BOI Thailand

Thailand’s Board of Investment offers incentives and benefits to overseas firms. Baan Thai is your end-to-end BOI solution — from registering your firm to facilitating expat work permits to achieving and maintaining compliance.

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What is Thailand’s Board of Investment (BOI)?

The BOI is a national government agency with the mission of developing Thailand through foreign direct investment. One of the ways it does this is through incentives to international businesses looking to expand or relocate to Thailand. These include tax and non-tax incentives and BOI-specific work permits that allow firms to employ foreign experts in Thailand.

Baan Thai Immigration Solutions is your single source of BOI expertise: Our bilingual counselors will help you through every step of the certification process.

Why apply for BOI certification?

BOI certification offers a range of benefits, including the ability to avoid many of the strict regulations on businesses in Thailand.

How to apply for BOI Thailand

Eligibility

Central to the BOI’s mission is the development of Thailand through innovation, increased competitiveness, decreased disparity, green initiatives, and regional development. You must be able to show that your business will contribute to this mission through technology transfer or skills development.

Businesses applying for BOI certification must:

Agricultural, Bio, and Medical Industries:

Agro and Food Industry, Medical Industry, Biotechnology

Advanced Manufacturing:

Automotive, Machinery, Electronics and Appliances, Defense

Digital, Creative, and High-Value Services:

Creative Industry, Digital Industry, Professional Services, Tourism, Logistics

Basic and Supporting Industries:

Mining, Chemicals, Paper, Energy, Industrial Development

Process

The BOI lists 8 steps for certifying your company:
Prior to this you should have already completed a feasibility study and have a good understanding of the Thai business environment. The Baan Thai team can help with any phase of your preparation and with the application process itself.

Challenges

The BOI application process is complex, time-consuming, and demanding. It can be difficult to get your business processes and team members approved, and once up and running, it can be difficult to meet the BOI’s operational demands. Typical compliance challenges include:

The Thai government has an English language BOI website with an online E-submission portal.

The full details are listed in their Guide to BOI.

BAAN THAI IMMIGRATION SOLUTIONS

Board of Investment Experts

We are an international law firm based in Bangkok that specializes in helping foreign firms set up operations in the Kingdom. Our team of bilingual counselors help with all phases of BOI certification, from reviewing feasibility studies and registering the company in Thailand, to helping with the application and preparing for the presentation.

Contact us for a free consultation.

"As the founder of a business in Thailand, I know my team can handle any challenge Thai officialdom throws at us. Their expertise lets me focus on running our company, and they can do the same for you."

Mark Friedman
Managing Director
Baan Thai Immigration Solutions

Free BOI Consultation

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What our clients say

"Khun Ing accompanied me through every step of the Permanent Residency process."

Hi, my name is Ahmet. I am a legal executive working for a multinational corporation with headquarters in Los Angeles, in charge of our

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"I feel that I’m well taken care of…"

My name is Hazel from Korea and I’ve been using Khun Ing’s visa and immigration services since 2018. It’ll be my fourth year and

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"My family and I were very relieved and very happy."

Hi, my name is Scott. I’ve been living and working in Thailand for the past 2 and a half years. My wife and my

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FAQ

At least three shareholders are required at all times. In principle, participation by non-Thais is limited to 49% of capital shares. However, this limit can be removed if the business is unique, does not compete with Thai businesses, or involves dealings among members of an affiliated company.
Yes, the BOI website is set up for online applications. You’ll soon discover, however, that the process gets derailed by opaque decision-making, unexpected requests, and technical difficulties. Unless you’re well experienced in Thai officialdom and fluent in the language, you may find it overwhelming. The most common comment we hear from people who go it alone is, “I really wish I had just hired someone.”
Yes. First, the new employer arranges a new BOI work permit and extension of stay, then the BOI cancels the existing work permit.
Yes. First, the new employer must apply to the BOI for the new work permit, then the existing regular work permit will be canceled. Unlike with regular work permits, the employee does not have to leave Thailand for the BOI work permit.
Yes, but the BOI work permit and visa must be canceled. This means the person must leave Thailand and apply for a new visa at a Thai embassy abroad.

The main BOI office is in Bangkok, and seven regional offices are located around the country. Note that BOI work permits are processed in the central Bangkok business district, not at the Immigration Center on the outskirts of the city.

There are also BOI offices in Japan, China, Korea, Taiwan, Indonesia, India, Vietnam, Germany, France, Sweden, Australia, and the USA. These are tasked with promoting Thai business and industry abroad.

We are ready to answer your questions about BOI certification and work permits.

Our dedicated and experienced team is ready to help you as we have so many others. Contact us today for your free consultation.