How to register BOI company in Thailand

 To register a BOI (Board of Investment) company in Thailand, you need to follow a series of steps. The BOI provides incentives and support to promote investment in specific industries in Thailand. Here's a general outline of the registration process:

1. Determine Eligibility: Check if your business activities qualify for BOI promotion. The BOI provides incentives for various sectors, such as manufacturing, software development, research and development, and more. Refer to the BOI website or consult with their officers to confirm eligibility.

2. Prepare Business Plan: Create a comprehensive business plan that outlines your proposed activities, investment amount, employment opportunities, technology transfer, and other relevant details. Ensure your plan aligns with BOI requirements and demonstrates the benefits your company will bring to Thailand.

3. Company Formation: Establish a Thai company by registering it with the Department of Business Development (DBD). This involves selecting a company name, determining the share structure, and preparing the necessary incorporation documents. You may need to engage a lawyer or company registration service to assist with this process.

4. Obtain Foreign Business License (if applicable): If your business falls under the category of "foreign business" as defined by the Foreign Business Act, you may need to apply for a Foreign Business License from the Ministry of Commerce. This step depends on the nature of your business and the percentage of foreign ownership.

5. Submit BOI Application: Prepare your BOI application, including all required supporting documents. The specific documents vary depending on your business type, but typically include the business plan, financial projections, project timeline, organizational structure, and any relevant licenses or permits.

6. Submit Application to BOI: Submit your completed application to the BOI. You can do this either online through the BOI's e-service system or in person at their office. Ensure you provide all the necessary documents and information as requested.

7. BOI Evaluation: The BOI will review your application and evaluate its eligibility for investment promotion. They may request additional information or clarification during the evaluation process.

8. Approval and Benefits Negotiation: If your application is approved, you will receive an official notification from the BOI. At this stage, you may enter into negotiations with the BOI regarding the specific investment incentives and benefits that your company will receive.

9. Company Registration with the BOI: After the benefits negotiation, you need to register your company with the BOI within a specific timeframe. This registration allows you to officially enjoy the investment privileges and incentives provided by the BOI.

It's important to note that the above steps provide a general overview, and the actual process may vary depending on the specific requirements of your business and any recent changes to the regulations. It's advisable to consult with the BOI directly or engage a professional service provider experienced in company registration and BOI applications in Thailand to ensure a smooth and successful registration process.

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