{"id":265,"date":"2024-08-28T17:35:25","date_gmt":"2024-08-28T10:35:25","guid":{"rendered":"https:\/\/robcoincor.co.th\/services\/bol-fol-and-other-licensing-services\/"},"modified":"2024-10-10T20:40:45","modified_gmt":"2024-10-10T13:40:45","slug":"applying-for-licenses","status":"publish","type":"services","link":"https:\/\/robcoincor.co.th\/en\/services\/applying-for-licenses\/","title":{"rendered":"BOI, FOL and other license application services"},"content":{"rendered":"
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BOI (Board of Investment) Investment<\/strong>
\n Must strictly comply with Thai rules and regulations. These regulations are designed to encourage investment in various industrial sectors by providing privileges to qualified companies such as tax reductions and other privileges.<\/p>\n

FBL License (Foreign Business License)<\/strong>
\n It is a license issued by the Thai Ministry of Commerce to foreign companies or investors who wish to conduct business in Thailand in business categories restricted to Thai nationals only. This license allows foreign investors to have 100% ownership of a business in an approved area, allowing investors to legally conduct business activities.<\/p>\n

1. Application service for the Board of Investment (BOI)<\/h2>\n

The main benefits offered by BOI include:<\/strong><\/p>\n

    \n
  • Corporate income tax deduction<\/li>\n
  • Tax breaks and exemptions for imported equipment<\/li>\n
  • Non-tax benefits (such as land ownership and foreign work permits)<\/li>\n<\/ul>\n

    Application Procedure<\/h3>\n
      \n
    • Pre-assessment:<\/strong> Organizations need to assess whether their projects are aligned with BOI priority industries and regional policies.<\/li>\n
    • Submit an application:<\/strong> Sign the application form.<\/li>\n
    • Submit a business plan,<\/strong> including investment plans, funding sources, market trends, etc.<\/li>\n
    • Prepare company registration documents and shareholder information<\/strong><\/li>\n
    • Review and Interview:<\/strong> BOI officers will review the application documents and may arrange an interview to learn more about the project.<\/li>\n
    • Approval and Certification:<\/strong> After review, BOI will issue an investment certificate and the enterprise can enjoy the related preferential policies.<\/li>\n<\/ul>\n <\/div>\n \n\n
      \n

      Examples of required documents<\/h2>\n \n
        \n
      • \n Company registration documents description<\/span>\n <\/li>\n
      • \n List of shareholders and copies of passports description<\/span>\n <\/li>\n
      • \n Investment plans and business plans description<\/span>\n <\/li>\n
      • \n Project location and land use documents description<\/span>\n <\/li>\n
      • \n Environmental Impact Assessment (if any) description<\/span>\n <\/li>\n <\/ul>\n <\/div>\n \n\t
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        \"\"<\/p>\n

        2. Foreign Business License (FBL) Application Services<\/h2>\n

        A foreign business license is a necessary document for foreign businesses to do business in Thailand, especially in restricted industries.<\/span><\/p>\n

          \n
        1. Application Process<\/strong><\/li>\n<\/ol>\n
            \n
          • Assess business category: Determine whether the business of the enterprise falls into the restricted industries under the Foreign Business Act.<\/span><\/li>\n
          • Prepare application documents:<\/span><\/li>\n
          • Company registration documents<\/span><\/li>\n
          • Board resolutions and authorizations<\/span><\/li>\n
          • Business plan and business description<\/span><\/li>\n
          • Submit application: Submit application to the Department of Business Development (DBD) at the Ministry of Commerce of Thailand.<\/span><\/li>\n
          • Review and Approval: DBD will review the application materials and may require additional information or an interview.<\/span><\/li>\n
          • Issuance of license: After approval, a foreign business license will be issued.<\/span><\/li>\n<\/ul>\n
              \n
            1. Required Documents<\/strong><\/li>\n<\/ol>\n
                \n
              • Company registration documents<\/span><\/li>\n
              • Board resolutions and authorizations<\/span><\/li>\n
              • Business plan and business description<\/span><\/li>\n
              • Project location and lease agreement<\/span><\/li>\n<\/ul>\n <\/div>\n \n<\/div>\n\n