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Investment Promotion (BOI) and Foreign Business Services
Foreign nationals who want to do business in Thailand have several routes, and each route has different conditions on shareholding ratio, minimum capital and type of business. We assess suitable market-entry options and support the application process, subject to regulatory requirements.
Services in This Category
The BOI grants tax benefits according to the type of business, while an FBL is a license for companies in which foreigners hold half or more of the shares and that operate a business the law requires to be licensed. If you have a BOI promotion certificate or use rights under the Thai–US Treaty, you can apply for an FBC certificate instead of an FBL. If you’re not sure which route your business falls under, start with the Company Setup for Foreign Investors page.
Choose by Your Situation
Start from your shareholding structure and your business goals.
BOI Investment Promotion
Foreign Business License (FBL)
Foreign Business Certificate (FBC)
Company Setup for Foreign Investors
Company Registration
Bookkeeping & Accounting Services
Frequently Asked Questions
Can’t find the answer you need? Message our team on LINE.
What is the difference between BOI and an FBL?
BOI means applying for investment promotion, which brings benefits such as corporate income tax exemption depending on the type of business. An FBL is a license that allows a company in which foreigners hold half or more of the shares to operate a business specified in the Lists annexed to the Foreign Business Act.
If I already have BOI promotion, do I still need an FBL?
You don’t need an FBL for the promoted business. However, if that business is in List 2 or List 3 annexed to the Foreign Business Act, a company in which foreigners hold half or more of the shares must obtain a Foreign Business Certificate (FBC) under Section 12 from the Department of Business Development (DBD).
Does a representative office need an FBL?
No. Since 2017, representative offices operating within the scope defined by law have been exempt. However, if you plan to expand into business that generates income in Thailand, you may need an FBL.
Consult Us on BOI and Foreign Business
Tell us your type of business and your shareholding ratio, and our team will help you see whether you should apply for BOI, an FBL or an FBC, and what you need to prepare.