports and promotes foreign and local investment in Thailand.
Companies approved by BOI receive a variety of tax and non-tax incentives including:

Up to 100% foreign ownership.
Corporate income tax (CIT) exemptions for 3 to 8 years depending on the project.
Import duty exemptions on machinery and raw materials.
Land ownership rights for business purposes.
Simplified visa and work permit processes for foreign experts and employees.

🏆 Step-by-Step Guide to Apply for BOI Promotion

Step 1: Check BOI Eligible Activities

First, review the list of BOI-promoted business activities to ensure your business qualifies. BOI focuses on industries like:

Manufacturing & High Technology
Software, IT, and Digital Services
Research & Development (R&D)
Renewable Energy & Environmental Services
Medical, Agro-industry, and Biotech

💡 BRW can help analyze if your business qualifies under BOI categories.

Step 2: Prepare a Comprehensive Business Plan

Your BOI application must include a detailed business plan, covering:

Company overview and objectives.
Products and services.
Investment value and structure.
Employment and technology transfer plans.
Estimated revenue and financial forecasts.

Step 3: Submit BOI Application

Submit your application to the Board of Investment Office, either online or in person.

BOI officers may request additional information or clarification.
The process includes initial screening and assessment of the project.

Step 4: Attend BOI Interview (If Required)

In some cases, BOI may invite you for an interview to explain your business project in more detail.
✅ BRW can help you prepare and present professionally to BOI officers.

Step 5: Wait for BOI Approval

BOI will review and assess your project based on benefits to Thailand, technology use, employment, and innovation.

Approval usually takes 40–90 days, depending on the complexity of the project.
Once approved, BOI will issue a BOI Promotion Certificate.

Step 6: Register Your Company in Thailand

After receiving BOI approval:

Register your company with the Department of Business Development (DBD).
Proceed with Tax ID registration, VAT registration, and other necessary licenses.

Step 7: Enjoy BOI Privileges

Once fully registered, your company can access:

Corporate tax incentives.
Work permits and visas for foreign executives and specialists.
Import duty exemptions.
Support from BOI One-Stop Service Center.

💡 Why Work with BRW?

Navigating the BOI process can be complex. At BRW – Boonrawee Co., Ltd., we offer end-to-end support for BOI application and company setup:

Business feasibility analysis for BOI eligibility.
Professional preparation of BOI business plan and documents.
Assistance during BOI meetings and interviews.
Company registration, tax setup, and legal compliance.
Accounting, work permit, and visa services.

📞 Ready to Get BOI Promotion? Contact Us Today!

Start your journey to successful investment in Thailand with confidence.
👉 Contact BRW now for a free consultation.