Mergers & Acquisitions in Thailand. Thailand has emerged as a key player in Southeast Asia's mergers and acquisitions (M&A) market. This article explores the recent trends, legal framework, and common deal structures for M&A activity in Thailand.

A Shifting Landscape

Thailand's M&A landscape has undergone significant transformations in recent years. Here's a glimpse into the trends:

Legal Framework

Thailand's M&A environment is governed by several key regulations:

Common Deal Structures

While mergers were traditionally not permitted, a 2023 amendment to the Thai Civil and Commercial Code introduced the concept of a legal "merger." Here are the common deal structures:

Looking Ahead

Thailand's M&A market presents exciting opportunities for domestic and foreign investors. As the economy continues to recover, we can expect to see increased M&A activity across various sectors. However, navigating the legal complexities and understanding the common deal structures are crucial for a successful M&A transaction in Thailand. Consulting with legal professionals specializing in Thai M&A is highly recommended.

Marriage Visa in Thailand. For many foreigners, love leads them to the Land of Smiles. But if you find yourself hitched to a Thai citizen and chcący (chcący means "wanting" in Polish) to stay in Thailand, you'll need a marriage visa. This special visa allows foreign spouses of Thai nationals to reside in the country for extended periods.

Who Qualifies?

The requirements for a Thai marriage visa are straightforward:

There might be additional documents required depending on the immigration office you visit. An "Affirmation of Freedom to Marry" might be requested, obtainable from your embassy in Thailand.

Benefits of the Marriage Visa

So why go through the process? Here are some perks of the Thai marriage visa:

The Marriage Visa Process

The process for obtaining a marriage visa can vary depending on your situation. Here's a general outline:

  1. Get married: This might seem obvious, but ensure your marriage is legally recognized by Thai authorities.
  2. Gather documents: This includes your passport, marriage certificate, proof of residence, financial documents, and potentially others depending on the immigration office.
  3. Apply at an immigration office: Locate the immigration office with jurisdiction over your spouse's residence and submit your application package.
  4. Wait for processing: The processing time can vary, so be patient.

Keeping Your Visa Valid

The marriage visa is renewable every year. To maintain your visa status, you'll need to submit similar documents as your initial application and ensure your marriage remains valid.

Remember, this article provides a general overview. For the latest information and specific requirements, consult the Thai Immigration Bureau or a visa consultant. With careful planning and a little patience, a Thai marriage visa can pave the way for a happy life in Thailand with your loved one.

For those seeking an extended and luxurious stay in Thailand, the Thailand Elite Visa program beckons. This exclusive program transcends a standard retirement visa, offering long-term residency with a multitude of perks and preferential treatment.

Unveiling the Thailand Elite Visa

The Thailand Elite Visa, also known as the Thailand Privilege Card Visa, caters to a wider audience than just retirees. It functions as a long-term, multiple-entry visa program, ideal for:

Key Features and Advantages

Who Should Consider the Thailand Elite Visa?

This program is a perfect fit for those who:

Important Considerations

Living the Thailand Elite Lifestyle

The Thailand Elite Visa unlocks a world of luxury and unparalleled convenience. Whether you envision a relaxed retirement, a productive remote work haven, or creating lasting family memories, this program allows you to experience Thailand to its fullest.

Ready to Explore the Thailand Elite Visa?

For comprehensive details on eligibility requirements, specific package inclusions, and the application process, visit the official website of Thailand Privilege Card Company Ltd. Alternatively, consult with an immigration professional specializing in Thailand visas to ensure a smooth and successful journey towards your Thai residency.

Transferring Title Deeds in Thailand. Achieving and transferring property represents a momentous occasion in an individual's life; therefore, knowledge of the legal procedure is essential for a seamless transfer of ownership. The transfer of title deeds, referred to as Chanote in Thailand, is a methodical process encompassing adherence to local regulations, financial transactions, and the submission of legal documentation. This article offers a comprehensive overview of the procedure for transferring title deeds in Thailand, including its legal implications, significance, and essential steps.

I. Importance of Transferring the Title Deed

A. Legal Ownership: The title deed functions as a legally binding document establishing ownership, safeguarding and providing assurance for property rights.

B. Transaction Validation: Property transactions are verified to be legitimate and the vendor obtains the property's rights through the use of properly transferred title deeds.

C. Asset Valuation: Particularly in the context of loans, mortgages, or property development, title deeds are crucial for acquiring property valuations.

