ask
Search
Ask
Answereda year ago

What are the best approaches for setting up a BOI promoted company in Thailand?

Patrick *********
asked May 9, 2025
477
views
1
reply
0
likes
Hi!

Does anyone here have in-person experience in setting up a BOI promoted company?

I don’t mean a shell-company, but an actual one.

I’ve been to two legal offices, met two different lawyers and both stated that what I’m willing to do both meets all requirements for BOI promotion and looks well-calculated in terms of business plan, but they proposed two completely different approaches to the process itself.

#1. Suggested filing for the BOI promotion under my name and then, when approved, filing for incorporation

#2. Insisted on starting with renting an actual office and setting up the company first, then applying for the BOI promotion

Option 1. is obviously tempting as it involves substantially less cost hence virtually no financial risk whatsoever(except for processing fees and lawyer’s remuneration) in case my applications gets rejected.

But

Option 2. Although more expensive (paying the rent and accounting fees for a practically idle company for at least several months), seems a bit more intuitive, as an already existing company obviously looks more convincing than a private individual who is only about to set up a company.

Does anyone have any experience in any of the above routes?
Answer summary
The discussion revolves around two different strategies for setting up a BOI promoted company in Thailand. One approach is to apply for BOI promotion as an individual prior to incorporating the company, which is less costly and lower risk if the application is rejected. The other approach suggests incorporating the company first and leasing an office space, which, despite being more expensive, presents a more credible business case to the BOI. The respondent advises reaching out directly to the BOI for guidance tailored to the individual's specific situation.
1 replynewest first
2

Click comment and we will ask for your email, then OTP, then name.

John **********
John **********
You would be better asking the BOI directly and explaining your situation and what you hope to achieve. They are very responsive and helpful

Activity

2 joined
Patrick *********
Patrick *********
2
people
Thai Visa Advice and Everything Else
Thai Visa Advice and Everything Else
...members60% approval
Member 1
Member 2
Member 3
Member 4
Member 5
Member 6
Member 7
Member 8

Related

25
Do I need to register my usufruct with other government agencies and can I get a blue house book as a foreigner?
2.4k144312d
What should I do if my visa is still pending for a flight tomorrow to Thailand?
11.2k791731mo
Will I be fined for filing my TM30 late if immigration is closed on my arrival day?
6.4k63522mo
Is it difficult to get an METV visa if I've already stayed in Thailand for 140 days this year?
548453mo
Do I need a Thai tax number if I don't have tax liability in Thailand?
894864mo
What happens if I overstay my visa in Thailand by 1-2 days?
1.2k1185mo
What should I do about an early TM47 reminder for my OA visa in Thailand?
5.2k101445mo
Will I face issues re-entering Thailand after multiple short stays in a year?
5.5k31931y
Is there a short term work permit for foreign musicians to perform freelance gigs in Thailand?
4.6k1482y
What legal protections should I consider when funding a home renovation in Isaan for a partner?
51k3118852y
Are there any exceptions to the 180-day stay limit for tourists in Thailand?
5.2k37482y
What are the latest updates and requirements for the DTV visa in Thailand?
4.4k32462y
Can I legally do freelance remote work in Thailand with my current work permit?
2.9k1972y
What is the process for a Bangladeshi expat to start a business in Chiang Mai, Thailand?
2k16142y
Can I open a Thai bank account with the help of my girlfriend on a tourist visa?
7.1k72332y
Do I need a printout of the TM30 form to apply for a 30-day visa extension in Thailand?
4.3k33403y
How can elderly expats in Thailand safeguard against health-related visa issues as they age?
13k941814y
What are my chances of facing immigration issues when re-entering Thailand with a denied entry history?
9.1k81835y
What are the requirements for physical examination/pregnancy test before getting married in Thailand?
2k15145y
What should I do if my Airbnb host cannot file the TM30 for me due to being out of Thailand?
3.8k4085y
Can I do my first 90-day check-in in Pattaya instead of Bangkok if I live in Pattaya due to remote work?
1.3k1055y
What are the implications of Thailand's app for tourists regarding privacy and COVID-19 tracking?
19k1472426y
How can I legally live and work in Thailand after marrying my Thai girlfriend?
1.8k4378y
What are the current TM.30 requirements for expats in Bangkok regarding re-entry permits and extensions?
1.4k348y
What should I do about a mistaken exit stamp date in Thailand and my upcoming extension?
1.9k16109y

Resources

Need help with your Thai visa?