Certificate of Business Operation for Foreigners under Section 12

The Certificate of Business Operation for Foreigners Receiving Investment Promotion under Section 12 of the Investment Promotion Act (BOI) is a process through which a foreign company or individual, having received investment promotion from the Board of Investment (BOI), can request a certificate confirming their business operations in Thailand. This certificate ensures that the business is compliant with the regulations established by law.

Steps for Requesting the Certificate under Section 12:

1. Receiving Investment Promotion from BOI:

The foreign company or individual must first obtain investment promotion from the BOI. This promotion grants several benefits, including tax exemptions and the ability to hold more than 49% of shares in a Thai company.

2. Submitting the Application:

After receiving BOI promotion, the foreign company or individual may submit an application for the Certificate of Business Operation to the BOI. The application will be reviewed based on established criteria.

4. Issuance of the Certificate:

Once the application is approved, the BOI will issue the Certificate of Business Operation, confirming that the foreign company or individual is authorized to operate their business in Thailand in accordance with the conditions set by BOI.

Importance of the Certificate:

Business Status Confirmation:

The certificate verifies that the foreign company or individual is authorized to conduct business in Thailand according to the terms approved by the BOI.

Obtaining Business Permits:

The certificate can be used to apply for additional necessary permits or licenses to operate a business in specific sectors.

Confirmation of Benefits:

The certificate confirms the rights and benefits granted by BOI, such as tax exemptions and other business incentives.

In summary, this certificate is a crucial step for foreign businesses in Thailand that have received investment promotion from BOI. It serves to confirm their legal status and grants access to the benefits outlined by the BOI for conducting business in the country.

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