The Thailand Board of Investment (BOI) has announced key updates applicable that will apply to companies promoted by the BOI.
First, there will be minimum salary threshold changes. To demonstrate proof of salary, employers will need to provide an employment contract for all new work permit applications; and withholding tax documents for renewal applications.
Additionally, for BOI-promoted companies in the manufacturing sector, companies with more than 100 employees will need to ensure that at least 70% of their workforce consists of Thai nationals. Exemptions may apply in certain cases, such as for smaller companies or under special conditions. Monthly social security contribution documents must be submitted as proof of the number of Thai employees. Currently, there is no local worker quota.
These changes will take effect starting October 1, 2025 for companies with BOI-promoted certificates issued on or after June 5, 2025; and January 1, 2026 for companies with certificates issued before June 5, 2025.
This alert is for informational purposes only. If you have any questions, please contact the global immigration professional with whom you work at Fragomen or send an email to [email protected].
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