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Own your company and property 100% in Thailand under BOI
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The help of a qualified legal consultant is needed to ensure that your application will meet all BOI requirements for registration. Failure to comply with this mandatory requirement will result in the cancellation of registration with PEZA as an IT enterprise and, subsequently, the registration with BOI. What are the benefits of registering with PEZA or BOI? How will it affect your company’s business operations? Before I answer any of those questions, let me first give you a rudimentary understanding of what PEZA and BOI registration is all about.
“We consider the IT locators’ paper transfer of registration from PEZA to BOI as an interim measure to preserve their export enterprise status as they avail of 100% WFH arrangement with full incentives,” Panga said. Thailand BOI Company Registration couldn’t be easier when engaged with our expert Thai BOI lawyers.
How to obtain a Thailand BOI Promotion? 
To summarize the advantages of BOI Company, BOI allows up to 100% foreign ownership, up to 18 years of corporate income tax (CIT) exemption, no tax on import of machinery and equipment essential for project development, fast Thailand visa and work permit procedure and renewal, permission to bring in experts and skilled workers with their families. To obtain a BOI company in Thailand, it is essential to follow several essential steps:
Indeed, analyzing the eligibility of your company to the BOI with an expert is essential to receive confirmation of the possibility of register a BOI company. In the context of a BOI company application, several documents must be provided to the officer to obtain authorization.
BOI Company in Thailand 
Following registration of the MOA and receiving BOI approval, the company should be registered. There are many benefits to setting up in Thailand as a BOI company. Hire us to assist your BOI company formation process so you can focus on your business.
Take a look at the infographic below that outlines all the steps in BOI company formation. With approval from the Thailand BOI, you can have a 100% foreign-owned company operating physically on Thai soil.
How to Set Up a BOI Company in Thailand Yourself 
If your company can’t get full corporate income tax exemption status you can get up to a 70% deduction on corporate income taxes for five years if you do business in a key investment area listed by the BOI. If you decide to use a lawyer, hire a lawyer who has successfully helped companies not only get BOI promotions, but also get BOI promotions in the business category your company is listed under. The BOI gives you six months to register your company and submit the documents.
Your accountant has to define and separate income and expenses between the part of your company that’s promoted by the BOI and the part that’s not. The BOI may send their staff to inspect your company during this process.
A Step-By-Step Guide to BOI Registration in the Philippine 
To help you, we provided a guide that will help you thoroughly go through the BOI registration process, along with how you can avail of the tax incentives provided by the agency for your business in the Philippines
How to Obtain a BOI Promotion in Thailand 
The company is obliged to seek permission from the BOI should these operations be halted. Further, the BOI must give written permission where a company is trying to mortgage, sell, lease or transfer machinery which is imported at the exempted or reduced duty rate, or if the company wishes to use the machinery for non-approved purposes. After the company has received its BOI promotion certificate, it must ensure compliance with all BOI regulations.
The BOI will inform the company whether their application has been approved within 40-90 days of receiving the application. Following obtaining a BOI promotion certificate, the company must register the business into the e-expert system.
Company Registrations 
Once the structure of the company is finalized, our Client must fill in the following forms: i) Form 1 – Registration of a Company, ii) Form 18 – Consent and Certificate of Director, iii) Form 19 – Consent and certificate of secretary/secretaries.
How to prepare application and apply BOI in THAILAND [Updated 2022] 
Please be reminded that the BOI Application and Set up Company Limited are separate process and separate government unit to handle the application. The BOI Application belongs to the Board of Investment, the company limited belongs to the Department of Business Development.
Or you can also set up the company, then submit the application for BOI under the company’s name. If you wish to invest and establish your company in Thailand you should be aware of the incentives offered by BOI Thailand (Board of Investment Thailand).
BOI Thailand: Board of Investment 
In case your company is doing business in the technology and innovation development sector, then the following are eligible activities that your company must be performing for a BOI promotion certificate: If you wish to receive the BOI investment promotion certification, then it is crucial for you to set up a Thai company six months after your application gets approved by the BOI Thailand. Therefore, a BOI-promoted company can gain a lot of benefits and incentives thereby leading to successful businesses for entrepreneurs.
However, one important thing that you must keep in mind that even if your company is doing business in one of the eight eligible business categories, but it fails to perform the BOI eligible activities, then you won’t be receiving the BOI promotion certificate. In order to know whether or not your company is eligible for a BOI promotion there are certain eligibility activities that you must know about beforehand.
BOI Company Promotion & Support 
A company promoted by this government body is referred to as a “BOI company”.
How to set up a BOI company in Sri Lanka 
Some of the terms used include BOI company, BOI Companies in Sri Lanka, BOI registered company, BOI approved company, and BOI approved projects. Setting up a business in Sri Lanka as a foreigner or a foreign company requires a good understanding of how the Sri Lanka board of investment operates, the BOI act of Sri Lanka and the requirements to set up a BOI registered company in Sri Lanka. The BOI approval is a permission given by the Board of Investment of Sri Lanka to a company to start commercial operation in Sri Lanka.
As a result, all BOI registered companies receive many incentives and benefits as part of the registration process. This article provides you with all the steps that you need to follow when applying for a BOI registration.
Register Company in Thailand within 4 months 
– A company registered under the BOI program will enjoy tax benefits, issuance of work permit and 100% foreign ownership. – Upon receiving the required due diligence documents of the directors and shareholders, Tetra Consultants will conduct a Thailand company registration search to check the availability of your preferred company name. – The process to register company in Thailand with the Department of Business Development can be carried out remotely and you will not be required to travel to Thailand during the registration process.
– The company must perform at least one of the eligible activities listed by the BOI in the specific sector. – Generally, foreigners can only own up to 49% of the share capital of a Thailand limited company unless the company is registered under the Board of Investment (BOI) program.
How to get a visa for foreign workers of a Thailand BOI company 
Thailand BOI company that needs to bring foreign workers to work for them has to follow a few steps which are less complicated than non BOI companies. Assuming that your Thailand BOI company has not obtained a username and password for accessing the BOI E-expert system, you can get it by filling out some forms and submit them to Thailand BOI office at One Stop Service Center (BOI Office of Visa and Work Permit).
Your Thailand BOI company needs to prepare a letter addressed to the Royal Thai Embassy in foreign worker’s country (or any country convenient for his to apply for his visa) explaining why it is necessary to bring in the foreign worker to work in your company, employment contract between your company and him stating the commencement date after he receives his work permit, your company documents (Affidavit, List of Shareholders, VAT registration, etc.) and the letter issued by Thailand Board of Investment.
How To Set Up a BOI Company in Thailand 
Once you know if your company is eligible for BOI status, you will need to go through two applications. The process to apply for BOI and the process to set up a company. A BOI (board of investment) company is a able to gain a lot of benefits and incentives, created by Thailand’s principal government organization known as The Board Of Investment (BOI).
We can help walk you through the process and possibly assist setting up your BOI Company in Thailand. When it comes to setting up a company in Thailand as a foreigner, you may want to look into the option of having a BOI Company.
How to Register a Company in Thailand 
After registration with the Ministry of Commerce (MOC), the company can register its memorandum of association.
How to Get a Company Registration Certificate in Thailand? 
Get the comprehensive guide for Company Registration in Thailand by clicking this line. The certificate will hold your business registration number through which the government will monitor your company. A BOI Company is the second most common business setup for foreigners in Thailand.
Your legal right to conduct business in Thailand is confirmed by your Company Registration Certificate in Thailand. However, you must ensure that your Company Registration Certificate gets updated with the new name and/or address.
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