Bangkok, Thailand – In a significant move to bolster foreign investment and expatriate services, Prime Minister Paetongtarn Shinawatra has officially inaugurated the Thailand Investment and Expat Services Center (TIESC). This newly launched center in Bangkok is designed to streamline essential services for international investors, skilled professionals, and expatriates seeking to establish their presence in Thailand.
A New Hub for Foreign Investors and Expats
TIESC serves as a centralized hub, integrating key functions from multiple agencies, including the Board of Investment (BOI), the Immigration Bureau, and the Department of Employment. The facility consolidates existing initiatives such as the One Start One Stop Investment Center and the One Stop Service for Visa and Work Permits, providing foreign nationals with:
- Fast-Track Visa and Work Permit Processing – Streamlined application processes for business investors and professionals.
- Long-Term Residency Support – Advisory services for expatriates seeking extended stays.
- Business and Investment Assistance – Guidance on setting up operations under BOI-endorsed projects.
Strategically located in the PARADE Zone of One Bangkok, the center aims to reduce bureaucratic hurdles and enhance Thailand’s appeal as a premier destination for international business.
Reassuring Stability Amid Recent Events
During the launch event, Prime Minister Paetongtarn acknowledged concerns about a recent earthquake and reassured attendees that thorough safety inspections have confirmed the structural integrity of buildings across Bangkok. She emphasized that Thailand remains a secure and thriving destination for tourism and investment.
Thailand’s Economic Growth and Investment Trends
With over 3,100 investment applications submitted in 2024, amounting to an estimated 1.1 trillion baht, Thailand continues to attract global business interest. The nation’s key investment sectors include:
- Bioeconomy and Sustainability
- Digital Transformation and Technology
- Semiconductor and Advanced Electronics
- Next-Generation Automotive Innovations
- International Business Services
BOI Secretary-General Narit Therdsteerasukdi highlighted recent government initiatives aimed at attracting top-tier foreign talent, including updates to the Long-Term Resident (LTR) visa. The revised program, approved in January 2025, provides:
- 10-Year Renewable Residency
- Multiple Re-Entry Privileges
- Work Permit Eligibility
- A 17% Flat Tax Rate for Eligible Professionals
Since the start of the year, over 6,000 LTR visas have been approved, with the highest number of applicants from Europe (2,500), the United States (1,080), Japan (610), China (340), and India (280).
Strengthening Thailand’s Global Position
With the establishment of TIESC, Thailand reinforces its commitment to fostering a business-friendly environment, attracting foreign investment, and providing world-class services to expatriates. By simplifying visa procedures, residency applications, and investment processes, the country aims to enhance its competitiveness in the global market.