BOI SERVICE
Incentives Under The Investment Promotion Activities Conditions
In order to develop competitiveness in the agricultural, industrial and service sectors,
projects submitted for BOI promotion must have the following qualifications:
Tax Incentives
- Exemption/reduction of import duties on machinery (Section28/29)
- Reduction of import duties for raw or essential materials (Section 30)
- Exemption of corporate income tax on the net profit and dividends derived from the promoted activity (Section 31 and 34)
- A 50 percent reduction of the corporate income tax (Section 35(1))
- Double deduction from the costs of transportation, electricity and water supply (Section35(2))
- Additional 25 percent deduction of the cost of installation or construction of facilities (Section35(3))
- Exemption of import duty on raw or essential materials imported for use in production for export (Section 36)
Non-Tax Incentives
- Permit for foreign nationals to enter the Kingdom for the purpose of studying investment opportunities. (Section 24)
- Permit to bring into the Kingdom skilled workers and experts to work in investment promoted activities (Section 25 and 26)
- Permit to own land (Section 27)
- Permit to take out or remit money abroad in foreign currency (Section 37)
Setup BOI Company
F.s.a.consulting co.,ltd. provide a full range of corporate business registration services in Thailand. we will be able to assist you. It is important to bear in mind that BOI certification is reserved for investors seeking to conduct business in Thailand. The certification process is laborious and fraught with unforeseen complications. Care must me taken to ensure that all the requirements for certification are met. To avoid disappointment and wasted resources, expert assistance is essential. Private legal counsel will ensure your business is incorporated and certified in accordance with Thai law, offering peace of mind to the investor and ensuring your company gets the best possible start.
BOI Consulting Service
- Study the requirement according to Request Form of Investment Promotion.
- Prepare documentation of the Request in relation to project investment.
- Prepare the Request for Investment Promotion.
- Submit the Request and documentation to the Board of Investment of Thailand.
- Clarify the project with the Board of Investment of Thailand.
- Periodically follow up the request status.
- Submit the Request for resolution acceptance and submit documentation for request of Investment Promotion License Issuance (after getting project approval)
- Receive Investment Promotion License from the Board of Investment of Thailand.
- Deliver Investment Promotion License to the Company.
Machinenary Services
Consulting
- Registration with IC in the area of NEW EMT SYSTEM
- Follow-up on the approval result of machinery work
- Follow-up on the machinery discharge result for each import.
- Request for duration extension of machinery import.
- Preparation and setting machinery system for import, return, or return out and then import of new
machinery for replacement (particularly relevant to BOI)
Raw materials Consulting
- Organizing Raw Material System of RMTS 2011
- Request for approval of manufacturing formula
- Request for approval of raw material stock
- Amortization of Bill of Lading List
- Extension of raw material import duration
- Discharge of raw material
Visa Work permit Consulting
- Execution in applying for request of specialist or craftsman’s position
- Document submission for foreign specialist and craftsman’s positions in the approved positions.
- Execution in applying for request of import of the craftsman or specialist’s family and follower.
- Execution in applying for request of duration extension for staying continuity in the country of the craftsmen and their families.
- Execution in applying for request of permission for craftsman in different cases.
BOI Reporting Consulting
- Reporting the project progress when completing 6 months, 1 year and 2 year.
- Opening for operation according to Investment Promotion License when completing 36 months from the issuance date of the License.
- Reporting of annual overall operation for every year in TorSor.310
- Project revision
Practical Method After BOI Consulting
- Notify to be free from aliens as determined by the Board.
- Prepare revenue-expense accounting in separate accounts from other parts.
- Request for operation opening permission.
- Request for change in shareholders.
- Request for change in establishment or office location.
- Notify the business discontinuity for over than 2 months.
- Report ISO International Standard.
- Request for time extension of machinery import.
- Request for duration extension of raw material import.
- Request for extension extension of operation opening with BOI.
- Revise project for additional benefit and privilege acquisition.
- Revise Investment Promotion License