BOI offers incentives for SMEs listed on MAI
The Board of Investment (BOI) has approved investment incentives for SMEs which will be listed on the Thai Market for Alternative Investment (MAI).
Keywords: Mazars, Thailand, Legal, BOI, MAI, SMEs
4 January 2018
The ceiling for corporate income tax exemptions will be raised to 200 per cent, effective from 1 January 2018 to 30 December 2020. The aim is to provide support to Thai SMEs to develop their capabilities, achieve sustainable growth, and gain access to financial funds to take advantage of opportunities on the international market.
The BOI also approved a new investment incentives category, “Trade and Product Development Center”, to support SMEs in regard to product development, increasing distribution channels, and accessing markets. Applications for incentives in this category must be submitted by 30 December 2018.
For more information, please visit the Investor Club Association's website.
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‘Single window’ for visas and work permits
The Board of Investment (BOI) has launched this programme in connection with hiring expatriate staff for companies that receive investment incentives from the BOI.
BOI approval of positions for visa and work permit
In June 2017, the Foreign Expert Services Division of BOI set out rules for approving a position for a company receiving Board of Investment (BOI) incentives. The notification states that the position approved by the BOI will be eliminated once the company cancels the position in the BOI’s system. The company must then apply to have the position approved again for a new expat to fill that position.