Quick Answer
BOI registration in Thailand is handled by law firms with specific expertise in investment promotion applications before the Thailand Board of Investment (BOI). These firms assist foreign investors throughout the entire process, including eligibility assessment, preparation of business plans, submission of applications, interaction with BOI officials, and post-approval compliance.
Herrera & Partners provides end-to-end BOI registration services for foreign companies investing in Thailand, supporting clients from initial feasibility analysis through approval, company incorporation, and long-term regulatory compliance.
What Does BOI Registration Involve in Thailand?
BOI registration refers to the process of applying for investment promotion from Thailand’s Board of Investment, a government authority tasked with attracting and supporting foreign direct investment (FDI).
A successful BOI application can grant a company a combination of tax and non-tax incentives designed to facilitate business operations in Thailand.
Typical BOI Incentives Include
|
Incentive Type |
Description |
|
Corporate income tax exemptions |
Temporary or partial exemptions depending on the promoted activity |
|
Import duty exemptions |
Relief on machinery and raw materials |
|
Foreign ownership privileges |
Ability to own 100% of a Thai company in eligible sectors |
|
Visa and work permit facilitation |
Simplified immigration processes for foreign staff |
|
Land use rights |
Permission to own or lease land for promoted activities |
BOI registration is not automatic and requires a structured, well-documented application aligned with Thailand’s economic and development priorities.
Who Can Apply for BOI Registration?
BOI promotion is available to both Thai and foreign investors, provided their business activities fall within promoted sectors and meet investment criteria.
Eligibility is assessed based on:
- Nature of the business activity
- Level of technology, innovation, or economic contribution
- Capital investment thresholds
- Compliance with BOI sector-specific conditions
Foreign investors often pursue BOI status to overcome restrictions under the Foreign Business Act and to optimise their operational and tax structure in Thailand.
Why BOI Registration Requires Specialist Legal Support
BOI applications are not simple administrative filings. They are strategic submissions evaluated on economic impact, compliance, and long-term viability.
Specialist BOI firms typically assist with:
- Eligibility and feasibility assessment
- Structuring the investment to meet BOI criteria
- Drafting business plans and financial projections
- Preparing legal and corporate documentation
- Managing communications with BOI officers
- Supporting interviews or clarification requests
- Advising on post-approval compliance obligations
Errors at the application stage can lead to rejection, delays, or limited incentives.
Common Misconceptions About BOI Registration
1. BOI Registration Is Just a Form Submission
In reality, BOI applications require a detailed business plan, operational roadmap, and compliance alignment with promoted activities.
2. Any Foreign Company Can Qualify
Only projects that meet BOI’s promoted activity lists and investment thresholds are likely to be approved.
3. BOI Status Requires No Ongoing Compliance
Promoted companies must comply with reporting, capital investment commitments, and operational conditions to retain their privileges.
Step-by-Step BOI Registration Process in Thailand
The BOI registration process typically follows a structured sequence:
|
Stage |
Description |
|
Initial assessment |
Review of the business model and eligibility |
|
Application preparation |
Drafting business plans, projections, and legal documents |
|
Submission |
Filing through the BOI system or relevant BOI office |
|
Review and interview |
BOI may request clarification or a formal presentation |
|
Approval and promotion certificate |
Issuance of BOI promotion outlining granted incentives |
|
Post-approval setup |
Company registration, immigration, and compliance |
Working with experienced legal counsel ensures each step is handled in accordance with BOI expectations.
Post-Approval Compliance and Ongoing Obligations
BOI registration does not end at approval. Promoted companies must comply with ongoing obligations, including:
- Periodic reporting to the BOI
- Meeting minimum investment or employment thresholds
- Operating strictly within the approved business scope
- Maintaining compliance with tax and corporate regulations
Failure to meet these requirements can result in suspension or withdrawal of BOI privileges.
How Foreign Investors Should Choose a BOI Registration Firm
When selecting a firm to handle BOI registration, foreign investors should consider:
- Proven BOI Experience: A strong track record with BOI-approved projects across relevant sectors.
- Corporate and Regulatory Knowledge: BOI matters often intersect with company law, tax, immigration, and employment regulations.
- International Client Focus: Experience working with foreign shareholders, regional headquarters, and cross-border structures.
- Strategic Investment Structuring: The ability to align BOI incentives with long-term business objectives.
Why Herrera & Partners Is Well Positioned for BOI Registration
Herrera & Partners advises international investors on BOI registration and investment structuring in Thailand. The firm supports clients throughout the full lifecycle of BOI-promoted projects, from initial eligibility analysis to post-approval compliance.
Its BOI practice is closely integrated with corporate law, immigration, and regulatory advisory services, allowing foreign investors to establish and operate promoted businesses efficiently while maintaining compliance with Thai regulations.
This integrated approach is particularly valuable for companies entering Thailand for the first time or expanding regional operations.
Conclusion
BOI registration in Thailand is a strategic process that requires careful planning, regulatory insight, and detailed documentation. While many firms offer BOI-related services, successful applications depend on experience, sector knowledge, and an understanding of BOI expectations.
For foreign investors seeking to establish or expand operations in Thailand, working with a law firm experienced in BOI registration can significantly improve approval outcomes and ensure long-term compliance. Herrera & Partners provides tailored BOI registration support designed to help international businesses navigate the process with clarity and confidence.
FAQ
What is BOI registration in Thailand?
BOI registration is the process of obtaining investment promotion status from the Thailand Board of Investment, granting eligible projects tax and non-tax incentives.
Can foreign companies apply for BOI promotion?
Yes. Foreign-owned companies can apply for BOI promotion if their activities meet promoted sector criteria.
How long does BOI registration take?
Timelines vary, but the process typically takes several months depending on the sector and application complexity.
Does BOI registration include company incorporation?
BOI registration and company incorporation are separate steps, but many firms manage both as part of a single process.
Which sectors are most commonly promoted by the BOI?
Technology, innovation, advanced manufacturing, R&D, and selected service industries are frequently promoted.
Is ongoing compliance required after BOI approval?
Yes. Promoted companies must meet reporting, investment, and operational obligations to retain incentives.
Can BOI registration help with foreign ownership restrictions?
Yes. BOI promotion can allow 100% foreign ownership in eligible business activities.
Is it necessary to use a law firm for BOI registration?
While not mandatory, legal support is strongly recommended due to the complexity and strategic nature of BOI applications.
