Tag Archive: BOI

  1. BOI Privileges 2017

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    The Thai Board of Investment (BOI) has introduced its new policy for incentives for qualified investment projects.

    Under the new policy, following tax and non-tax incentives may be granted to successful applicants:

    • Exemption of corporate income tax for up to 15 years
    • Exemption of import duties:
      • on machinery
      • raw or essential materials imported for use in production for export
      • goods for R&D
    • Matching grants for:
      • investment
      • R&D
      • Innovation
      • Human Resources Development
    • For targeted industries:
    • Permission to own land for BOI promoted projects
    • Right to state’s land lease for 50 years and, upon approval, renewal for a further 49 years.
    • 15% personal income tax rate, the lowest rate in ASEAN, for foreign executives working for regional headquarters or international trading companies, treasury centres, along with regional R&D centres.
    • One stop service center to facilitate foreign investors (Providing useful information, and issuing permits for trading, export and import – all in one location)
    • Up to five year work visa issuance

    These major changes are intended to show strong determination of the royal Thai government in reinforcing the existing foundation and create sustainable business growth with the best mutual benefits for investors, Thailand and all Thai people.

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  2. BOI Privileges for E-Commerce

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    The Thailand Board of Investment (BOI) is an agency of the Government of Thailand to promote investment in Thailand. It provides investment information and services for investors, as well as many incentives.

    E-commerce is one of the business categories that are promoted by the BOI. In case a foreign company would like to conduct e-commerce business in Thailand, under the current laws it may apply for BOI certificate under category 5.8 E-Commerce and after obtaining a BOI certificate, apply for Business Certificate under FBA.

    Rights and benefits under new policy: E-Commerce under the new policy falls under the B2 group. Privileges for this group may include exemption from import duty on raw materials and non-tax incentives.

    Non-Tax Incentives are upon discretion of the BOI (case by case basis) and may be as follows:

    1. 100% foreign ownership
    2. Rights to own land for an office and factory
    3. Visa & work permit supports for foreign experts (and their families).

    Remark: This category will not be granted corporate income tax incentives.

    There is no government fee for applying for BOI privileges. BOI promotion is highly recommendable and very much sought after by foreign investor starting e-commerce businesses in Thailand.

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