Case Study — BOI Software Promotion and 100% Foreign Ownership (Thailand)
How UnblockPro.asia structured a BOI software project to secure foreign ownership up to 100%, visa/work-permit advantages, and a bank-friendly compliance profile—without overpromising or risking future audits.
Client Snapshot
- Profile: VC-backed SaaS company expanding APAC engineering hub in Bangkok.
- Objective: Obtain BOI promotion (software activity) to enable 100% foreign ownership and streamlined visas/work permits.
- Constraints: Cross-border revenue, IP held offshore, need for rapid hiring of foreign engineers.
- Languages: English • 中文 • Русский • ไทย.
Key Results
- BOI application accepted with a clean scope (software/platform services).
- Foreign ownership pathway confirmed under BOI privileges.
- Visa/Work-permit advantages for core staff via BOI channels.
- Banking & compliance aligned for smooth KYC and payroll.
Challenge
The company needed BOI benefits for speed and flexibility, but the project description, investment plan, and headcount had to match BOI criteria precisely. Any mismatch between offshore IP ownership, Thai revenue, transfer pricing, or staffing plans could jeopardize approval or future renewals.
What We Did
- Activity scoping: mapped deliverables to BOI software categories (development, platform/DevOps, support services) and excluded non-eligible operations.
- Corporate structure: aligned Thai entity with BOI rules on ownership, directors, capital, office lease, and accounting setup.
- Investment & HR plan: drafted capex/OPEX schedule, hiring plan (Thai/foreign mix), training, and technology stack narrative.
- Compliance pack: policies for IP, data protection, and intercompany service agreements to satisfy reviewers and banks.
- Submission & follow-up: prepared Thai/English documentation, coordinated Q&A, and briefed executives for interviews.
Timeline
Weeks 1–2: scoping, risk review, and document collection. Weeks 3–4: finalize business plan, HR chart, and financial model; submit BOI application. Following weeks: reviewer Q&A, site/online interview (if required), and issuance of approval letter. Post-approval, we support foreign-ownership registration steps, visas/work permits, and onboarding.
BOI Software — Typical Benefits
Subject to project eligibility and BOI terms, software promotion often provides a pathway to 100% foreign ownership, simplified visa & work-permit processing for key staff, and—where granted—tax and duty incentives. Exact incentives and durations depend on the activity/category and current BOI policy; we never overstate benefits and always confirm against the latest conditions.
Documents We Prepared
- Company affidavit, objectives, shareholder list, director powers, office lease & TM30.
- Business plan (product modules, roadmap, stack, security), hiring plan & org chart.
- Investment schedule, revenue model (local/export), intercompany service agreements.
- IP & data-protection statements; sample contracts and SLAs.
- Banking/KYC package for payroll, inbound investment, and client receipts.
“Their BOI plan was precise and practical. We obtained approval and hired engineers fast—no drama.”
— CTO, Software Client (Bangkok)
Why Teams Choose Us
- Legal-first, audit-ready: documents that satisfy BOI, immigration, labour, and banks.
- Foreign ownership expertise: clean pathways to 100% ownership under BOI.
- Hiring speed: coordinated visas/work permits so you can onboard key staff quickly.
- Multilingual delivery: English • 中文 • Русский • ไทย.
FAQ — BOI Software & Foreign Ownership
Can BOI allow 100% foreign ownership?
What about tax incentives?
How fast can we hire foreign engineers?
This case study describes a typical pathway for software promotion. BOI criteria and incentives can change; this is not legal advice. We tailor each application to current rules and your facts.
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