BOI scheme 7.32

Definition

Sub-category of the BOI programme dedicated to Special Industries activities (digital services, R&D, IT, biotech, agritech). Scheme 7.32 allows a foreigner to hold 100% ownership of a Thai company with 5-year corporate income tax exemption, SMART visa for the managing director, and the rare ability to own land for office premises. Minimum paid-up capital of 2 million THB is required, with the project validated by the BOI. This scheme is widely used by digital nomads and tech entrepreneurs to structure their business operations in Thailand in a fully legal manner.