Thailand Board of Investment

The Thailand Board of Investment (BOI) is important for Thailand's economy, attracting foreign investment and helping economic growth. Established to attract and support investments, the BOI significantly helps Thailand's industries and technology. This article explores where the BOI came from, what it does, its benefits, and how to apply, highlighting its big role in helping businesses grow.

I. Origins of the Thailand Board of Investment

Established in 1954 under the Office of the Prime Minister, the Thailand Board of Investment (BOI) operates as a government agency. Its fundamental purpose is to encourage and streamline both local and foreign investments within Thailand's priority sectors.

II. Objectives of the BOI

A. Promoting Investment: The BOI's primary objective is to foster and facilitate investment in industries that align with Thailand's economic development objectives.

B. Enhancing Economic Competitiveness: Through a variety of incentives, the BOI aims to strengthen the competitiveness of Thailand's industries in the global arena.

C. Stimulating Technological Advancements: Encouraging the adoption of cutting-edge technologies and fostering innovation are key strategies employed by the BOI to drive industrial growth and improve productivity.

III. Investment Promotion and Priority Industries

Industries are categorized by the BOI, which also provides a range of incentives to entice investment. Manufacturing, mining, agro-industry, and services are examples of priority industries.

IV. Investment Incentives for BOI

A. Tax Privileges: Depending on the industry and region, the BOI provides tax exemptions or reductions on corporate income tax for a predetermined amount of time.

B. Import Duty Exemption or Reduction: Projects that meet the eligibility requirements can benefit from import duty exemptions or reductions on machinery, raw materials, and necessary components.

C. Land Ownership and Use Rights: Under certain restrictions, foreign investors may be granted the right to own land for the purpose of promoting certain activities.

D. Permission for Foreign Workers: Foreign technicians, experts, and skilled workers are permitted to work in Thailand by the BOI.

V. Procedure for Applications

A. Project Proposal and Eligibility: Investors must submit a project proposal that outlines their investment strategy and meets all eligibility requirements.

B. Submission of the BOI Application: The application is sent to the BOI together with the necessary paperwork.

C. BOI Evaluation and Approval: After reviewing the application, the BOI grants promotion privileges to the investment project.

VI. BOI and Growth of the Economy

A significant amount of foreign direct investment has been drawn to Thailand thanks in large part to the BOI, which has accelerated the country's industrial growth, technological development, and job creation.

VII. Difficulties and Upcoming Projects

Even though the BOI has been essential to Thailand's economic growth, it is still changing to meet new obstacles and take advantage of new opportunities in the world of international trade.


Thailand's economic success continues to be largely attributed to the Thailand Board of Investment, which promotes investment, technological development, and industrial expansion. The BOI's array of incentives keeps drawing in both domestic and foreign investors, strengthening Thailand's standing as a major player in the international market. Thailand's future economic prosperity is expected to be greatly influenced by the BOI, as it embraces emerging industries and adjusts to changing economic environments.

Leave a Reply

Your email address will not be published. Required fields are marked *

Our client service standards affirm our 

commitment to prioritizing the needs of 

our clients and to ensure excellence in all 

that we do.
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram