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Home / Company Formation & BOI / Q1008

Does a BOI company still need a Foreign Business Certificate?

Business advisors preparing company documents — biz kb q id
Business advisors preparing company documents — biz kb q id

Answered by the corporate team at NYC Visa & Translation

Yes. Promotion does not remove the Foreign Business Act; it changes the route. A promoted company applies to the Department of Business Development for a Foreign Business Certificate under section 12 of the Act, which is granted on the basis of the BOI approval and is materially faster than a full licence application. The certificate covers only the scope described in the promotion certificate — any List Three activity carried on outside that scope still needs its own approval. Ask our Thai corporate team to review your structure by phone, LINE or email before you file.

Based on the Civil and Commercial Code, the Foreign Business Act B.E. 2542, the Investment Promotion Act B.E. 2520 and related legislation as at August 2026. General information only, not advice on a specific matter — verify with dbd.go.th and boi.go.th before acting.

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