Thailand's Board of Investment (BOI) is one of Asia's most generous investment promotion agencies. For NRIs with qualifying businesses, BOI promotion can mean zero corporate tax for up to 8 years and 100% foreign ownership. Here's everything you need to know.
What is the BOI?
The Board of Investment is Thailand's government agency responsible for promoting investment in targeted industries. BOI-promoted companies receive a package of tax and non-tax incentives that can dramatically reduce the cost of doing business in Thailand.
Tax Incentives
- Corporate income tax holiday: 3–8 years (depending on activity category and location)
- 50% corporate tax reduction: For an additional 5 years after the tax holiday
- Import duty exemptions: On machinery and raw materials used in production
- No import duty on items for R&D
Non-Tax Incentives
- 100% foreign ownership (exemption from Foreign Business Act)
- Land ownership rights for promoted businesses
- Work permit and visa facilitation for foreign employees and their families
- Streamlined regulatory processes via BOI's one-stop service centre
BOI Activity Categories
| Category | Tax Holiday | Examples |
|---|---|---|
| A1 (Highest priority) | 8 years + 50% reduction | Advanced manufacturing, biotech, aerospace |
| A2 | 8 years | Smart electronics, medical devices, digital services |
| A3 | 5 years | Agro-processing, logistics, tourism |
| A4 | 3 years | Light manufacturing, services |
| B (Non-tax) | None | Non-promoted activities (non-tax benefits only) |
Eastern Economic Corridor (EEC) Bonus
Companies locating in the EEC (Chonburi, Rayong, Chachoengsao) receive enhanced incentives: additional 50% tax reduction for 5 years, fast-track permits, and access to world-class infrastructure including U-Tapao Airport and Laem Chabang Port.
How to Apply for BOI Promotion
- Confirm your business activity qualifies for BOI promotion
- Prepare BOI application: business plan, investment details, employment projections
- Submit to BOI (online or in person)
- BOI review: 40–60 business days
- Receive BOI promotion certificate
- Incorporate company and begin operations
Start your Thailand BOI company with Blueberry →
Also read: Complete Guide to Thailand Company Formation | Why NRIs Should Form a Company in Thailand | Opening a Bank Account for Your Thailand Company