Apr 1, 2025
Thai Prime Minister Patton Thammavong presided over the opening ceremony of the Thailand Investment Services Centre (TIESC), which aims to attract global professionals, promote Thailand as a regional innovation hub, and build a future economic system.
On March 31, Thai Prime Minister Pat Thongthakul presided over the opening ceremony of the Thailand Investment and Expat Services Center (TIESC) on the seventh floor of the One Bangkok building and delivered a speech. Several government officials, private sector representatives, and heads of foreign chambers of commerce attended the event.
Pae Thongthakul first expressed her condolences to the victims of the earthquake and assured everyone that the government had fully controlled the situation and completed safety inspections of buildings in Bangkok. She emphasized that Thailand remains a safe and reliable destination for tourism and investment.
She stated that the TIESC center symbolizes Thailand's sincerity in opening up to the world and its determination to welcome global investors and professionals. Thailand is undergoing a significant transformation, and in 2024, it is expected to welcome 3,100 investment projects with a total investment of 1.1 trillion baht, a record high in the past decade, fully demonstrating international investors' confidence in Thailand.
Thailand is committed to becoming an innovation hub for several strategic industries, including the bioeconomy, modern automobiles, semiconductors, digital technologies, and an international business hub. The government hopes to promote sustainable economic development by attracting top global professionals.
Phethongthan emphasized the importance of creating a convenient and transparent business environment, pointing out that the TIESC Center will help businesses operate more conveniently and efficiently in Thailand through modern services. She stressed that the TIESC Center is not only a service organization but also a cultural bridge and a platform for enhancing understanding, and called on all parties to work together to build Thailand into a land of innovation, development, friendship, and prosperity.
According to Narit, Secretary General of the Thailand Board of Investment (BOI), the TIESC center, located on the 6th and 7th floors of the Parade area of the One Bangkok project, integrates two main functions: an OSOS (One-Stop Investment Service) center and a Visa and Work Permit center.
The OSOS center provides comprehensive consultation and information support to foreign investors intending to invest in Thailand, and coordinates with relevant government departments to centrally provide services required for business establishment. The Visa and Work Permit center, through collaboration between the BOI, the Immigration Department, and the Department of Employment, provides a single-window electronic service for visa and work permit applications. Investors can complete the entire approval process with a single online application, eliminating the need to submit materials to each agency separately.
The original OSOS and Visa Service Center, located in Chamchuri Square, Bangkok, faced service pressure due to the continuous growth in foreign investment—averaging 400-500 people per day, with peak days exceeding 1,500 people. With the government introducing talent attraction policies such as long-term residency visas and smart visas, the BOI decided to integrate the resources of the two centers to establish TIESC to enhance service capabilities and meet the continuously growing demand.
The TIESC center will become a crucial hub connecting Thailand with global investment. To attract new-era investment, preferential policies alone are insufficient; investors prioritize ease of doing business and streamlined visa and work permit processes for foreign executives and professionals—key factors in attracting highly skilled talent to Thailand.
The BOI recognizes this and is collaborating with the Immigration Department, the Ministry of Labor, and other agencies to improve service efficiency. The new center will serve as a vital platform for integrating government and business resources to support corporate investors in achieving success in Thailand.
(Source: Thailand Lanxiang Network)