Thailand Board of Investment
The Thailand Board of Investment (BOI) is a government agency with the task of promoting investments in Thailand through monetary incentives. The BOI reports directly to the Ministry of Industry. The head office is in Bangkok . The BOI also has branches around the world, including in Germany.
General
As a practice-oriented contact point for Thai and international companies, it provides information and services for investment opportunities in Thailand and offers a wide range of funding and measures.
According to its current concept, the BOI focuses on the manufacturing economy and the equal promotion of various areas. The amount of tax rebates (and tax exemptions up to 8 years) are generally tied to the region in which the investment is to be made. In addition, (almost) all BOI-funded foreign shareholders receive the approval to hold 100% of the company shares, to acquire land for full ownership and easier access to a foreign business license and work permits for foreign specialists (without the otherwise - according to applicable investment law provisions - Basically required 2 million THB (approx. 40,000 EUR) fully paid-in share capital and the mandatory four Thai employees per work permit).
In the last 15 years there has been no fundamental revision of the main funding guidelines. This will change in 2013. In January 2013, after extensive analyzes of the economic situation in Thailand and the regional framework conditions, the BOI presented its new five-year investment promotion strategy. This will be implemented by the end of 2013 and means a departure from the previous concept. As part of this, the BOI is now setting new priorities and will promote 10 core industries in a more differentiated manner. In order to enable investors to adapt to these policy changes in a transition phase, these new guidelines will only come into force on January 1, 2015.