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Sunday, October 2, 2022

Investment Incentives For Foreign Businesses In Thailand

Thailand’s Board of Investment (BOI) is the main government agency responsible for promoting foreign investment in the country, and as such, also provides the necessary incentives, services, and information for foreign companies.

These incentives range from corporate income tax exemption to import duty exemptions on raw materials.

Businesses that are promoted by the BOI also have the advantage of being 100 percent foreign-owned.

The main and most lucrative incentives for foreign businesses are issued by Thailand’s Board of Investment (BOI). The BOI was established in 1966 to promote foreign investment in Thailand by providing incentives, services, and information for businesses.

Under the Investment Promotion Act, the BOI has is empowered to grant fiscal and non-fiscal incentives for both foreign and local businesses that engage in business activities promoted by the…

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