Please note that some of BOI's main benefits are as follows:
1. 100% foreign shareholding in Intellect Design Arena;
2. Visa and work permit of expatriates without the 4:1 ratio of locals VS expats. However, BOI needs to approve the organization chart, positions, employment period, etc.
3. The company may own the land as approved by BOI;
4. Exemption of import duty on machinery as approved by BOI; and
5. Exemption of corporate income tax on BOI promoted business for 8 years from the date the company has revenue from such business.
Important notes
- You must confirm acceptance of BOI promotion by filling in the acceptance form sent by BOI within 1 month from the receipt of the letter (the letter is dated 21 Jan 16 – you may wish to recheck with BOI until when you will have time).
- You must increase the company's capital for at least another Baht 19,250,000 to at least Baht 22,350,000 to be fully paid up before the Operating Date (36 months from the date of issuance of BOI promotion certificate).
- You must submit the documents listed in the letter to BOI within 6 months from the date of your promotion acceptance.