II. Varieties of Property Deeds in Thailand

A. Chanote, the most secure and favored type of title instrument, furnishes comprehensive particulars pertaining to the property's perimeters and land utilization.

B. Nor Sor 3 Gor: In contrast to Chanote, this land title deed offers a more restricted scope of details regarding land boundaries.

C. Nor Sor Sam: This is a less secure, lower-level title deed that only provides approximations of boundaries according to aerial surveys.

III. Crucial Stages in the Transfer of Title Deed

A. Preliminary Due Diligence: Perform an exhaustive inquiry into the ownership record, ownership history, and any encumbrances that might impact the transfer of the property.

B. Purchase Agreement: Compose and affix one signature to a purchase agreement that delineates the comprehensive stipulations of the property transaction, encompassing the purchase price, payment schedule, and transfer conditions.

C. Title Deed Examination: Obtain the services of a certified legal professional to perform a thorough evaluation of the title deed in order to verify its validity and ascertain that it is devoid of any encumbrances.

D. Tax Clearance: In accordance with Thai legislation, remit the requisite transfer fees, which comprise the specific business tax, registration duty, and withholding tax.

E. Funds Transfer: Substantiate the vendor with the agreed-upon purchase price in accordance with legislative and financial protocols.

F. Transfer Registration: Finalize the registration process for the transfer of title deed at the Land Office located in the vicinity, where the ownership particulars shall be revised.

IV. Legal Aspects and The Obligation to Do Research

A. Land Zoning and Restrictions: Confirm that the property is properly zoned in accordance with local zoning regulations and for the intended use.

B. Encumbrances and Liabilities: Conduct an examination of the property to identify any extant mortgages, liens, or legal claims.

C. Tax Delinquencies and Fees: Prior to the transfer, verify that all property taxes, utilities, and related fees are in full payment.

D. Transfer Costs and Fees: Taxes, stamp duty, and legal fees are among the various fees that may be incurred during the transfer of a title deed.

V. Considerations After the Transfer

A. Title Deed Update: Inspect the local Land Office to have the title deed updated to reflect the new ownership information.

B. Utilities and Services: Transfer to the new proprietor the name associated with utility services, including water and electricity.

C. Property Insurance: Protect against potential liabilities or risks by arranging for property insurance coverage.

To conclude,

In Thailand, the transfer of title deeds is a meticulously planned undertaking that requires due attention to legal, financial, and administrative factors. Prosperous and secure property transactions can be achieved through the implementation of diligent due diligence procedures, the involvement of competent legal professionals, and strict adherence to local regulations. Gaining knowledge of the importance and procedural intricacies associated with transferring title deeds enables individuals to confidently maneuver through the system, thereby guaranteeing a smooth and fruitful transfer of property ownership.

Notary Public in Thailand. In the realm of legal and business transactions, the role of a Notary Public is pivotal in ensuring the authenticity and legality of documents. Thailand, a hub for international business and commerce, has its own system of Notary Public services, playing a crucial role in certifying and validating various legal documents. This article explores the significance, functions, and the process of notarization in Thailand.

I. Understanding the Notary Public in Thailand

A. Definition:

  1. A Notary Public in Thailand is a qualified legal professional authorized to authenticate documents, administer oaths, and witness signatures.
  2. Notaries in Thailand play a crucial role in verifying the legitimacy of documents for use both domestically and internationally.

B. Appointment and Authority:

  1. Notaries in Thailand are appointed by the Ministry of Justice and operate under the authority of the Ministry.
  2. Their authority extends to witnessing signatures, certifying copies of documents, and administering oaths or affirmations.

II. Functions of Notary Public in Thailand

A. Witnessing Signatures:

  1. Notaries witness the signing of documents, verifying the identity of the signatory.
  2. This function is crucial for legal documents, contracts, and affidavits.

B. Certifying Copies:

  1. Notaries can certify copies of original documents, affirming that they are true and accurate reproductions.
  2. This is often required for academic transcripts, passports, and other vital records.

C. Administering Oaths and Affirmations:

  1. Notaries administer oaths or affirmations to individuals making sworn statements.
  2. This is common in affidavits, statutory declarations, and legal affirmations.

D. Notarization for International Use:

  1. Notaries in Thailand often notarize documents intended for use in international transactions.
  2. This includes documents for business transactions, real estate deals, and legal proceedings.

