Thailand BOI, Thai BOI, BOI Registration by Thai Attorney
Introduction:
If you wish to invest and establish the company in Thailand you should aware of the incentives offered by the Thai BOI, Thailand's Board of Investment. The Thai BOI encourages foreigners to invest in specific activities and investment zones, and there are many Thailand BOI privileges for those who have investments in Thailand. The following are privileges granted to those who invest in Thailand:
Thailand BOI Benefits:
- Permission for foreign investors to own land
- Permission to operate under 100% foreign ownership
- Exemption from work permit and visa rules
- Exemption of import duty on machinery
- Corporate income tax exemption for up to 8 years
- Deduction of Transportation, Electricity and Water Costs
- Deduction of Project's Infrastructure Installation
- Exemption of import duty on raw or essential materials used in the manufacturing of export
products for 5 years
- Permission for foreign technicians, experts and their spouse or dependents to work and stay in Thailand
The following are some promoted activities which Thailand BOI offers special privileges:
- Agriculture & Agricultural Products
- Projects with direct involvement in technological and human resource development
- Industrial zones for environmental preservation, Waste water treatment
- Mining, Ceramics & Basic Metals
- Light Industry
- Metal Products, Machinery & Transport Equipment
- Electronics Industry & Electrical Appliances
- Chemicals, Paper & Plastics
- Software
BOI Thailand registration process:
Tila Legal will prepare an application form for the promotion certificate, then fill out and send to the Thailand BOI Office together with other documents required by BOI. This process will take approximately 4 days. Within 10 days, you will have to make a presentation to the BOI in regards to your business plan. Our staff will accompany you to the meeting with the Thailand BOI.
Once the application has been approved, you will receive an investment promotion certificate within 60 days. The promoted company must follow the conditions laid out in the Certificate.
2nd step: Thailand Company Registration
When you get a notification of approval, we will then assist you to set up a Thai company. After registration is complete, TILA Legal will register the company's TAX ID card and VAT certificate, then submit them to the Central Filing Office of the Revenue Department. If needed, we will prepare required documents to open a corporate bank account. The company directors will have to present themselves to the bank. This step will take approximately 1 week.
If any signatories for the bank account are foreigners, some bank will require each of the foreign signatories to submit a valid work permit prior to opening the account.
With our firm's Thailand BOI service, the application for Thailand BOI privileges is fast and easy. Your company can be free from Thai tax for up to 8 years.
Please feel free to contact us for a free consultation with our lawyers. Give us a call or complete the form below, we guarantee to respond within 24 hours.
For a FREE no obligation consultation please contact us to arrange an
appointment with our English speaking lawyers.
|
||||||||||||
|
