Two State Banks and BOI to Assist SMEs Affected by the COVID-19

^{The Board of Investment had joined hands with two state-backed banks to assist the SMEs affected by the pandemic. The BOI worked with the Small and Medium Enterprise Development Bank of Thailand (SME D Bank) and Export-Import Bank of Thailand (EXIM Bank) to arrange a seminar online to speak on “SME solution for the COVID-19 crisis”.}

^{The above-mentioned seminar had been arranged to guide the entrepreneurs, who are interested in getting BOI privileges. Additionally, the two banks and BOI Thailand provided many measures to assist those affected during this crisis. Below are some highlighted measures;}

1. ^{Diminishing the minimum investment to Baht 500,000 for those who want to apply for the Board of Investment privileges (minus the land investment and rotating funds).}
2. ^{Increasing corporate tax break to 200% investment value for all the type-A entrepreneurs (with 3-8 years privileges);}
3. ^{Allowing import of second-hand machines for projects;}
4. ^{The BOI has also planned to offer additional benefits to SMEs located in the special economic zones in the ten border provinces so as to promote inter-border investment. However, to be eligible for these, you must have a total revenue of not anything lesser than 500 million Baht per year. Also, you must apply for the privileges before 2021.}

^{If you haven’t applied for BOI privileges yet, this may be the right time for you. Contact us for BOI registration in Thailand.}