III. The Notarization Process in Thailand

A. Document Preparation:

  1. Ensure all documents are prepared and reviewed before seeking notarization.
  2. Documents must be clear, complete, and in compliance with Thai legal standards.

B. Personal Appearance:

  1. The individual seeking notarization must appear in person before the Notary Public.
  2. This is to verify the identity of the person and witness the signing of documents.

C. Verification of Identity:

  1. The Notary Public verifies the identity of the person signing the document through government-issued identification.
  2. This is a crucial step to prevent fraud and ensure the authenticity of the signature.

D. Notarial Certificate:

  1. After the document is signed, the Notary Public attaches a notarial certificate, affirming the authenticity of the signature.
  2. The certificate includes the Notary's seal, signature, and relevant details.

E. Record Keeping:

  1. The Notary Public maintains a record of the notarized documents.
  2. These records are kept for a specified period and can be used for verification purposes.

IV. Importance of Notarization in International Transactions

A. Acceptance in Foreign Jurisdictions:

  1. Notarized documents are widely accepted in foreign jurisdictions.
  2. This is crucial for international business, legal proceedings, and cross-border transactions.

B. Legalization and Apostille:

  1. Notarization is often a prerequisite for further processes like legalization or obtaining an Apostille for international use.
  2. These additional steps ensure the document's validity in other countries.

V. Conclusion

In Thailand, the role of the Notary Public is fundamental in upholding the integrity of legal documents and facilitating smooth international transactions. Whether for business agreements, real estate transactions, or legal affirmations, notarization adds a layer of authenticity that is recognized and respected globally. Understanding the functions and the process of notarization is essential for individuals and businesses engaged in cross-border activities, ensuring the legality and acceptance of their documents in the international arena.

In the intricate landscape of legal and business dealings, the Power of Attorney (PoA) emerges as a valuable legal instrument, granting an individual the authority to act on behalf of another. Thailand, with its dynamic business environment and international engagements, recognizes and regulates the use of Power of Attorney. This article navigates through the nuances of Power of Attorney in Thailand, elucidating its significance, types, and the process of execution.

I. Understanding Power of Attorney in Thailand

A. Definition:

  1. Power of Attorney is a legal document that authorizes an individual, known as the "agent" or "attorney-in-fact," to act on behalf of another person, the "principal."
  2. The authority granted can be broad or specific, and it may be temporary or enduring.

B. Importance in Legal Transactions:

  1. Power of Attorney is a crucial tool for facilitating various legal and business transactions, especially when the principal cannot be physically present.

C. Types of Power of Attorney in Thailand:

  1. General Power of Attorney: Grants broad powers to the agent, allowing them to perform a range of actions on behalf of the principal.
  2. Specific Power of Attorney: Limits the agent's authority to specific actions or transactions defined in the document.
  3. Limited or Special Power of Attorney: Grants the agent authority for a specific purpose and a limited time frame.
  4. Durable Power of Attorney: Remains valid even if the principal becomes incapacitated.
  5. Non-Durable or Ordinary Power of Attorney: Becomes invalid if the principal becomes incapacitated.

II. The Power of Attorney Process in Thailand

A. Drafting the Document:

  1. The principal or their legal representative must draft the Power of Attorney document.
  2. The document must clearly specify the powers granted, the scope of authority, and any limitations.

B. Choosing the Agent:

  1. The principal selects a trustworthy individual to act as their agent.
  2. The agent should be someone with the capability to fulfill the responsibilities outlined in the Power of Attorney.

C. Notarization and Certification:

  1. The Power of Attorney document must be notarized by a Notary Public in Thailand.
  2. Notarization ensures the authenticity of the document and is often required for legal recognition.

D. Translation (if applicable):

  1. If the Power of Attorney is drafted in a language other than Thai, it may need to be translated into Thai.
  2. The translated document should be attached to the original for legal validity.

E. Legalization (if applicable):

  1. For international use, the Power of Attorney may need to be legalized by the Ministry of Foreign Affairs or obtain an Apostille.
  2. Legalization ensures the document's recognition in other jurisdictions.

F. Registration (if applicable):

  1. Certain types of Power of Attorney, especially those related to real estate transactions, may need to be registered with the local Land Office.
  2. Registration adds an additional layer of legal validity.

III. Uses of Power of Attorney in Thailand

A. Real Estate Transactions:

  1. Facilitating the purchase or sale of property on behalf of the principal.
  2. Signing contracts, obtaining permits, and handling related transactions.

