Thailand - BOI Launches New COVID-19 Relief Measures for Promoted Companies


Many companies that operate in Thailand under promotion by the Board of Investment (BOI) are encountering unique challenges during the COVID-19 crisis. Delays to logistics systems and fund remittance services, among other factors, have impeded their ability to comply with the conditions and regulatory duties imposed under their BOI investment project. The office of the BOI has therefore issued BOI Announcement No. Por. 4/2563 on May 12, 2020, which provides relief measures to qualifying BOI-promoted companies, to help mitigate the impact on their operations. The relief is generally in the form of much-needed time extensions to certain operational requirements, which are summarized in the below article.

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