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.
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
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
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