What we do
Thailand Board of Investment at your service
If you wish to set up an operation in Thailand, your best contact point is the Office of the Board of Investment (BOI), which operates under the Prime Minister's Office and is the principal government agency for encouraging investment. The BOI is available to assist you in numerous ways, including:
Enhancing Competitiveness and Investment Facilitation
· Offers an attractive and competitive package of tax incentives.
· Imposes no foreign equity restrictions on manufacturing activities or on some service.
· Provide assistance in the provision of visas and work permits to facilitate entry and subsequent operation for a foreign-owned business.
· Waives restrictions on land ownership by foreign entities.
· No restriction on foreign currency remittance
Business Support Services
· Provides comprehensive information and advice on establishing operations in Thailand.
· Arranges on-site visits.
· Identifies potential suppliers, subcontractors, joint-venture partners.
· Provides useful contacts with key public and private organizations.
· Coordinates between the foreign business community and other public agencies
The BOI also acts as Thailand's marketing arm and actively promotes the country worldwide as one of the best investment locations in Asia.
The BOI is tasked with devising and implementing strategies under which promotional activities are organized around the globe throughout the year.
The BOI's 14 overseas offices (Beijing, Frankfurt, Guangzhou, Los Angeles, Mumbai, New York, Osaka, Paris, Seoul, Shanghai, Stockholm, Sydney, Taipei and Tokyo) serve as Thailand's front desks in liaising with potential investors.
Support for Investment Overseas
In addition, as overseas investment is considered a national priority, the BOI established the Thai Overseas Investment Services Center (TOISC) and the Thai Overseas Investment Information Center (TOIIC). The TOISC organizes and delivers training modules for Thai businessmen before heading abroad. Meanwhile, the TOIIC not only provides market data for investors but also guides Thai businessmen on how best to invest abroad through the use of consulting teams. In fact, the TOIIC conducts in-depth studies on investment prospects in ASEAN and arranges seminars on many investment-related issues, like laws and regulations on doing business overseas and identifying opportunities in growth industries.
learn more about each of these benefits.
Click on the appropriate link.
The BOI Incentives
The BOI incentives page explains the standard incentives offered by the BOI,
then goes into detail about additional benefits offered to firms engaging in
specific activities, locating in specific areas of the country, or what criteria are
needed to qualify for incentives. This page also has a link to the list of activities
eligible for promotion, which lists not only the activities and their incentives,
but also any conditions that apply to each specific activity.
The BOI Services
BOI services page discusses the myriad investment-promotion services offered by the BOI - given before, during, and after the application process.
It details the BOI assistance in setting up a business and outlines investment
promotion services, such as a matchmaking program which brings foreign and
domestic investors together. The page also spells out information that BOI and
services provided by BOI.
The Setting Up A Business in Thailand link provides an overview of establishing a business and provides links to pages that will help you make an informed decision.
The Organizational Chart provides information about the divisions of the BOI, with contact information for each one.
The Procedures for Obtaining Promotional Privileges page walks you through the application process of applying for BOI promotional privileges - from the time an application is submitted to the time a business starts operation.
The BOI statistics page provides information about the amount of investment, both from within and outside Thailand. The data is displayed in a variety of ways, including by country of origin, and conditions, such as export-orientation or size of project.
There is a download page that provides one location for you to visit and download any of the information referred to in the BOI Home Page.
In addition to the guarantees, permissions and fiscal and non-tax incentives the BOI offers as part of its investment promotion package, there are two units under the BOI that facilitate investment by speeding up the paperwork associated with government regulations.
The BOI coordinated the establishment of a One-Stop Service Center for Visa and Work Permit. The center can process applications or renewals of visas and work permits within three hours, assuming all required documents are provided. In addition, the center handles many other transactions, including changing visa status (to non-immigrant status from tourist or transit), payment of fines, and processing of re-entry stamps, all within three hours or less.
Investors or experts granted privileges under the Investment Promotion Act of 1977 who are allowed to stay in the Kingdom of Thailand on a temporary basis to undertake investment or business activities can also have access to the services provided by the One Stop Service Center.
To make the process of opening a business easier and to provide a central source of information regarding business operations, the Thai government assigned the Board of Investment to bring investment-related agencies under one roof.
The OSOS, which is located downtown, adjacent to a subway station, has staff from almost two dozen agencies available to help investors with various applications to make sure investors understand what is needed to register a company, obtain investment promotion privileges, obtain a foreign business license, complete an environmental impact assessment, request permission to use land for industrial operations, obtain utilities, etc.
What began with 21 government agencies from 10 ministries, in July 2015 the OSOS took a further step to add more services as a part of government commitment to further improve convenience for investors by expanding the scope at the OSOS to include 38 agencies (29 agencies from 14 government agencies and 9 private organizations).
The OSOS range of services includes assisting investors to submit applications for various licenses such as investment promotion, factory and factory operation licenses, foreign business certificates/licenses, etc. The services also include online or manual receipt of applications, which are then passed on to the relevant government agencies for consideration and follow up.
The bottom line is that the OSOS helps investors by cutting through red tape and allows the government to be more responsive to investor needs.
In 2015, the Thai government announced programs to encourage investment in International Headquarters (IHQ) and International Trading Centers (ITC), and investment in Special Economic Zones, with fiscal incentives and other support, assisting investors with increasing their competitiveness and capitalizing on the ASEAN Economic Community (AEC). Investors will further benefit from Thailand's strategic location in Southeast Asia to gain access to growing markets and resources, such as raw materials and labor, in neighboring countries. The OSOS is creating an enabling environment for investors by also acting as a:
- One Stop Service Center for International Headquarters (IHQ) and International Trading Centers (ITC): providing information and consultation on application for privileges from the Board of Investment and the Revenue Department, and assistance with related issues.
- One Stop Service Center (OSS) for 10 Special Economic Zones - TAK, MUKDAHAN, SA KAEO, TRAT, SONGKHLA, KANCHANABURI, CHIANG RAI, NONG KHAI, NAKHON PHANOM, NARATHIWAT: providing basic information on Special Economic Zones and linking with other One Stop Service Centers (OSS) located in each Special Economic Zone, to provide local information and assistance with arranging on-site visits.
To encourage investment in knowledge-based activities in accordance with the government’s “Thailand 4.0” policy, the Board of Investment (BOI) established the Strategic Talent Center (STC) in order to provide the services of qualified and highly-skilled human resources to the private sector. The BOI, in cooperation with five related agencies, the Minister of Digital Economy and Society, National Research Council of Thailand (NRCT), National Science and Technology Development Agency (NSTDA), National Science Technology and Innovation Policy Office (STI), and the Thailand Research Fund (TRF), will provide this service which identifies available specialists or researchers in the fields of science and technology to further support the private sector in conducting R&D and innovation activities for companies who wish to bring in foreign experts when there are shortages of specialists in particular fields. Once their qualifications are recognized, these experts will then be facilitated with support for their visas and work permits.
STC Services include:
1. S&T expert matching
2. Qualifications of experts
3. Visa and work permit facilitationThe One Stop Center for Visas and Work Permits, OSOS, and STC are located on the 18th Floor, Chamchuri Square Building, Phayathai Road, Pathumwan, Bangkok 10330.
Last updated: 30 August 2017