BOI Promotion Thailand | Tax Incentives & Foreign Ownership

Thailand's Incentive For Foreign Investment

The Board of Investment promotes over 200 business activities across 7 categories. If yours is on the list, you get incentives that make Thailand significantly cheaper to operate in: no corporate tax for up to 8 years, no import duties on machinery, permission to own land, and 100% foreign ownership.

The BOI isn’t just for factories. Software companies, digital platforms, R&D centers, data centers, and creative studios all qualify.

What you

Get

Core advantages of BOI promotion.

Tax Exemption

3-8 years at 0% corporate income tax. The duration depends on your promoted activity category and investment zone.

Import Duties

Waived on equipment and raw materials used in your promoted activity.

Work Permits

Simpler process — BOI One Stop Service Center handles visa and work permit applications faster than the standard route.

Getting BOI Approval

Step 1: We identify the right activity category for your business (this is where most applications succeed or fail). Step 2: We prepare a project proposal with your investment plan, staffing plan, and technology description. Step 3: We submit to the BOI office. Step 4: Committee review takes 40-90 business days. Step 5: You receive your promotion certificate with specific conditions.

After approval, we register your company (2 weeks) and provide ongoing annual compliance reporting.

Related Business Types

Representative Office

Establish a representative office in Thailand for market research, quality control, and coordination with Thai suppliers and government agencies.

Trading & Import/Export

Import, export, and local trading operations in Thailand including customs registration, duty compliance, and Foreign Business Act requirements.

Service Business

Operating a professional service company in Thailand including consulting, IT, and business services with VAT and withholding tax obligations.