B. Financial Matters:

  1. Managing bank accounts, conducting financial transactions, and handling investments.
  2. Dealing with tax matters and filing on behalf of the principal.

C. Legal Representation:

  1. Representing the principal in legal proceedings, litigation, or negotiations.
  2. Signing legal documents and agreements on behalf of the principal.

D. Business Transactions:

  1. Acting on behalf of the principal in business negotiations, partnerships, or contractual agreements.
  2. Handling corporate matters, signing contracts, and making business decisions.

IV. Conclusion

Power of Attorney in Thailand is a powerful legal tool that empowers individuals to navigate legal, financial, and business matters efficiently. Understanding the types, process, and uses of Power of Attorney is crucial for individuals and businesses engaged in diverse transactions. Whether facilitating real estate deals, managing financial affairs, or representing someone in legal matters, a well-executed Power of Attorney ensures that actions are taken with the legal authority and consent of the principal. It stands as a testament to the legal sophistication of Thailand, providing a framework for secure and effective delegation of authority in various aspects of life and business.

Representative Office in Thailand. Thailand's strategic location in the heart of Southeast Asia, coupled with its dynamic economy and business-friendly policies, has made it an attractive destination for companies seeking to expand their global footprint. One avenue for international companies to explore opportunities in Thailand is through the establishment of a Representative Office. This article aims to provide a comprehensive guide to understanding the concept, benefits, eligibility criteria, and steps involved in setting up a Representative Office in Thailand.

I. What is a Representative Office?

A Representative Office is a form of legal entity established by a foreign company to conduct non-profit-generating activities, acting as an extension of its parent company. Its primary purpose is to gather market information, conduct market research, and promote the parent company's products or services.

II. Eligibility and Scope of Activities

A. Eligibility: To be eligible to establish a Representative Office in Thailand, the parent company must have been in operation for at least one year, be financially stable, and not engage in prohibited activities as per Thai law.

B. Scope of Activities: A Representative Office is limited to non-revenue-generating activities, which include market research, promotion of parent company products or services, liaising with local partners, and gathering business information.

III. Benefits of a Representative Office

A. Market Research and Analysis: A Representative Office provides valuable insights into the local market, consumer behavior, and industry trends, aiding strategic decision-making.

B. Networking and Partnering: It serves as a bridge for building relationships with local businesses, potential clients, and partners.

C. Brand Visibility: The Representative Office promotes the parent company's brand and helps establish a presence in the Thai market.

IV. Application Process

A. Preparation of Documents: Required documents include an application form, a letter of appointment for the chief representative, a letter of intent from the parent company, and financial statements of the parent company.

B. Submission to Thai Authorities: The application is submitted to the Department of Business Development under the Ministry of Commerce.

C. Approval Process: Once the application is submitted, it undergoes a review process. If approved, a certificate of registration is issued.

V. Compliance and Reporting

A. Compliance Requirements: Representative Offices are required to comply with Thai laws and regulations, including labor laws and tax obligations.

B. Annual Reporting: They must submit annual reports detailing their activities to the Thai authorities.

VI. Limitations of a Representative Office

A. Prohibited Revenue Generation: Representative Offices are not allowed to engage in profit-generating activities.

B. Duration of Existence: They are typically granted a license for a period of two years, with the possibility of renewal.

Conclusion

Establishing a Representative Office in Thailand can be a strategic move for international companies looking to gain insights into the local market and establish a presence without engaging in revenue-generating activities. By understanding the eligibility criteria, benefits, and application process, companies can embark on this endeavor with confidence, opening doors to new opportunities and partnerships in the dynamic Thai business landscape.

Property due diligence in Thailand is an essential process for individuals or companies interested in purchasing or investing in real estate. Conducting thorough due diligence helps assess the legal and financial aspects of a property, ensuring a secure and informed decision. While we can provide some general guidance on  property due diligence in Thailand, it's important to consult with legal professionals and experts familiar with Thai property laws for comprehensive and up-to-date information. Here are some common aspects to consider during property due diligence:

