BOI-Promoted Company

What is a BOI-Promoted Company?

A BOI-Promoted Company refers to a business that has applied for and received approval from the Board of Investment of Thailand (BOI) to enjoy special privileges when operating in Thailand. These privileges include both tax and non-tax incentives, with the aim of supporting businesses that contribute to the country’s sustainable economic growth.

BOI Incentives

  • Corporate income tax exemption for up to 8 years (depending on the business category)

  • Reduction or exemption of import duties on machinery, raw materials, and supplies used in export production

  • Right to own land for business operations (even for foreign companies)

  • Permission for 100% foreign ownership (for BOI-promoted activities)

  • Facilitated visa and work permit process for foreign executives and specialists

Who Should Apply for BOI Promotion?

Generally, businesses applying for BOI promotion should align with BOI policies, such as:

  • Technology and innovation businesses,e.g., software, digital platforms, AI, and robotics

  • Advanced manufacturing industries, e.g., EV components, industrial machinery, electronics

  • Environmental and clean energy businesses, e.g., renewable energy, recycling, industrial waste management

  • Medical and life sciences, e.g., medical devices, pharmaceuticals, R&D

  • Export-oriented businesses or those enhancing the country’s competitiveness

Why Apply for BOI Promotion?

  • Access to tax incentives that significantly reduce costs

  • Competitive advantages in both domestic and international markets

  • Enhanced credibility and reputation for the business

  • Greater ease of doing business, especially for companies with foreign investors