News & Events

Proposed Changes to Foreign Business Act Don't Affect BOI Scheme

BOI affirms that the BOI investment promotion scheme will not be affected by the proposed changes to the Foreign Business Act.

Mr. Satit Chanjavanakul, Secretary General of the Board of Investment (BOI), said that the approval of the Cabinet on the amendment to the Foreign Business Act does not interrupt the Board's investment promotion policies and procedures. According to the Investment Promotion Act, the BOI allows foreign equity par ticipation up to 100 percent in all activities eligible for investment promotion, except those specified in list 1 whereby BOI has already required Thai majority ownership, and in activities that fall under specific laws such as telecommunications, and marine, air and land transport.

Therefore, companies that have already received or seek BOI investment promotion will not be subject to the proposed ownership rule revision, except those in the activities mentioned above. Currently, there are 7 categories covering over 273 activities in both manufacturing and services eligible for BOI promotion.