FOLLOW ON WORK FOR UTILIZATION OF PROMOTIONAL PRIVILEGES OF BOI PROMOTED PROJECTS

 BALSE Company Limited provide consulting services for follow on activities after BOI is issued, both on a monthly basis and on a job basis. We will help you to monitor the compliance BOI requirement every month and also help you decide what the best way to achieve BOI and advise your company how to accurately keep records.

Analytics  Planning  Submitting and follow up  Monitoring and Updating

Analytics

  • Analyze and evaluate client requirements and business goals. We will define clear goals and formulate a comprehensive solution based on client needs.
  • Analyzing business practices and recommend improvements to meet BOI requirement.

Planning

  • Writing reports on data that affect business performance
  • Suggest system improvements.

Monitoring & Updating

  • Sharing knowledge with clients within the department or in other departments. 
  • Advise our client how to accurately to keep records.
  • Meeting with assigned clients when needed and perform initial assessments.

Submitting and follow up

  • We work as a representative to coordinate with BOI. To do all the BOI documentation and Coordinate with BOI officer until approval is obtained. 

WORK DETAIL:

Report to BOI:

  • Report the consequence of the operation to the Board of Investment (BOI). 
  •  Report the project’s progress to the Board of  Investment (BOI)
  • Report other things following a specific condition on  a Promotion Certificate such as a decrease in capital, and a changing proportion of stakeholders, etc.
  • Report a financial budget to BOI in case of  being granted rights for an income tax exemption.
  • Ask for the permission to operation.

Machinery:

  • Give recommendations and ask the approval for BOI Machine master list.
  • Ask for the permission to edit or add materials on BOI Machine master list.
  • Ask  for the permission to  extend the duration to import the machine in case of   inability to meet the BOI’s due.
  • Ask the approval for exempted or reduced import duty of the machine.
  • Dispose of the machine account.
  • Ask for  the permission to use the  machine for other purposes:

            - Ask for the permission to mortgage, hire- purchase, or lease the machine granted on the BOI Certificate.
          - Ask for the permission to distribute, transfer, or donate the machine granted on the BOI Certificate.
          - Ask for the permission to import the machine or the mold granted on the BOI Certificate for other purposes.
          - Submit the machine granted on the Promotion Certificate to foreign countries. 

Materials:

  • Give advice and   ask the approval for BOI Raw material master list.
  • Ask for the permission to extend the duration to import BOI Raw material master list.
  • Ask the approval for exemption, or reduction on the raw materials’  import duty.
  • Ask for the permission to edit quantity or addition of  the raw and essential materials for each item used in   production.
  • Ask for the permission to edit or add the raw and  essential materials used in production.
  • Ask for the approval for the formula of the raw material.
  • Ask  for the permission to adjust a production formula of using the raw materials and the  essential materials.
  • Dispose of the raw materials account.
  • Transfer the raw materials.
  • Dispose of the scrap account.

VISA & WORKPERMIT:

  • Ask for the approval of positioning.
  • Ask for the permission to bring foreign technicians and experts.
  • Apply for the approval to extend for the foreigner technicians and experts. 
  • Ask for the permission to bring family of foreign technicians and experts.
  • Ask for the permission of foreign technicians and experts’ resignation.
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