Foreigners can own the business 100% if their business is eligible for Thailand BOI. For grading, packaging and storage of plants, vegetables, fruits or flowers, it is possible if your business have one of the following features:

  1. If your project uses advanced technology (e.g. fruit ripeness sensor, radio frequency pest control, nuclear magnetic resonance) then for this business activity, the BOI benefits that you will get are:
  • 8 year corporate income tax exemption, not more than 100% of investment (excluding cost of land and working capital);
  • Exemption of import duty on machinery;
  • Exemption of import duty on raw or essential materials used in manufacturing export products for 1 year, which can be extended as deemed appropriate by the Board of Investment;
  • Permit for foreign nationals to enter the Kingdom for the purpose of studying investment opportunities;
  • Permit to bring into the Kingdom skilled workers and experts to work in investment promoted activities (meaning many work permits without the ratio of 4 Thais per expat);
  • Permit to own land; and
  • Permit to take out or remit money abroad in foreign currency.
  1. Projects that use modern technology (e.g. color sorter, vapor heat treatment to kill fruit fly eggs, seed coating); or
  2. Project of rice grading (with advanced technology only)

For the business activities in 2 and 3, the BOI benefits that you will get are the same as in 1 above, but the corporate tax exemption is only 5 years and capped at100% of the investment (excluding cost of land and working capital).

Consult with MSNA Group for setting up your BOI promoted business in Thailand.