Issues to Consider if a Company wishes to apply for BOI (TISO) Promotion
Many companies in Thailand think that Thailand’s Board of Investment (BOI) promotions are focused on promoting manufacturing but few are aware that the BOI also offers promotion privileges for services companies such as those involved with engineering services, technical services as well as wholesaling; such promotion falls under Activity 7.7 otherwise known as Trade and Investment Support Office or ‘TISO’. This article shall cover some important factors which a company should consider before they apply for this type of investment promotion, including the conditions which apply to the grant, benefits of TISO and compliance matters. TISO Conditions For a company to be eligible for TISO promotion, it must meet the following conditions which are set out by the BOI under activity 7.7 of its handbook: Annual sales and administrative expenses must be at least 10 million baht; It must have […]
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