What is BOI? Why do foreign real estate investors need to know ?

BOI is an abbreviation for (Board of Investment) or Office of the Board of Investment. is a government agency whose duty is to provide assistance and promote investment. For businesses that have joined BOI in terms of funding support Helping reduce investment risk and consulting and providing various services related to investment

The origins of BOI began on July 21, 1966, or more than 56 years ago, when the Thai government at that time had a goal to develop industry in Thailand to progress. and create an important foundation for business development in various fields

Types of businesses that BOI promotes investment

1. Agricultural and food industries such as growing economic trees and energy crops, fishing businesses, processing businesses, fertilizer production businesses, etc.

2.Biotechnology industry, such as the production of bioplastics, biochemicals, etc.

3. Medical industry such as hospital business Pharmaceutical manufacturing business, etc.

4. Machinery industry and automation systems, such as the production of machinery, equipment, parts, and scientific instruments Shipbuilding business Train manufacturing business Business of electric charging stations and battery swapping stations for electric vehicles, etc.

5.Aerospace industry

6. National defense industry, such as the business of producing vehicles and weapon systems for national defense. Business producing unmanned aerial vehicles for national defense Business producing or repairing weapons for national defense, etc.

7.Electrical appliance and electronics industry

8. Mineral industry

9. Materials industry such as glass, ceramics, gypsum, cement, insulation, etc.

10. Targeted technology development activities in the materials industry

11. Steel and metal industry

12.Chemical, petrochemical and plastic industries

13. Public utility businesses and basic services such as electricity generation businesses Water production business, etc.

14. Development of areas for industrial activities such as specialized industrial estates, etc.

15.Digital industry such as software development business Digital content platform business Digital infrastructure business, Data Center business, Cloud Service business, Co-working Space business, etc.

16.Smart city development

17. Light industry, such as the production of fibers, threads, clothing, bags, musical instruments, furniture, toys, gems and accessories, etc.

18.Film industry

19. Specialized service businesses such as trade and investment support businesses. International business center operations, etc.

20.Tourism businesses such as hotel/resort businesses Amusement park business Zoo business Automotive racing field business International exhibition center business Ship navigation business, etc.

21. Logistics business, such as distribution center business with modern systems, etc.

Benefits for foreign investors investing in Thailand

Exemption from corporate income tax for up to 13 years, depending on the type of business and conditions.

Receive a 50% income tax deduction for another 5 years, only for businesses located in investment promotion zones. 

Exemption from import duty on machinery

Exemption from import duties on raw materials produced for export.

Exemption from import duties on items imported for use in research and development.

Foreigners are allowed to hold 100% of the shares (except for businesses listed in List One of the Foreign Business Act or those that are specifically prescribed by other laws).

Allowed to own land

Allow craftsmen/experts to come and work.

Taking advantage of BOI in investing in real estate in Thailand

From the above information, you probably already know that foreigners can own land in Thailand. Therefore, it is very beneficial for foreign real estate investors, such as investing in the hotel business. Resort business Industrial estate business Or even building an industrial factory in the country where you can own 100% of the ownership without Thai people holding 51% of the shares, if approved for investment promotion from the BOI, which will reduce investment risks such as Risk from not renewing the rental contract from the land owner. Risk from rent increases from landlords, etc.

If you are a foreign investor who is interested in investing in real estate in Thailand, Saranrom Estate and Hotel Co., Ltd. is ready to take care and support you so that you can maintain the maximum benefits from investing in Thailand.

Please feel free to contact us.

Email : Saranromgroup@gmail.com

Tel: 085-552-6556 (English), 095-639-0259 (Thai)
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