Q1370. Can foreigners apply for BOI promotion without a Thai shareholder?

Answered by the NYC Visa & Translation team

Yes — and this is a key advantage of the BOI route: most promoted activities allow 100% foreign ownership with no Thai shareholder required, unlike ordinary businesses restricted by the Foreign Business Act. However, watch out: (1) some activity categories still set a minimum Thai shareholding — check the conditions for your specific category (2) the Thai legal entity must be registered before or after approval following the prescribed sequence (3) registered capital and minimum investment must meet the thresholds (4) funding sources must be clear and remitted with evidence the BOI accepts. Our team checks the activity conditions, structures the shareholding, and prepares the Thai-English document set for the BOI application. This is general guidance; requirements and fees change — always verify with the embassy, Thai Immigration, the Department of Livestock Development, the BOI, or the OIC before proceeding.