Thailand information : The Board Of Investment

Last updated : April 10, 1997

The Board of Investment (BOI)

The Board of Investment (BOI) is the principal government agency responsible for providing incentives to stimulate investment in Thailand.

The BOI also conducts extensive investment promotion activities both in Thailand and abroad.

Although the investment promotion in Thailand stretches back more than three decades, the BOI is officially governed by the 1977 Investment Promotion Act. The agency is chaired by the Prime Minister, economic ministers, senior civil servants, representatives of major private sector organizations, and academicians serving as Board Members or Advisors. The day-to-day investment promotion activities are carried out by Office of the Board of Investment (OBOI) under the Office the Prime Minister.

The BOI promotes projects which:

strengthen Thailand's industrial and technological capability;
use domestic resources;
create employment opportunities;
develop basic and support industries;
earn foreign exchange;
contribute to the economic growth of regions outside Bangkok;
develop infrastructure;
conserve natural resources;
and reduce environmental problems.

The BOI is empowered to grant a wide range of fiscal and non-fiscal incentives and guarantees to investment projects which meet national economic development goals.

In addition to investment incentives, the BOI offers comprehensive business-related services to investors and potential investors. These services range from assistance in obtaining required licenses and permits to the identification of promising investment projects and joint venture partners. Recently, the Boi has begun to help Thai firms invest overseas, especially in Indochina and ASIAN countries.

In sum, the BOI provides unqualified support to both foreign and Thai businesses that are either planning to invest, or have already committed to invest in Thailand's rapidly growing and diversifying economy.

Link to: BOI Home Page

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