BOI privileges in Thailand

 The BOI in Thailand aims to promote and facilitate investment in the country by providing various privileges and incentives to eligible businesses. These privileges can vary depending on the type of industry, location, and other factors. Here are some common privileges offered by the BOI:

1. Tax Incentives: BOI-promoted projects are eligible for corporate income tax exemptions or reductions for a specified period. The tax privileges can vary depending on the project's location, industry, and investment size.

2. Import Duty Exemption or Reduction: BOI-promoted projects may receive exemptions or reductions on import duties for machinery, raw materials, and certain other imported goods related to their business operations.

3. Land Ownership: Foreign businesses investing in certain promoted industries may be allowed to own land for their investment projects. Normally, foreign individuals or entities are restricted from owning land in Thailand, but BOI promotions can provide exceptions in specific cases.

4. Permission for Foreign Employees: BOI-promoted companies may have certain privileges regarding foreign employees, such as the ability to hire a higher number of foreign workers than the general limitations set by labor laws. They may also have more flexibility in work permit requirements for skilled foreign personnel.

5. One-Stop Service: The BOI offers a one-stop service center to facilitate and streamline the investment process. This service assists investors in obtaining licenses, permits, visas, and other necessary approvals from government agencies.

6. Investment Protection: BOI-promoted projects are eligible for investment protection measures, such as guarantees against nationalization and protection against changes in investment policies during the promotion period.

It's important to note that BOI privileges are subject to certain conditions, criteria, and investment thresholds. These privileges are usually granted for a specific period, and the duration may vary depending on the type and size of the investment.

To obtain the specific privileges and benefits, businesses need to apply for BOI promotion and meet the required criteria and conditions. It's recommended to visit the official website of the Thailand Board of Investment (BOI) or consult with professionals familiar with Thailand's investment laws and regulations for detailed and up-to-date information.

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