How to get those lucrative BOI incentives without aying Bt200,000

How to get those lucrative BOI incentives including
 

• 100 per cent foreign ownership
• Two year visa extension
• Removal of the  4:1 ratio of Thai to foreign employees
• Corporate tax as low as 0 per cent for the first eight years
• VAT exemptions on imported machinery
• An esier process for bringing in foreign skilled workers and experts
• Work permits for foreign principals
•  

Most business lawyers will tell you it is a complicated, laborious, and painstaking process that will take three to six months to complete. But setting up a Thai company and applying for Thailand BOI privileges is totally doable, even for someone who does not speak or read Thai.

“It was an interesting, often ridiculous experience and we learned a lot, but it wasn’t that complicated. It took about six weeks from start to finish, There were no unofficial payments required and we saved about Bt150,000 ($4,885) in the process”, he added.