The Thailand Board of Investment is a government body whose task is to encourage foreign investment in Thailand. It works under a seven-year Investment Promotion Strategy from 2015 to 2021. Under BOI Promotion, a Thai company can enjoy a range of benefits. Major benefits of becoming a BOI company in Thailand are: tax waivers, multiple work permits without the limitation of four Thai employees per foreigner, a fast track for work permits at One Stop Service Centre and even the authorization to own land, even in the case of 100% foreign ownership.
Eligible business are multiple, and the BOI Promotion is opened also to foreign SME: the minimum required investment is only one million THB. BOI application can be started BEFORE the company set up, and based on a mere project. Once approved, the Company shall be formed and the project must follow the Business plan; any amendment to the BOI Promoted Company must be authorized.