Picture courtesy of HSBC

 

Thailand has launched a new initiative to attract foreign investors and expats by opening the Thailand Investment and Expat Services Centre (TIESC) in Bangkok. Inaugurated by Prime Minister Paetongtarn Shinawatra on Monday, the facility aims to simplify the processes for investment, visas, and work permits.

 

Located in the One Bangkok building, TIESC is a collaborative project from the Board of Investment, Immigration Bureau, and Department of Employment. Its mission is to reduce bureaucracy and boost Thailand's appeal as a prime destination for global investors and long-term residents.

 

During the opening ceremony, PM Shinawatra highlighted the facility's role in fostering economic transformation through advanced technology and innovation. The centre's establishment supports the nation’s strategy to enhance its global economic presence and facilitate international business opportunities.

 

 

 

The new hub reflects Thailand's proactive approach, as the country saw 3,100 investment applications totaling 1.1 trillion baht last year. As a cultural and economic bridge, TIESC aims to link Thailand with the international community, providing streamlined services to support professional growth and business development.

 

In tandem with TIESC's opening, Thailand is revisiting its visa policies, contemplating a reduction of the visa-free stay for tourists from 60 to 30 days, addressing concerns over potential misuse. Currently, no official changes have been made, and visitors are advised to check the latest visa requirements prior to their travels.

 

With these strategic moves, Thailand positions itself as an increasingly attractive hub for global investors and expats, driving economic growth and fostering international relations, reported The Thaiger.

 

-- 2025-03-31

 

 

4 minutes ago, snoop1130 said:

the facility aims to simplify the processes for investment, visas, and work permits.

So, anyone can go there for a WP or Visa?

Another hub for investors  maybe the Chinese can help and build more skyscrapers  maybe get rid of the corruption first then maybe people might like to invest

14 hours ago, ozz1 said:

Another hub for investors  maybe the Chinese can help and build more skyscrapers  maybe get rid of the corruption first then maybe people might like to invest

Chinese are a very afraid bunch. Most of them, anyway. A couple of posts in their social media about something, and they are all trembling.

 

Don't see private Chinese investment in skyscrapers, especially condos booming after what just happened on Friday...

Do they open you a bank account as it's near impossible to open one now

Was there, around midday yesterday. The girls wanted to go to Harbourland so I checked the new location for BOI/LTR. Pretty classy but some lady told me that for business it was better to come next week.

 

Nice to see some high level commitment to BOI though.

April 1st. Very apt. !

You can't pull the wool over their eyes! The early bird catches the worm...  I wonder if they actually go home at night and dream up these scams?

16 hours ago, snoop1130 said:

expats

 

A smart expat doesn't invest money in thailand

It's mission is to reduce bureaucracy. 

 

Mission impossible. 

Yes April fools.

 

So you bring money in to invest and you immediately get taxed ?

Good investment. I'll pass.

Wonder how many applications were Chinese or money laundering businesses.

My tip to the Thai government for attracting investment and expats: Don't tax them/us.

First you want us to pay tax on the money we send over and then you want us to invest. What's wrong with you?

I thought the Board of Investment was the entity that helped foreigners to invest in Thailand? 

Please explain the difference.

32 minutes ago, BangkokHank said:

My tip to the Thai government for attracting investment and expats: Don't tax them/us.

 

My tip to investors, don't invest in Thailand.

13 minutes ago, JJ-Thailand said:

First you want us to pay tax on the money we send over and then you want us to invest. What's wrong with you?

 

Greed!

29 minutes ago, JJ-Thailand said:

First you want us to pay tax on the money we send over and then you want us to invest. What's wrong with you?

Taxes are targeted to the middle-class complying sheep. People who are wealthy enough to invest substantial money somehow do not pay taxes. That is so obvious for them it's unnecessary to mention it.

 

1 hour ago, Formaleins said:

You can't pull the wool over their eyes! The early bird catches the worm...  I wonder if they actually go home at night and dream up these scams?

They come and go. 

18 hours ago, bkk6060 said:

So, anyone can go there for a WP or Visa?

