Thailand BOI for IT and Software Companies

Board of Investment in Thailand

The best way to invest and establish a Software or IT Company in Thailand, is to check at first if you are eligible to register it under BOI Thailand (Board of Investment Thailand). Compass Softwares (Thailand) Ltd is registered under BOI, and as a local Software company we understand the true needs and the process to register an IT company with BOI Thailand. BOI Thailand encourages foreigners to invest in specific activities especially in IT and Software industry, and there are many Thailand BOI privileges for those who have investments in Thailand.

BOI Thailand Benefits:

• • Permission for foreign investors to own land
• • Permission to operate under 100% foreign ownership
• • Exemption from work permit and visa rules
• • Corporate income tax exemption for up to 8 years
• • Deduction of Transportation, Electricity and Water Costs
• • Deduction of Project's Infrastructure Installation
• • Permission for foreign technicians, experts and their spouse or dependents to work and stay in Thailand

FREE of charge you can contact us to get our professional advice whether your business activities qualify for BOI privileges. We will also advise you for tax and legal privileges that are granted to approved BOI applicants.

BOI Thailand registration process:

1st step: Apply to obtain BOI Thailand promotion privileges and benefits Compass Softwares will prepare an application form for the promotion certificate, then fill out and send to the Thailand BOI Office together with other documents required by Thailand BOI. This process will take approximately 4 days.

Within 10 days, you will have to make a presentation to the Thailand BOI in regards to your business plan. Our staff will accompany you to the meeting with the Thailand BOI. Once the application has been approved, you will receive an investment promotion certificate within 60 days. The promoted company must follow the conditions laid out in the Certificate.

2nd step: Thailand Company Registration When you get a notification of approval, we will then assist you to set up a Thai company. After registration is complete, Compass Softwares will register the company's TAX ID card and VAT certificate, then submit them to the Central Filing Office of the Revenue Department.

Our BOI Thailand Registration service include:

• • Get our professional advice whether your business activities qualify for BOI privileges
• • BOI Thailand registration application and submission
• • Communication with BOI Thailand officer
• • Accompanying the representative in meetings with BOI Thailand officer
• • Presentation consulting to the BOI Thailand regarding business plan
• • Receive a notification of approval
• • Submit promotion acceptance form
• • Submit required documents for the insurance for the BOI Thailand certificate
• • Receive the BOI Thailand certificate
• • English translation of the BOI Thailand certificate
• • Follow up the application with the BOI Thailand officers
• • Submit additional information or documents requested by BOI Thailand