Using the board of investment promotions

There are some things to keep in mind when it comes to the company registration in Thailand. One of the most interesting options that a lot of people actually don’t know about is that they can own 100% of the company. If that’s the case, then using the board of investment promotions does make a lot of sense. If you have your company promoted by the BOI you will get help with the work permits and the visas.

Not only that but you do not have to pay any taxes either. Such a thing really helps a lot and it totally delivers the tremendous support and results that you always wanted, which will come in handy quite a bit in the long run.

The thing to note is that this sounds amazing and definitely something to consider. However there’s a bit of sad news related to it, and this mostly comes from the fact that you might not always be able to get a BOI promotion. That means you will need to be a part of certain categories in order to receive this. It’s safe to say that every category has different needs and requirements, and you have to understand all of those in order to commit adequately.

Also, you need a lawyer in order to apply for the BOI. This process is very time-consuming and it can also be challenging. Once you apply you have to go to the BOI a few times for the company. This is not something you do once and then wait. The process itself takes a few months to complete, and it can be very time-consuming. But then again if you do it right the payoff alone can be worth it and that’s what really matters at the end of the day.

If you are lucky and the BOI promotes you, then you will need to report the financial status as often as you can. If you do that then BOI will continue to promote you and that will be a very good thing. You can do everything on your own as we said, but you should consider hiring a lawyer just to be safe. He will do everything for you and he will make sure that you get the right results and representation. It’s definitely not an easy thing to do, but if you tackle it correctly nothing is impossible. And that really says a lot when it comes to the company registration in Thailand process.

In the end, this is a great idea if you want to have that 100% ownership. That doesn’t mean it’s simple. In fact it might be very hard to achieve this and work with the BOI. But then again it is a stellar opportunity and one that you do not want to miss at all. Try to do that, take your time and you will be quite happy with the entire process and the way this works. Check it out and we guarantee you will not be disappointed!

For more information, please visit Tilalegal.com