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Thread: BOI

  1. #1
    Member arunah's Avatar
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    BOI

    I have opened a business in Bangkok which is an expansion of a business from the UK and HK. Has anyone had dealings with gaining BOI approval, and if so, was it painful or a worthwhile exercise?

  2. #2
    Knows fok all
    daveboy's Avatar
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    Can't help you with your question but was wondering what business you've opened?

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    try their website

    Investment Services

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    Quote Originally Posted by arunah View Post
    I have opened a business in Bangkok which is an expansion of a business from the UK and HK. Has anyone had dealings with gaining BOI approval, and if so, was it painful or a worthwhile exercise?

    You must produce 90+ % for Export, Capital requirement is over 10 Mill Baht, then you should be able to get BOI promotion. There are also technologies that make it easier to get promotion, so why don't you simply give 'em a call? That is what they are there for!

  5. #5
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by arunah View Post
    was it painful or a worthwhile exercise?
    At the risk of sounding flippant the answer's both.

    As with anything of this nature you'll be dealing with a lot of bureaucracy - filing the umpteenth form for the umpteenth time. That being said once it's done and dusted the rewards are plenty. Wasting time at immigration will be a thing of the past, you can even go through the 'VIP' channels at the airport. And that's only for the individual, benefits and incentives for the Co. are pretty good too.

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    Butterfly's Avatar
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    you need to ask a lawyer, they usually handle that kind of work

    or maybe some organization that helps with the process, I can only imagine the nightmare process with Thai style monkey bureaucracy

  7. #7
    Member arunah's Avatar
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    Thanks

    Thanks for the replies.
    AntRobertson, what's this about VIP channel at the airport?

  8. #8
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by arunah View Post
    AntRobertson, what's this about VIP channel at the airport?
    It's one of the less well-known perks of BOI registration (though to be fair it's quite recent too I think).

    You get to go through the reserved lanes at immigration when you're travelling. Can't quite remember exactly what they call them but the ones that the politicians etc use.

  9. #9
    សុខសប្បាយ
    EmperorTud's Avatar
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    You can pay from around 6,000THB+++ for a card that will allow you to use those V.I.P. lanes.

    Lost the link though unfortunately.

    Quote Originally Posted by AntRobertson
    You get to go through the reserved lanes at immigration when you're travelling. Can't quite remember exactly what they call them but the ones that the politicians etc use.
    As a benefit to foreign investors during “Thailand Investment Year 2008-2009,” to facilitate their speedy entry through immigration formalities at Suvarnnabhumi Airport, Thailand Board of Investment, in cooperation with the National Airport Immigration Division, has opened a “fast track” express lane for foreign investors.

    http://www.boi.go.th/english/downloa...ess%20lane.pdf

    It's only for a year.

    Additionally, any 'investors' travelling on a business visa can contact the email address or telephone number provided in the link and use the 'express lane' service, BOI approved or not.

    Quote Originally Posted by AntRobertson
    what they call them but the ones that the politicians etc use.
    Politicians use the diplomatic channel. This is a completely different channel.
    Mortals you defy the Gods, I sentence you to travel among unknown stars, until you find the Kingdom of Hades, your bodies will stay as lifeless as stone.

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