What BOI promotion can give you
- 100% foreign ownership in the promoted activity.
- Corporate income tax holidays, often 3 to 8 years, depending on the activity and location.
- Duty exemptions on machinery and some raw materials.
- Permission to own land for the promoted business.
- Smart visas and work permits through the One Stop Service Center.
Who usually qualifies
Manufacturing, software and digital services, research, medical and green industries, and regional headquarters. Ordinary local services such as restaurants, bars and small trading usually do not.
The process
- Check that your activity is on the BOI's list, and the conditions attached (minimum investment, location, technology).
- Apply with a business plan and projections.
- Attend the BOI interview.
- On approval, set up the company and meet the conditions within the deadlines.