Category: Thailand BOI
Bank of Thailand Announces Relaxation of Foreign Trading and Exchange Regulations
The Bank of Thailand (BOT) Act, B.E. 2485 sets out the objectives, the scope of working and organization structure of the Bank of Thailand in accordance with the international central banking standard in order to maintain the financial system, the financial institution system and the payment system stability and efficiency through transparency and accountable procedure. […]
BOI and the Foreign Business Act
Foreign-owned companies that are registered in Thailand are eligible for promotion under the Board of Investment (BOI). Furthermore, once BOI promotion has been granted, the promoted company may apply for a “Foreign Business Certificate” under Section 12, which allows majority foreign ownership specifically for companies promoted under the BOI. Nevertheless, the Foreign Business Certificate only […]
Revised Board of Investment Policy
The Board of Investment (BOI) of Thailand has revised its investment policy in order to account for the changes in both the Thai and global economies. The BOI has announced a goal for its new policy which is based on promoting “investments offering value,” both within Thailand and for Thai investment overseas. The new policy […]
Foreign Business Law of Thailand Q and A
The foreign business law of Thailand is quite in depth, so it is helpful to review a more detailed series of questions, especially some often over-looked points, for the benefit of foreign investors interested in doing business in Thailand. Starting from what time can a foreign company that has received permission to operate business in […]
Technology Transfer Plan Guidelines for Thai BOI
Foreign investors in Thailand who will be applying for a license in order to engage in a restricted business activity according to the Foreign Business Act of 1999 must prepare a technology transfer plan. Section 5 of the Foreign Business Act requires that technology transfer constitute one factor to be considered in permitting foreigners to […]
Basics of Thai Investment Promotion Law
Thailand’s investment promotion laws are a particularly important element of its overall plan for future economic growth, especially regarding its competitiveness with other nations in the ASEAN Economic Community (AEC). The Investment Promotion Act of B.E. 2520 (1977), amended as recently as 2001, empowers the Board of Investment (BOI) of Thailand to grant tax and […]
New Seven-Year Plan at the BOI
The Board of Investment promotes certain investments to respond to current and future economic needs of Thailand. The Thai Board of Investment has recently approved a new seven year master plan. The new master plan is to promote inbound value added investments and Thai investment overseas. The new “Seven Year Investment Strategy will run from […]
Where to Build a Factory in Thailand?
Foreign investors who are looking to construct a factory in Thailand should be aware of the different possible locations in which a factory can be built. There are primarily three possible locations, in order of suitability: Industrial Estates Industrial-zoned land outside of industrial estates (“Purple zone”) Non-industrial zoned land (“Green Zone”) Out of those three […]
Utilizing the Thailand-Australia Free Trade Agreement (Continuation…)
What criteria must companies fulfill in order to be eligible to use the TAFTA? In order to enjoy the special privileges enabled by the TAFTA, the company in question must be eligible to apply for a Business Operations Certificate Section 10 of the Foreign Business Act. Within Section 10 is an outline for the criteria […]
Hotel Business in Thailand
Most of the time, starting a hotel as a business in Thailand is a very profitable undertaking; however it is subject to quite a significant amount of regulation. Step 1: Business registration and Ownership While a Thai national may register any form of business entity, a private company limited is the most suitable form of […]
