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BOI FAQs

  • Yes, but under legal conditions.

    ​

    • A Thai company: foreigners can hold up to 49%

    ​

    • To hold more than 49%, you need:

    • Foreign Business License (FBL)

    • or BOI promotion

    ​

     BOI is the main tool for 100% foreign ownership.

  • The Thailand Board of Investment promotes investment in Thailand.

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    Benefits:

    • 100% foreign ownership allowed

    • Corporate income tax exemption (0–8 years)

    • Import duty exemption on machinery

    • Easier work permits for foreigners

    • Suitable for: manufacturing, tech, digital, logistics, high-value services
       

  • Main steps:

    1. Reserve company name

    2. Register memorandum of association

    3. Register company with DBD

    4. Open company bank account

    5. Register VAT (if eligible)

    6. Register Social Security (if hiring employees)

    • Standard company: 3–7 working days

    • With foreigners / complex documents: 1–3 weeks

    • BOI approval: 2–6 months

  • • Foreign ownership limited to 49%

    • Full tax rates apply

    • No import tax exemption

    • Harder to get visas/work permits

  • No fixed minimum
     

    • For foreign companies: recommended at least 2 million THB

    • For work permits: depends on employees and structure

  • Yes
     

    • Used for registration and tax purposes

    • BOI must verify actual location

    • Document submission: 1–2 months

    • Interview: 1 session

    • Approval: 2–6 months
       

    •  Register or complete company setup

    •  Apply for work permits

    •  Start tax benefits

    • Register RMTS / eMT systems

    • Submit regular reports

    • Wrong shareholder structure

    • No VAT planning

    • Incomplete BOI documents

    • Misunderstanding RMTS / eMT reporting

TAX FAQs

  • Tax on company profit.
     

    Formula: Revenue – Expenses = Net Profit
    Rate: 20%

  • Twice a year.

    • Mid-year (PND 51)

    • Year-end (PND 50)
       

  • No, but still must file.

    • Must have tax invoices

    • Must be business-related

    • Must not be prohibited expenses

    • Fines

    • Personal expenses

    • No supporting documents
       

  • Tax on goods and services. Rate: 7%

    • Revenue over 1.8 million THB/year

    • Or voluntary registration

    • Output VAT (sales tax)

    • Input VAT (purchase tax)

    • Formula: Output – Input = Payable VAT

    • Tax is deducted before payment.

    • The paying company

    • Service fee: 3%

    • Withholding tax certificate (50 bis)
       

SOCIAL SECURITY FAQs

  • Government employee protection system

    • Illness

    • Maternity

    • Unemployment

    • Pension

    • Death benefits

  • All employees.
    Thai and foreign (with work permit).

  • 10% total

    • Employee: 5%

    • Employer: 5%

  • Monthly (by 15th).

ISO FAQs

  • International quality standard system

    Issued by ISO organization
     

    • Systematic work process

    • Business credibility

  • ​Not legally required.

    But required for large business / export.

    • ISO 9001 Quality

    • ISO 14001 Environment

    • ISO 45001 Safety

    • ISO 27001 Information security

    1. Analyze system​

    2. Create SOP

    3. Internal audit

    4. External audit

    5. Certification

  •  3–6 months.

  • Depends on company size.
    From tens of thousands to hundreds of thousands THB

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