Distinguish Content |
Factory Type | Company Type | ||||
| BOI | Limited | Partnership | Reps. | Limited | Partnership | |
| Foreign own | 100% | 1-49% | 1-49% | 100% | 1-49% | 1-49% |
| Domestic own | No | 51-99% | 51-99% | No | 51-99% | 51-99% |
| Minimum shareholder | 3 | 3 | 3 | 1 | 3 | 3 |
| Minimum director | 1 | 1 | 1 | No | 1 | 1 |
| Chairman / President | No Limit | No Limit | Local | No Limit | No Limit | Local |
Min. capital / Thai Baht  |
100 million | No Limit | No Limit | No Limit | No Limit | No Limit |
Where can be set up  |
nation wide | nation wide | nation wide | nation wide | nation wide | nation wide |
| Days to set up | 60-120 | 45 | 45 | 60 | 45 | 45 |
| Export to foreign | Yes | Yes | Yes | Yes | Yes | Yes |
| Sell to domestic | Yes | Yes | Yes | Yes | Yes | Yes |
| Material from foreign | Yes | Yes | Yes | Yes | Yes | Yes |
| Material from domestic | Yes | Yes | Yes | Yes | Yes | Yes |
| Value added tax (VAT) | 10% | 10% | 10% | No | 10% | 10% |
Tax incentive program  |
3yr/5yr/8yr Exemption | No | No | No | No | No |
Net profit Tax %  |
30 | 30 | 30 | No | 30 | 30 |
Withholding tax dividend  |
0% / 10% | 10% | 10% | 0% | 10% | 10% |
Personal income  |
0-37% | 0-37% | 0-37% | 0-37% | 0-37% | 0-37% |
| Levied on import | 10% | 10% | 10% | 10% | 10% | 10% |
| Tax refund of export | 10% | 10% | 10% | 0% | 10% | 10% |
| Branch set up | nation wide | nation wide | nation wide | No | nation wide | nation wide |
Reps. set up  |
nation wide | nation wide | nation wide | No | nation wide | nation wide |
No paid-up capital is required but only can apply work permit with paid-up capital of every 2 million THB.
Thailand BOI can be grouped into 3 zones. The 1st zone: Bangkok, Samut Prakarn, Pathum Thani, etc.; The 2nd zone: Ayutthaya, Saraburi, Chachoengsao, Chon Buri, Rayong etc.; The 3rd zone: Sing Buri, Prachin Buri, Udon Thani, Songkhla etc. In Bangkok, only company can be set up.
BOI tax incentives: 3 years corporate tax exemption for Zone 1 and outside Zone 2. For Zone 2, 7 years of corporate tax exemption (Electronic Industry in Zone 2 [both inside & outside] enjoys 5 years exemption). Whereas tax incentives of 8 exempt & 5 reduce for Zone 3, 8 exempt outside. All BOI in Zone 1-3 are required to obtain ISO9000 or relevant international certificates within 2 years, otherwise the corporate tax exemption period will be reduced 1 year.
For small and medium enterprise with paid-up capital not exceeding 5 million THB, corporate income tax can be divided into 3 categories: 15% (net profit less than 1 million), 25% (net profit between 1,000,001-3,000,000), 30% (net profit more than 3 million).
For all BOI, withholding tax can be exempted during the tax exemption period but 10% will be imposed after the tax exemption period.
Personal income tax is applicable at five-stage tax rates: 0%(<100,000THB/ Y), 10%(100,001THB/ Y-500,000THB/ Y), 20%(500,001THB/ Y-1,000,000THB/ Y), 30%(1,000,001THB/ Y-4,000,000THB/ Y), 37% (>4,000,000THB/ Y).
Documents should be approved only by Ministry of Commerce in Thailand. The process will last approximately 6 months.