Board of Investment Thailand: How Can You Establish Your Company in Thailand?

Board of Investment Thailand:

How Can You Establish Your Company in Thailand?

Today, most people are looking to establish their businesses in a flourishing country like Thailand. It helps their business plans serve the most favourable opportunities. This includes government incentives, access to advanced technology, and the availability of a skilled workforce and resources.

Also, if your company gets registered with the Board of Investment Thailand, it can serve various benefits.

Plan the Type of Your Business

If you're willing to establish a business in Thailand, you may need to analyse the type of your business idea. This helps you understand the procedure you may need to follow while forming your company. You can set your business plans in some of the following categories:-

Limited Company

Most foreign investors find this type to be most suitable. If you choose to have a limited company type, it means the shareholders can get access to a limited number of unpaid shares. According to Thai law, it requires the division of capital into shares.

Tax Incentives

Consider the Benefits of BOI Thailand

The establishment of the Board of Investment Thailand offers several benefits to businesses aiming to run in a country. This includes both tax and non-tax incentives.

Your business can enjoy the exemption from corporate income tax for a long time. Reduced cost of import duties on raw materials and machinery. Reduced cost of electricity, transportation, water supply, and installation/construction of facilities. Reduction in the taxes on dividends assignable to shareholders.

Non-Tax Incentives

Access to a skilled workforce

You can remit your money in a foreign currency

Your business will have protection from nationalisation. https://inlps.com