BOI is to encourage investment opportunities in different business aspects of Thailand. The BOI has tailored several rules to allow foreigners with tax and non-tax incentives. For starters, Business owners who have no idea about the heads and tails of BOI services, which stands for Board Of Investment, can use this read like a roadmap to understand it and overcome the process of obtaining BOI services without any complication.
Challenges While Starting a Business In Thailand
Starting a business in a different nation is not an easy task, as companies have to comply with a number of new regulations. One of the challenges that businesses often face is given below:
Foreign Land Ownership:
One of the common ways that foreigners form a company in Thailand is Thai Limited Company. However, in this type of business structure, foreigners are only allowed to have around 49% of the share, whereas the Thai people own the remaining shares. This also means that a foreigner who tries to accumulate more shares through shareholders with Thai nationals is a punishable act.
However, With the help of BOI investment promotion, foreign owners can get 100% ownership of their business in Thailand. 
Importance Of Board of Investment in Thailand
As stated above, BOI is responsible for attracting foreign investors to start a business in Thailand. With the help of BOI investment promotion, foreigners can enjoy many benefits in getting the right percentage of land ownership and expanding their business whenever needed.
Eligible Industries to Obtain BOI Promotion:
Foreign business owners who wish to apply for BOI promotion must know that their business should fall under these industries to get through the eligibility requirements.
Agricultural and agricultural products
Mining, ceramics, and basic metal
Light Industry
Metal products, machinery, and transport equipment
Technology and innovation
Services and public utilities
Chemical, paper, and plastic
Electronic industry and electric appliances
Challenges While Opting for BOI Promotion Certificate:
Applicants need to be careful while opting for BOI Services, as wrong information can cancel their form. Some of the challenges while opting for a BOI promotion Certificate are:
It can take a lot of time. Thus, companies often have to start without a BOI promotion certificate and only get it once they set up their business.
Some factors can hinder your eligibility to opt for BOI like your company should possess 1000,000 Thai Bahts as capital investments.
Traveling to set up your business and BOI requirements can be difficult for new entrepreneurs. It can need a lot of involvement and traveling expenses for the business owners.
For a company to be eligible for the BOI investment promotion certificate, it must have three shareholders.
There are 7 steps that need to be attended to for your business to be successfully BOI approved. Given the duration of the procedure, it can get overwhelming. However, with the help of professional consulting firms, businesses can easily reap the benefits while overcoming the challenges of getting a BOI.
Interloop Solutions and consultancy Pvt. Ltd. provides the suitable B2B Marketing in Thailand. This helps you better establish your business while opting for 100% of land ownership with a BOI certificate.

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