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.
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.
The agricultural industry and products are eligible for BOI promotion in Thailand. Agricultural activities that qualify for the BOI promotion includes:
Another industry that is qualified for the BOI promotion is the mining, ceramic and basic metal. As far as activities are concerned, they contain:
In the services and public utilities industry, the activities that are qualified for BOI promotion includes:
The activities that are suitable for BOI promotion in electronic industry are:
The activities that are appropriate for BOI promotion in this industry consist of:
Anther industry that can apply for BOI promotion is a chemical industry. The activities that are eligible for BOI promotion are:
In Thailand the metal industry and transportation equipment industry can apply for BOI promotion. The activities of this industry includes:
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.
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