  1. Title Deed and Ownership Verification: Verify the property's title deed (Chanote) to ensure its legitimacy and that it matches the property being sold. Confirm the seller's ownership rights, any existing encumbrances or restrictions, and if there are any disputes or claims on the property.
  2. Land Zoning and Planning Regulations: Check the property's zoning regulations to ensure it is suitable for the intended use. Review building permits, environmental restrictions, and other local regulations that may impact the property's development or use.
  3. Legal Compliance and Licenses: Confirm that the property has all the necessary licenses and permits, such as construction permits, land use permits, and occupancy certificates. Verify compliance with building codes, environmental regulations, and any other legal requirements.
  4. Encumbrances and Liens: Determine if there are any mortgages, liens, or other encumbrances on the property that could affect ownership or transferability. Assess any outstanding debts or claims associated with the property.
  5. Tax and Fee Obligations: Understand the property's tax obligations, including property taxes, transfer taxes, and any outstanding payments. Determine if there are any outstanding utility bills or other financial obligations related to the property.
  6. Physical Inspection and Survey: Conduct a physical inspection of the property to assess its condition, structural integrity, and any potential issues or defects. Consider engaging professionals for a comprehensive survey, including building inspectors, engineers, and environmental experts.
  7. Contracts and Agreements: Review any existing contracts or agreements related to the property, such as leases, rental agreements, or service contracts. Understand the terms and conditions, rights, and obligations associated with these agreements.
  8. Financial and Investment Analysis: Evaluate the property's market value, potential for capital appreciation, rental income, and return on investment. Consider factors such as location, market trends, demand, and future development plans in the surrounding area.

Remember, property due diligence can be complex and country-specific. Engaging qualified legal professionals, property consultants, and experts with local knowledge is crucial to ensure a thorough and accurate assessment of the property's legal and financial aspects in Thailand.

 

 

After having experienced the beauty and mystique that is the Kingdom of Thailand, many people want to make it their permanent home. Thankfully Thai immigration is not just a dream and can be done in various ways. This article will go through the most common of these methods. Most importantly, the first step would be to employ a Thai immigration lawyer to help with the transition and pave the way to living in paradise. We will explain the following visa types below: Retirement Visa, Business Visa, Marriage Visa, and Elite Visa.

Retire in Paradise

What could be more ideal than living in a renowned place with lush forests, beautiful beaches, and rich cultural heritage? Thailand is a dream location for many foreigners. With its laid-back lifestyle and friendly people, many people have chosen to leave their native countries and spend their sunset years there.

Retirement Visa

To begin the process of retiring in Thailand, first, the application for a Thai retirement visa must be done. The application can be completed either in your home country or in Thailand itself, at a Thai Embassy or Consulate. This is known as a Non-Immigrant O-Long Stay Visa.

This visa is more commonly known as "Extension of Stay Based on Retirement” and is the most popular choice for those planning to retire in the Kingdom of Thailand. It is a long-term visa that allows for multiple entries and single entries and is valid for a period of 1 year of uninterrupted stay.

The requirements for this visa are as follows: The Applicants must be 50 years of age or over. The applicants must meet the minimum financial requirements along with the relevant supporting documents. The details of which will be given by the Thai Immigration lawyer.

You may have to leave Thailand during your initial stay to finalise details of your retirement in your home country. Due to this, your Thai immigration lawyer will advise a multiple entry visa to be applied for. This will make trips back and forth much easier than applying for entry every time you return.

The visa may be denied upon re-entry into Thailand if a re-entry permit is not obtained beforehand. This permit can be applied for at a Thai consulate or international airport.

Once your retirement visa has been approved, allowing the 1-year stay in Thailand, the regulations that must be followed are:

Business Visa

A foreigner may come to Thailand to be employed or start a business in Thailand. This will require them to obtain a Thai Business Visa. Depending on the length of the stay, it can be converted to a long-stay visa. The visa that needs to apply for is called a Thai Non-Immigrant B visa.

Foreigners applying for a job or opening a business in Thailand will require a Thai business visa. This can be best applied for before coming to Thailand. In addition, this type of visa can be extended to a long-term visa which can be done at the local immigration office in the Kingdom of Thailand and will require sponsorship from a business or company in Thailand.

Marriage Visa

The Thai marriage visa is for foreigners married to Thai nationals. Like the retirement visa, a Thai marriage visa allows for a 1-year uninterrupted stay. It is renewable annually and, as stated, allows for the visa holder to seek and gain employment. It is commonly known as a "1-Year Extension of Stay Based on Marriage".

This is especially beneficial to those wanting to be employed or set up their own business in Thailand, as it negates the need to apply for a business visa. Only a work permit needs to be obtained, and it allows greater freedom of movement, including multiple entries into Thailand from abroad.