And taxes for overseas income..

Have they even clarified yet with the new tax law? 

Is it all foriegn money  that you have or just the money you remit to Thailand? is taxed? 

 

BlaBlaBlaa.......

Thailand is a great country with enormous potential.
Unfortunately, as in some European countries, the governing parties seem more focused on fighting each other than on working together to develop long-term economic solutions.

 

TIESC is more focused on visa-related matters and the simplification of administrative processes.

 

There are many ways the economy could be sustainably strengthened:

    Effectively combatting corruption in the financial and administrative sectors,

    Allowing nominee directors, following Singapore’s example, to provide more flexibility for international entrepreneurs,

    Abolishing withholding tax on dividends to increase the country’s appeal as an investment hub,

    And lowering the overall tax burden, without undermining the state’s ability to function.

In addition, clear and enforceable laws are needed to ensure economic fairness and legal certainty.
Only a combination of economic openness and firm rule of law will allow Thailand to realize its full potential – for both local citizens and foreign investors.

 

2 hours ago, JJ-Thailand said:

First you want us to pay tax on the money we send over and then you want us to invest. What's wrong with you?

 

I intended to trade in my car for a new one last year but the possibility of having to pay tax on the money I'd have brought in put me off. I know several other expats who haven't bought cars for the same reason. And they want us to bring money in!!!

11 minutes ago, robz said:

Thailand is a great country with enormous potential.

 

If you know the right people which you don't your on your own.

47 minutes ago, robz said:

Thailand is a great country with enormous potential.

Thailand could have a great future but only if they make political changes that are too sensitive to mention here.

Thailand has the potential to be another Singapore but on a larger scale.

4 hours ago, Ben Zioner said:

Was there, around midday yesterday. The girls wanted to go to Harbourland so I checked the new location for BOI/LTR. Pretty classy but some lady told me that for business it was better to come next week.

 

Nice to see some high level commitment to BOI though.

MEGA HarborLand @One Bangkok - HarborLand Group

It seems to me that perhaps this "One Bangkok" development might almost already fit the Thai Govt's multiple physical requirements for locating a casino.

If you don't deal with the Toxic pollution that has been greying the skies for the last 3 months you won't be attracting anyone !

 

This is a serious public health hazard, yet every day we still see garden fires, black smoke bellowing from exhaust pipes and little control of agricultural burning.

21 hours ago, snoop1130 said:

Picture courtesy of HSBC

 

Thailand has launched a new initiative to attract foreign investors and expats by opening the Thailand Investment and Expat Services Centre (TIESC) in Bangkok. Inaugurated by Prime Minister Paetongtarn Shinawatra on Monday, the facility aims to simplify the processes for investment, visas, and work permits.

 

Located in the One Bangkok building, TIESC is a collaborative project from the Board of Investment, Immigration Bureau, and Department of Employment. Its mission is to reduce bureaucracy and boost Thailand's appeal as a prime destination for global investors and long-term residents.

 

During the opening ceremony, PM Shinawatra highlighted the facility's role in fostering economic transformation through advanced technology and innovation. The centre's establishment supports the nation’s strategy to enhance its global economic presence and facilitate international business opportunities.

 

 

 

The new hub reflects Thailand's proactive approach, as the country saw 3,100 investment applications totaling 1.1 trillion baht last year. As a cultural and economic bridge, TIESC aims to link Thailand with the international community, providing streamlined services to support professional growth and business development.

 

In tandem with TIESC's opening, Thailand is revisiting its visa policies, contemplating a reduction of the visa-free stay for tourists from 60 to 30 days, addressing concerns over potential misuse. Currently, no official changes have been made, and visitors are advised to check the latest visa requirements prior to their travels.

 

With these strategic moves, Thailand positions itself as an increasingly attractive hub for global investors and expats, driving economic growth and fostering international relations, reported The Thaiger.

 

-- 2025-03-31

 

 

The first thing they should do where expats are concerned is stop this ridiculous 90 day reporting, there is no need for it. Other countries get by without it, so why can't this Banana Republic of Thailand?