Explore a World of Incentives for BOI Promoted Activities

Thailand’s Board of Investment (BOI) actively encourages investment in sectors that contribute to the country’s economic growth and development. By promoting specific activities, the BOI offers substantial incentives to businesses that align their operations with these strategic sectors. Victory InterLaw provides expert guidance to help you identify and leverage these opportunities, ensuring that your business maximizes its potential benefits from BOI incentives.

What are BOI Promoted Activities?

BOI Promoted Activities encompass a broad range of sectors and activities that the Thai government deems crucial for national development. These activities are eligible for various incentives, including tax exemptions, import duty reductions, and enhanced operational privileges. The BOI regularly updates its list of promoted activities to reflect changing economic priorities and global trends.

Why Align Your Business with BOI Promoted Activities?

Significant Tax and Duty Benefits
Businesses engaged in BOI Promoted Activities can access substantial tax and duty incentives, including corporate income tax holidays, exemptions on import duties for machinery and raw materials, and other financial benefits. These incentives can dramatically reduce your operational costs and enhance your profitability.

Enhanced Investment and Operational Flexibility
BOI-approved projects benefit from greater flexibility in key operational areas, such as hiring foreign experts, obtaining work permits, and acquiring land. This support facilitates smoother business operations and helps you attract and retain the talent and resources needed for growth.

Support for Sustainable and Innovative Practices
Many of the BOI Promoted Activities focus on sustainability, technology, and innovation, aligning with global trends and market demands. Engaging in these sectors not only provides access to incentives but also positions your business as a leader in modern, forward-thinking industries.

Comprehensive List of BOI Promoted Activities

The BOI promotes a wide array of activities across various sectors. Here are some key categories and examples of activities eligible for BOI incentives:

1. Agriculture and Agricultural Products

• Food Processing and Preservation: Projects involving the production, processing, and preservation of food products, especially those that add value to agricultural raw materials.
• Biotechnology and Agri-tech: Initiatives that leverage biotechnology to enhance agricultural productivity, improve food quality, or develop innovative agricultural products.

2. Mining, Ceramics, and Basic Metals

• Mineral Exploration and Processing: Investment in exploration and processing of minerals, including activities that add value to raw mineral resources.
• Ceramics and Advanced Materials: Projects focused on the production of advanced ceramic materials and components, particularly those with industrial applications.

3. Light Industry

• Textile and Garment Manufacturing: Operations that involve the production of textiles and garments, with an emphasis on innovative and value-added processes.
• Leather and Footwear Production: Activities related to the manufacture of leather products, footwear, and accessories.

4. Metal Products, Machinery, and Transport Equipment

• Automotive Manufacturing: Investment in the production and assembly of vehicles, automotive parts, and components, particularly those focused on next-generation automotive technologies.
• Machinery and Equipment Production: Projects involving the manufacture of industrial machinery and equipment, especially those incorporating advanced technologies.

5. Electronics and Electrical Appliances

• Electronics and Semiconductor Manufacturing: Initiatives in the production of electronic components, semiconductors, and advanced electronic devices.
• Electrical Appliances and Equipment: Investment in the production of electrical appliances and equipment, including innovative and energy-efficient products.

6. Chemicals, Paper, and Plastics

• Petrochemical and Chemical Products: Projects related to the production of petrochemicals, specialty chemicals, and other chemical products, particularly those with advanced or environmentally friendly applications.
• Plastic Products and Packaging: Operations focused on the production of plastic products and innovative packaging solutions.

7. Services and Public Utilities

• Education and Training Services: Investment in educational institutions, training centers, and services that enhance workforce skills and capabilities.
• Healthcare and Medical Services: Projects related to healthcare facilities, medical services, and the production of medical equipment and supplies.

8. Technology and Innovation

• Research and Development (R&D): Initiatives that involve R&D activities in various fields, including technology, pharmaceuticals, and environmental solutions.
• Software and Digital Services: Projects focused on the development of software, digital services, and IT solutions, especially those that drive innovation and digital transformation.

9. Tourism and Creative Industries

• Tourism and Hospitality: Investment in tourism-related infrastructure, including hotels, resorts, and recreational facilities.
• Creative Industries: Projects that support the development of creative industries, such as film production, design services, and cultural enterprises.

How Victory InterLaw Can Assist You in Aligning with BOI Promoted Activities

Strategic Consultation and Feasibility Analysis
Victory InterLaw begins with a thorough consultation to understand your business objectives and evaluate your project’s alignment with BOI Promoted Activities. We conduct a feasibility study to assess the potential success and compliance of your project, offering strategic advice on how to best position your business to qualify for BOI incentives.

Customized Business Plan Development
Our experts assist in developing a comprehensive business plan that highlights your project’s alignment with BOI-promoted sectors. We ensure that your plan meets all BOI criteria and effectively showcases the value and potential of your investment.

Expert Application Management
Victory InterLaw manages the entire BOI application process on your behalf, from preparing and submitting documents to liaising with BOI authorities. Our team handles all aspects of the process, ensuring a smooth and efficient path to approval.

Ongoing Compliance and Support
After securing BOI approval, we provide ongoing support to help you maintain compliance with BOI conditions and continue to benefit from the incentives. Our services include regular audits, compliance checks, and assistance with reporting and renewal processes.

Why Victory InterLaw is Your Ideal Partner for BOI Promoted Activities

• Extensive Experience: With over 20 years of experience, Victory InterLaw has a deep understanding of the BOI’s policies and a proven track record of successfully helping clients align their projects with BOI Promoted Activities.
• Tailored and Strategic Approach: We offer customized solutions that align your business with BOI-promoted sectors, ensuring that you maximize your benefits and achieve your investment goals.
• Commitment to Your Success: Our client-centric approach means that we prioritize your business objectives and provide dedicated support throughout your BOI journey, from initial planning to post-approval compliance.

Explore Your Opportunities with BOI Promoted Activities

Position your business for success in Thailand by aligning with BOI Promoted Activities. Victory InterLaw’s expert guidance and comprehensive services make it easy to navigate the complexities of the BOI application process and capitalize on the incentives available.

Contact Us Now to Discover BOI Opportunities
Connect with Victory InterLaw today to schedule a consultation. Let our experienced team guide you in identifying and leveraging the BOI Promoted Activities that best align with your business goals and aspirations.