Non-Tax Benefits of Being a Thailand BOI Company

Being a Thailand BOI business has many advantages. Some of these benefits are tax advantages and others are tax-free. The following article explains the non-tax benefits of becoming a Thailand BOI company. It also provides information on the minimum capital investment required for registration, the cost of registering Thailand BOI companies and how to obtain a BOI promotion certificate.

Tax benefits of being a Thailand BOI company

Your business can gain from being a BOI company based in Thailand in a variety of ways. One of them is that you can bring experts and foreign workers to Thailand to work on your projects. Additionally, you’ll be able to apply for visas for spouses and children in one day if you’re a BOI company.

However being a BOI company in Thailand isn’t an easy task. There are many rules and regulations that you must adhere to. First, you must sign up with the Department of Business Development and BOI. You’ll also need to submit a variety of business documents. Third, you will need visit the BOI headquarters frequently.

Minimum capital investment required

The total amount of money that the owner and other shareholders have invested in a company is referred to as investment capital. Capital for investment may be cash, physical assets, or a combination of both. The capital can be used to buy equipment, build premises, or to pay employees. The total value of investment cannot exceed 2 billion Thai baht.

To be eligible to become an Thailand BOI company, a company must make an investment of at least THB 1 million (USD 30,000). The company must have at three shareholders and be registered in Thailand. The activities of the company must also meet the BOI criteria. Eligible industries include manufacturing as well as digital, agricultural, mineral exploration and development of technology.

Cost to sign up a Thailand BOI business

The Thailand Board of Investment (BOI) is an organisation that encourages foreign-owned companies to start operations in Thailand. Its aim is to draw foreign investment to Thailand and grow the economy. It offers a range of incentives for foreign investors. These include tax breaks, incentives for investment as well as the chance to bring skilled professionals and workers into the country. People who plan to set up an enterprise in Thailand are required to obtain the non-immigrant visa ‘B.

You’ll need to put in at least one million Thai Baht in capital for the company in order to establish a Thai company. Other requirements include hiring employees and purchasing machinery. To help you navigate the process, you should engage a lawyer.

Obtained a BOI Promotion Certificate

There are a variety of advantages to setting up the BOI company in Thailand. One of the major is that BOI companies are eligible for special incentives. BOI company is eligible for special incentives. These incentives include the option to be 100 percent foreign owned and reduced requirements for hiring foreign staff. These incentives are advantageous for foreign companies looking to establish an office in Thailand.

BOI companies in Thailand of obtaining the BOI promotion certificate involves meeting various requirements. Firstly, applicants must form a limited company that has at least three shareholders and a director. They also must transfer money from abroad, typically at least 25% of registered capital. They must also identify the investor and the business’s name. They can also seek professional assistance to apply for the business visa in the event that it is required.