Board of Investment: The application workflow
The Thailand Board of Investment operates under the Prime Minister’s Office and is the principal government agency for encouraging investment. it is well organized and headquartered in Bangkok.With it’s 14 overseas offices (Beijing, Frankfurt, Guangzhou, Los Angeles, Mumbai, New York, Osaka, Paris, Seoul, Shanghai, Stockholm, Sydney, Taipei, and Tokyo) BOI Bangkok serve as Thailand’s front desks in liaising with potential investors. The organization chart is publicly available and its officers typically speak fluent English.
There are two units under the BOI that facilitate investment by speeding up the paperwork associated with government regulations. On the one side this is the “One Stop Center for Visas And Work Permits”. The OSC can process applications or renewals of visas and work permits within three hours, assuming all required documents are provided. In addition, the center handles many other transactions, including changing visa status (to non-immigrant status from tourist or transit), payment of fines, and processing of re-entry stamps, all within three hours or less. The other unit is the “One Start One Stop Investment Center”. The OSOS has staff from almost two dozen agencies available to help investors with various applications.
The workflow of the BOI application process follows a legally imposed pattern.