Has anyone ever heard of the term BOI? If you are wondering about the benefits of BOI, here’s a brief overview of the rights and benefits for general automobile manufacturing businesses under section 4.6.
For those who receive promotion, the following rights apply:
– Permission to bring in foreign skilled workers or experts, along with their spouses and dependents, to stay in the Kingdom for a specified duration as deemed appropriate by the committee.
– Foreign skilled workers or experts granted permission may work in designated positions approved by the committee for the allowed duration in the Kingdom.
– Permission to own land in an amount deemed appropriate by the committee.
– Exemption from import duties for machinery approved by the committee.
– Exemption from import duties for raw materials and necessary supplies imported from abroad for production aimed at export for one year from the date of the first import.
– Exemption from import duties for items imported to be re-exported for one year from the date of the first import.
– Permission to remit or send money out of the Kingdom in foreign currency.
Promoters must comply with general and specific conditions of the approved project, register to update the raw material stock for imports and exports through the IC system. Access the system through the following link: https://eservice.ic.or.th/iconline/login.aspx
