A presentation on the BOI criteria for the next 8 years was recently released on their website. Here is a quick summary of changes/details: The big winner is “knowledge based activities, with a focus on R&D and Design” – I suspect we shall see many applicants in this category Zones have been done away...
The Thailand Board of Investment (BOI) is able to provide special tax privileges to those companies that it promotes. It therefore can be very advantageous—especially for startup companies—to seek promotion from the BOI. The two main tax benefits that the BOI is able to grant are: Exemption of corporate income tax for a period...
Thailand and Malaysia are a pair of emerging Asian “Tiger Cub” economies that each have their own system for encouraging foreign investment. To attract foreigners to set up businesses in each country, we have the Thailand Board of Investment (BOI) promotion one one side and the Malaysia Labuan Company on the other. Each of...
The first meeting of Thailand’s new Board of Investment (BOI) was held on Wednesday, June 18. After taking over control of the country in a military coup, Gen. Prayuth Chan-ocha assumed chairmanship of the new 18-member board. The old BOI had accumulated a backlog of projects awaiting approval. Mirroring the quick action it has...