Thailand is a magnificent country with its famous attractions, resorts, culture, and entertainment, attracting millions of visitors each year. Among those who enjoy all that the Land of Smiles has to offer is a percentage who consider doing business there. Why not? It offers excellent value for money, a wonderful, relaxed lifestyle, stunning weather, and a growing infrastructure.
Of course, like all countries, Thailand has many different laws to where a person originates, as well as a new culture to try and comprehend. There are many opportunities in a wide range of businesses available. However, setting them up requires expertise. Those who research thoroughly will quickly realise that registering a business with the BOI, the Board of Investment, offers many incentives to investors. Those wanting to follow this route are advised to seek professional assistance by clicking on https://thailand.acclime.com/ for the following 5 reasons.
- It can take a lot of time and money to carry out all the research so that an application to register with the BOI is successful. Those are resources that can be spent far more wisely elsewhere, instead leaving the process in the hands of those with a proven track record of success. The BOI allows 100% foreign ownership of a company registered with them, compared to other ventures that require majority Thai ownership, especially in certain promoted industries.
- Getting finances tax-ready is something that an outsourced team with local knowledge can prove invaluable with. The BOI is especially generous when it comes to tax, with companies benefitting from exemptions for up to eight years when properly sourced. That is why outside expertise is the way to go, as they can make huge savings, with there also being exemptions available on machinery and raw materials.
- Visas can cause many issues for those looking to operate a business in Thailand, with many falling foul of the regulations, which can end in frustration and extreme penalties being imposed. That can be forgotten about when a team that understands the legalities deals with it by registering with the BOI, who simplify things connected to work permits, especially regarding foreign executives and skilled staff.
- Numerous business opportunities are waiting to be grasped through BOI registration, assisted when choosing to work with an experienced team. Once the process is completed, it is possible to gain access to industrial zones and receive assistance for government-sponsored training programs. Promotional support is another attractive feature for those new companies looking to embrace a new and exciting location.
- Reputation counts for a lot in business, especially when setting up a new company. Getting established isn’t always easy, so any assistance should be grabbed. Those who register with the BOI will signal that they are legitimate, which will impress potential clients and other funding bodies, who see that the company is embracing national development goals.
Registering with Thailand’s BOI provides many advantages for any company looking to set up, which can be accessed more easily when choosing an outside team to deal with the process.
