Thailand Board of Investment
The Thailand Board of Investment (BOI) is one of the most significant gateways for foreign investors looking to establish or expand their presence in Thailand. Established under the Investment Promotion Act B.E. 2520 (1977) and subsequently amended, the BOI plays a pivotal role in stimulating targeted economic growth by granting incentives, privileges, and regulatory exemptions to qualified businesses. This article provides an in-depth examination of how the BOI functions, the scope of benefits available, eligibility criteria, the application process, practical compliance obligations, and real-world case insights for investors navigating Thailand’s investment landscape. 1. The Legal Framework and Role of the BOI The BOI derives authority primarily from the Investment Promotion Act . Its mandate is to: Promote investment in priority industries aligned with Thailand’s economic development strategy. Encourage decentralization of industries into less developed provinces. Faci...