BOI Application
Always wondered how to go about setting up your business in Thailand?
With the re-established laws of the Thailand Board of Investment, setting up a business entity now comes with more benefits and an easier process. It is to encourage foreign investment in Thailand. You will be given up to 100% foreign ownership of your business and up to 8 years corporate tax holiday. Yes, it is what it is.
Do you want to get up to 100% foreign ownership of your business in Thailand?
Thai government has eliminated all the hurdles you might have heard setting up a business entity in Thailand. There are now more benefits, easier process.
Not sure how to go about? We are a one stop service center. Don’t hesitate, Get in touch with us today for a free consultation!
Always wondered how to go about setting up your business in Thailand? With the re-established laws of the Thailand Board of Investment, setting up a business entity now comes with more benefits and an easier process. It is to encourage foreign investment in Thailand. You will be given up to 100% foreign ownership of your business and up to 8 years corporate tax holiday. Yes, it is what it is.
Do you want to get up to 100% foreign ownership of your business in Thailand? Thai government has eliminated all the hurdles you might have heard setting up a business entity in Thailand. There are now more benefits, easier process.
Not sure how to go about? We are a one stop service center. Don’t hesitate, Get in touch with us today for a free consultation!
Eligibility Criteria for BOI Promotion
To be eligible for the investment promotion by the Board of Investment Thailand, your business should be the following industries.
Agriculture and Agricultural Product
Metal Product, Machinery and Transport Equipment
Mining, Ceramics and Basic Metals
Light Industry
Electronic Industry and Electric Appliances
Chemicals, Paper and Plastic
Services and Public Utilities
Technology and Innovation Development
Benefits of Applying for BOI Promotion
Up to 8-years Corporate Tax Holiday
Up to 100% Foreign Ownership
Streamlined Work Permit Applications
Ability to Own Land
Exemption of Import Duties on Raw Materials Used in R&D
Tax Waiver on Importation of Machinery
WHY SHOULD YOU ENGAGE US?
Once you’ve engaged us, our focus is on your business, and your results. Our team dedicate time and effort and we provide our service in both English and Thai. You do not have to worry about additional cost. Yes, you have heard it, No hidden cost! Rest assured.
NO hidden cost
Thorough
follow up
Speed & Responsive
Full service in English & Thai
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What Clients Are Saying About Us
Thank you so much.
CASE STUDY
Cartrack Technologies (Thailand) Co.,Ltd.
Company Name: Cartrack Technologies (Thailand)
Business: GPS Software Developing Company
BOI Category: 5.7.2 Enterprise Software Development
They are a multinational company who wanted to expand their market into Thailand. Their focus was to be able to have 100% foreign ownership. We assisted them on the whole BOI process and applied their project under BOI category 5.7.2 Enterprise Software.
The product in question is a GPS tracking software with real-time monitoring of any fleet of vehicles’ activities, with functionalities including live positioning and vehicle behaviour. BOI benefits that were granted are 5-Years Exemption of corporate income, Visa/Work permit, 100% Foreign Ownership
BOI Application Service
Collective Wisdom Co., Ltd.
Company Name: Collective Wisdom Co., Ltd.
Business: Micro Credit & Lending Platform
BOI Category: 5.9 Digital Platform Service
They are a multinational company who wanted to expand their market into Thailand. Their focus was to be able to have 100% foreign ownership. We assisted them on the whole BOI process and applied their project under BOI category 5.7.2 Enterprise Software.
The product in question is a GPS tracking software with real-time monitoring of any fleet of vehicles’ activities, with functionalities including live positioning and vehicle behaviour. BOI benefits that were granted are 5-Years Exemption of corporate income, Visa/Work permit, 100% Foreign Ownership
Collective Wisdom Co., Ltd.
Company Name: Collective Wisdom Co., Ltd.
Business: Micro Credit & Lending Platform
BOI Category: 5.9 Digital Platform Service
Their project is to develop a credit scoring platform for analysing the credit risk and default risk of the sub-contractors in the supply chain and micro-entrepreneurs. Their main clients are banks and financial Institutions which have no visibility to data to assess credit risks and credit worthiness of micro-entrepreneurs.
The Singapore based VC required wholly foreign ownership of the company which we assisted to apply under BOI category 5.9 Digital Platform Service. BOI benefits that were granted are 5-Years Exemption of corporate income, 100% Foreign Ownership, Exemption of import duties on Hardware
Astroberry Co., Ltd.
Company Name: Astroberry Co., Ltd.
Business industry: Manufacture of Aerospace Devices, Equipment and Operating Systems
BOI Category: 4.11 Manufacture or repair of Aircraft, or Aerospace Devices and Equipment
AstroBerry Limited is one of the first Thai based space technology company and was established to gather international cooperation in aerospace technology with the goal of initiating and developing the space technology industry and the space economy in Thailand. Their objective will be to form a basic platform that will benefit from advanced space technology and utilize available resources in order to strengthen Thailand’s space economy.
AstroBerry inherited space science and technology from the Intelligent Space System Laboratory (N Lab) of the famed University of Tokyo from Professor Dr. Shinichi Nakasuka, one of the founders of AstroBerry Limited and Intelligent Space System Laboratory of Japan.
This was a landmark achievement for our team as it required our multi-agency liaison and also advisory on a very niche area that even BOI themselves have never encountered before. This case created a precedent for BOI applications in space related technology and we even managed to get it approved within the standard timeline.
Consult Our Professional Team
We can make it simple.
Get in touch
Level 3, Prasert Sutt Building 360 Sanambinnam Nonthaburi Road,
Bang Krasor, Mueang Nonthaburi,
Nonthaburi 11000 Thailand
#23-05 International Plaza, 10 Anson Rd, Singapore 079903
TH Phone : +66 (0) 97 106 9113
SG Phone : +65 9102 0303
Office Phone : +66 (0) 2 007 0971
Email : enquiry@inlps.com
Line@ ID : @inlps
MON-FRI : 09:00 – 18:00
Get in touch
TH Phone : +66 (0) 97 106 9113
SG Phone : +65 9102 0303
Office Phone : +66 (0) 2 007 0971
Email : enquiry@inlps.com
Line@ ID : @inlps
MON-FRI : 09:00 – 18:00
Level 3, Prasert Sutt Building 360 Sanambinnam Nonthaburi Road,
Bang Krasor, Mueang Nonthaburi, Nonthaburi 11000 Thailand
#23-05 International Plaza, 10 Anson Rd, Singapore 079903