Bangkok Activities Eligible for BOI | Sunbelt Asia Co., Ltd

Are you thinking of applying for BOI promotion? Do you know the activities that qualifies for BOI promotion? Sunbelt Asia Legal Advisors are here to help you. We have classified the activities in accordance with the industries that are eligible for BOI promotion. But before that you must know what BOI is.

What is BOI?

The Board of Investment (BOI) is an organization of the government. This agency provides investment incentives to local and foreign investors. The Thai Government offers incentives to the businesses operating in the certain industries. This is an effort to decentralize Thailand’s industries. Along with this, they aim at encouraging both foreign and local investments.

The incentive given by the government can be tax and non-tax related. Mostly, the incentives depends on the type of business activities.
Here is the classification of the industries and activities that are eligible for BOI promotion.

Agriculture Industry

The agricultural industry and products are eligible for BOI promotion in Thailand. Agricultural activities that qualify for the BOI promotion includes:

Animal and plant breeding
Deep sea fishery
Economic forest plantation
Slaughtering
Animal propagation
Production of biological fertilizers, chemical fertilizers, organic fertilizers, bio-pesticides
Production of modified starch
Manufacturing active ingredients from natural raw materials
Creating fuel from agricultural products
Leather finishing
Cold storage and cold storage transportation
Trading centers for agricultural products
Preservation of food, beverages, food additives
Producing medical food and food supplements

Mining, Basic Metals, and Ceramics

Another industry that is qualified for the BOI promotion is the mining, ceramic and basic metal. As far as activities are concerned, they contain:

Creation of glass or ceramic products
Developing gypsum products
Production of ferro-alloy
Potash mining
Creating of heat insulation and fire-resistant materials
Coil centre
Manufacturing steel pipes and stainless steel pipes
Creation of cast iron and steel parts
Rolling, casting, forging and drawing of non-ferrous metals
Producing metal powder
Production of intermediate steel

Services and Public Utilities

In the services and public utilities industry, the activities that are qualified for BOI promotion includes:

Industrial zones and industrial estates
Businesses the encourage tourism
Logistics businesses

Electronic Industry

The activities that are suitable for BOI promotion in electronic industry are:

Production of electric products and appliances
Developing electronics
Software
Electronics design
E-commerce
Creation of materials for microelectronics

Light Industry

The activities that are appropriate for BOI promotion in this industry consist of:

Developing of textile products
Production of shoes and bags
Creation of sports equipment and parts
Creative product design and development center
Manufacturing medical devices and parts
Creating lenses
Manufacturing of gems and jewelry
Creating toys
Producing musical instruments

Chemical, Paper, and Plastics

Anther industry that can apply for BOI promotion is a chemical industry. The activities that are eligible for BOI promotion are:

Creation of industrial chemicals
Production of petrochemicals
Creation of printed matter
Manufacturing plastic products
Producing paper articles
Creating special polymers and chemicals.

Metal Products, Machinery and Transport Equipment

In Thailand the metal industry and transportation equipment industry can apply for BOI promotion. The activities of this industry includes:

Heat treatment
Creation of motorcycles
Production of general automobile and vehicle parts
Development of metal products

We at Sunbelt Asia Legal Advisors can help you apply for the BOI promotion. Our experts will help you fill the form and gather all the documents required. We try to make the process easy and simple for you. For more information on BOI promtion, you can call us on 02-642-0214.