Elite Visa

The final visa you can obtain for long-term stays in Thailand is the Thai Elite Visa. The name is only available to a select few that meet the general and financial requirements outlined in the Elite Visa application process. Its purpose is to attract and promote Thailand to foreign nationals with high incomes.

This visa offers a stay of up to 20 years. It applies to everyone who meets the criteria, from digital business people, company executives, and retirees who don’t want to go through the process of applying for and obtaining multiple visas every time they exit and enter Thailand.

This program is owned by the Thailand Privilege Card Company Limited, a subsidiary of the Ministry of Tourism and Sport. Various tiers of this program are available depending on the requirements and needs of the applicants. The benefits of the Elite Visa are:

Conclusion

As outlined above, there are many ways for the foreign national to gain entry to and enjoy a long-term stay in Thailand. Be it through marriage, retirement, employment, or simply spending time there through the Elite Visa Program. The dream of moving to and eventually settling in Thailand is achievable with the guidance and advice of a Thai immigration lawyer.

Thailand Board of Investment helps foreign businesses establish their companies in Thailand and ensures that their activities and business practices will benefit the kingdom.

The process of the BOI application is quite strict in that it must comply precisely with the regulations and the requirements of the application because its focus is on providing new technology and benefits to Thailand through foreign investors.

The Board of Investment Law is a promotional policy created by the Thai government in 1954 upon the announcement of its Industrial Promotion Act.

The government began actively promoting and subsidising incentives for foreign businesses willing to open and operate in the Kingdom of Thailand.

The BOI law is still enforced today, and through it, the government guarantees to neither interfere with nor nationalise foreign businesses. It is interesting to note that the Kingdom of Thailand was the first country in this region to have such an investment law.

The objectives of BOI Thailand

The BOI has three key roles to play:

The Board of Investment operates directly under the office of the Prime Minister.

What is a BOI Company?

A BOI Company is a company that is a foreign investment company that has been certified by the Thailand BOI, a government body whose aim is to encourage foreign investment in Thailand.

Your business can enjoy a range of benefits by being certified by the BOI. There are many many advantages of setting up your BOI company in Thailand. Among these are significant tax waivers, multiple work permits, reduced processing times for work permits, and the ability to own land even if your company is majority-owned by non-Thai nationals.

What are the benefits of a BOI Company?

BOI companies can enjoy specific tax and non-tax incentives. These incentives may be specifically attractive to foreign investors, without which they may be subject to stringent rules and regulations in conducting their business in Thailand.

Tax Incentives

A BOI certified company may be eligible for an exemption of Corporate Income Tax for a period of up to 8 years. They may also qualify for an exemption from or reduction of import duties for raw materials, as well as a tax decrease on the payable dividends to shareholders.

Further tax incentives may include deductions on the company’s transportation, electricity and water usage, and the installation costs of the project’s infrastructure. Summarised below:

Non-Tax incentives

Non-Tax privileges allow a BOI promoted company to hire foreign skilled workers and experts instead of the non-BOI policy of hiring four Thai employees for every one foreign employee.

The BOI also provides an express procedure through its One-Stop visa process for both non-immigrant visas and work permits. These non-tax incentives also allow 100% foreign ownership of the BOI company and the option for the foreign company to own land in the Kingdom.

How do I apply for a BOI company in Thailand?

Should you wish to register your company for BOI, the following steps will be necessary to complete. These steps have been summarised, but you will access all the details once you begin the process.

1. Do a feasibility study.

2. The BOI application

3. Approval by the Board

Registering a BOI Thailand Company

After a successful BOI application, and if you wish to receive your BOI promotion certification, you must set up the Thai company within six months after being approved. At this time, you must submit the following documents:

How do I know if my company is BOI eligible?

To apply for your BOI promotion certification, you need to ensure that your company meets the following criteria:

  1. Your company possesses a capital investment of a minimum of 1,000,000 Thai Baht
  2. Your company has a minimum of 3 registered shareholders
  3. Your company must be registered in Thailand
  4. Your company must be in one of the eligible industries (listed below)

Eligible BOI company industries

  1. Agriculture & Agricultural products
  2. Mining, Ceramics & Basic metals
  3. Light industry
  4. Metal products, Machinery & Transport equipment
  5. Electronic industry & Electrical appliances
  6. Chemicals, Paper & Plastics
  7. Services & Public utilities
  8. Technology & Innovation development
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