If you’re looking to set up your business in Thailand, you need to be aware of the BOI Thailand requirements. Here you will learn about the Minimum capital investment required, Non-tax privileges of BOI certified companies, Documents to be submitted, and process of applying for promotion.
Minimum capital investment requirement
Investors must meet the minimum capital requirements to apply for a BOI Thailand promotion. The minimum capital investment amount is THB 500,000, excluding the costs of land and working capital. Additionally the ratio of debt-to-equity must be below four to one and the total revenue cannot exceed THB 500 million during its first three years. This may be changed in the future.
The minimum investment required in Thailand will vary based on the nature of the business. Certain businesses require a minimum investment of 1 million baht and others don’t. Foreign companies can choose to put their minimum capital into Thailand in a variety of tranches and provide evidence of these transactions within 15 days.
Documents required by BOI
If you’re looking to establish your own business in Thailand, the first step is to get a business license from the BOI. To obtain this, you need to complete an application form. These forms are available from the BOI’s office or platforms for investing online. These forms will ask you about your business’s status and potential clients. They also ask questions on investment strategy and shareholders. Once you have completed the form, you will be required to send it along with all required documents and fees.
The next step when applying for an business license in Thailand is to gather the necessary documentation. You can find the necessary information through the internet or from BOI offices across the globe. Within 10 days of receiving the documentation you can arrange an interview with BOI. This is a great opportunity to explain your business plan, and address any issues.
Apply for a BOI Promotion
It doesn’t matter if your company is new or established, applying for BOI Thailand promotion can be a crucial step in setting up your Thai business. To be eligible, you must meet certain criteria. First, you must create a company limited by shares, with at least three Thai shareholders which includes a director and shareholder. BOI companies in Thailand must also transfer a minimum amount overseas. This amount cannot exceed twenty five percent of the capital of the registered company. It is crucial to present proof of ownership. Thirdly, ensure that your company only engages in business activities that are approved by the BOI.
The process of obtaining an BOI Thailand promotion can be long and difficult. There are many requirements including a minimum number of participants and an the amount of investment. To be approved you must file several business documents. The process usually lasts at least six months, and you’ll need to visit the BOI headquarters on a frequent basis throughout the duration.