Professional Accounting Services in Thailand

Professional Accounting Services in Thailand

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Starting a Business

BOI Company

Applying for a BOI Promotion should always be the first option considered when opening a company in Thailand.

Companies that have received a BOI promotion are eligible for great benefits such as 100% foreign ownership, tax exemptions (depending on the company’s business activities), and relaxed work permit and visa rules.
  • 100% Foreign Ownership
  • Incentives
  • Hiring Foreign employees

Cost

250,000THB

Investment

Minimum 1M THB required capital

Process Time

3 to 6 months
BOI company

Limited Company at a glance

  • 100% foreign ownership is permissible for specific business activities. For others, forming a joint venture with a local partner might be necessary.
  • A preference share structure, combined with a meticulously drafted shareholders' agreement, serves to safeguard the interests of foreign investors.
  • A minimum capital of 2 million THB and a ratio of four Thai employees for every foreign employee are typically necessary to support each work permit.
Additional meetings with the BOI requiring our attendance: 8,500 per meetings. Additional questions from the BOI after the filing of the application: 5,000 per set of answers. Translation of documents from English to Thai: 1,500 per page.

Why trust VB & Partners for your BOI Company?

Embarking in a business venture in Thailand can be tricky. That’s why VB & Partners is here to help. Our comprehensive range of services covers every step, from initial business feasibility assessments to complete incorporation and running your business operations.

Navigating local laws and regulations is an essential concern for foreign enterprises. Our tailored packages are designed to ensure adherence to legal and local practices. Backed by a team of experts who are familiar with the Thai market and regulations, resulting in the smooth operation of your business.

What does this package include

  • Review documents
  • Practice for the BOI meeting
  • Attend online BOI meetings
  • Submit the BOI application
  • Wait for approval notification
  • Document translations
  • Send acceptance letter

Open your
BOI Company NOW

Min 1M THB capital required. Approval in3 to 6 months
Apply Now

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Whether you are getting started in Thailand or are looking for a new accounting service, our experts are ready to help. 

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Frequently Asked Question

What is the BOI?

Establishing a BOI company in Thailand provides foreign investors with a unique opportunity to benefit from a range of incentives offered by the Board of Investment (BOI). The BOI is a government agency that promotes foreign investment in Thailand by providing information, services, and incentives to interested investors. By setting up a BOI-promoted company, businesses can enjoy tax exemptions, streamlined processes, and the ability to fully own their operations. This guide will explore the advantages of establishing a BOI company, the application process, and essential information for prospective investors.

What are the benefits of obtaining a BOI Promotion for your company?

What are the benefits of obtaining a BOI Promotion for your company?

Benefits include tax holidays, 100% foreign ownership in certain sectors, easier work permit processing for foreign employees, access to government support programs, and enhanced competitiveness in local and international markets.

What is BOI approval?

BOI approval refers to the recognition and endorsement granted by Thailand’s Board of Investment to qualifying businesses. This approval provides access to special incentives and privileges designed to attract foreign investments and promote economic growth.

Understanding the Board of Investment (BOI)

The Board of Investment (BOI) in Thailand was established to encourage both domestic and foreign investments. Operating under the Office of the Prime Minister, the BOI plays a crucial role in promoting economic growth by offering various incentives to attract foreign businesses.

What types of businesses are eligible for BOI promotion?

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Eligible businesses include those involved in manufacturing, technology development, agriculture, services that promote exports or utilize local resources effectively.

Do I need to be physically present in Thailand during the application process?

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While it's not mandatory to be physically present during the entire application process, you may need to visit for interviews or meetings with BOI officials at certain stages.

Can I apply for multiple projects under one BOI application?

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Yes, you can apply for multiple projects under one application; however, each project must meet specific criteria set by the BOI. This text is structured for clarity and engagement while incorporating relevant keywords naturally throughout the content. It provides comprehensive coverage of "BOI company in Thailand," enhancing its potential for ranking well on search engines.

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