Getting Thailand BOI for service business is possible, especially if you want to operate a Trade and Investment Support Office (TISO). Your business activities must be one of the following:
2.1 Monitoring and/or servicing associated enterprises including providing or letting office or factory building to company’s associated enterprises
2.2 Advisory services on business operations, except those engaged in buying and selling securities and foreign currency exchange. As for accounting, legal, advertising, architectural and civil engineering businesses, business licenses must be obtained from the Department of Business Development or related government agencies prior to submitting the investment promotion application
2.3 Information services on goods sourcing
2.4 Engineering and technical services, except those related to architecture and civil engineering services
2.5 Business activities related to machinery, engines, tools and equipment, such as:
(1) Importing for wholesaling
(2) Training services
(3) Installation, maintenance and repair
2.6 Wholesaling products manufactured in Thailand
2.7 International business process outsourcing whose services are provided through telecommunication networks, such as administrative services, finance & accounting services, human resource services, sales and marketing services, customer services, data processing, etc.
Because TISO is such a multipurpose category, businesses in a wide variety of fields may qualify for BOI promotion. Although the BOI does not provide any taxation benefits for TISO, the right to own 100% of a TISO company makes it very attractive to foreign service providers and traders who may not be eligible for other investment promotion. Because the requirements are wide-ranging, the BOI has set 10 million baht in annual selling and administrative expenditures as the minimum qualification. This ensures that only companies that will have the greatest impact on Thailand trade and investment qualify.
- Annual selling and administrative expenses must be at least 10 million baht
- Must have a business plan and scope of business as approved by the Board
- No import duty on raw or essential materials used in manufacturing export products for 1 year or more as deemed appropriate by the BOI
- Other non-tax incentives, including getting many work permits for your expat employees
MSNA is available to assist you in numerous ways, including offering consultations and resources.