Debamalya, 10 hours ago
Steps You Need To Take To Register A BOI Business In Thailand
Doing business in Thailand as a foreigner can be complicated, and there are many rules that you must follow. Many people are reluctant to set up a business due to these complications and other factors, such as only being able to own 49% of the company, with the remaining 51% being Thai-owned.
However, you can get around this and enjoy other incentives if you set up a BOI (Board of Investment) business in Thailand. The process can take some time, and you will often need legal advice to help you do it successfully. Below are some of the steps you will need to take.
There are many incentives for companies to become BOI registered, and they must meet the criteria to qualify to set a BOI business up.
You must have a minimum of one million Baht capital investment available, and you also need to have a minimum of three registered shareholders. You must also register a business in Thailand, and it needs to be in one of the following eligible industries.
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It will make the application process much simpler when you use the services of a qualified and reputable lawyer. When your company is looking for BOI approval, there are BOI company registration lawyers who can assist you. Go for those who have experience with this.
The process for the application is as follows:
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As you can see from above, there is a lot to sort out when registering a BOI company in Thailand, which is why you will want to use the services of a reputable lawyer to help you.