As Thailand strives to become a hub for international business, True Digital Park is playing a significant role in promoting the country as a prime destination for foreign investors. With the aim of increasing foreign direct investment (FDI) in Thailand, the company is highlighting the country’s unique ecosystem for startups and entrepreneurs, in collaboration with the Office of the Board of Investment (BOI). This comes at a time when Thailand is looking to regain its competitive edge in the ASEAN region, where it currently ranks sixth in terms of FDI, with a value of around $4.5 billion in 2023, down from $11.2 billion in 2022.
To attract foreign businesses, True Digital Park has established the TDPK International Service Center, a one-stop shop that offers a comprehensive range of services catering to the needs of international investors. These services include assistance with business setup, long-term residence, and lifestyle adjustments, making it easier for foreigners to invest and live in Thailand. The center has already supported over 100 foreign investors from 32 nationalities in obtaining SMART “S” Visas, enabling them to engage in various industries such as digital technology, finance, entertainment, and education.
According to Dr. Tarit Nimmanwudipong, General Manager of True Digital Park, the company has been working with the BOI for over six years to create a strong network of partners that can attract foreign investment to Thailand. “We have been successful in supporting foreign investors in obtaining SMART Visas and long-term residence visas, and we continue to provide them with a range of services that make it easy for them to do business in Thailand,” he said. The TDPK International Service Center has also facilitated the setup of over 300 foreign companies in its ecosystem through programs such as Global Startup or office and co-working space rentals.
The center’s services can be broadly categorized into three areas:
visa services
,
comprehensive business services
, and
lifestyle services
. In terms of visa services, True Digital Park supports the BOI’s policies by promoting long-term residence options such as the Long-Term Residence Visa, Thailand Privilege Card, SMART Visa, and Destination Thailand Visa (DTV). The company also provides guidance on settlement and healthcare services.
For business services, the center offers consulting on business setup, company establishment in Thailand, and networking opportunities with potential partners and investors. Additionally, it provides office space for companies looking to set up operations in the country. To enhance the lifestyle of foreign residents, the center offers a range of amenities such as fitness centers, spas, restaurants, and international schools, as well as community-building activities like running clubs and recreational events.
By providing a comprehensive range of services, True Digital Park is well-positioned to support the Thai government’s efforts to attract more foreign investment and promote the country as a hub for international business. As the company continues to work closely with the BOI, it is likely that Thailand will become an even more attractive destination for foreign investors in the years to come.
In the highly competitive landscape of ASEAN, where countries are vying for foreign investment, Thailand’s unique ecosystem for startups and entrepreneurs is a key selling point. With the support of companies like True Digital Park, the country is well-placed to regain its competitive edge and attract more foreign investment in the future.
As the Thai government continues to promote the country as a hub for international business, it is likely that we will see an increase in foreign investment in the coming years. With companies like True Digital Park providing comprehensive services to support foreign investors, Thailand is well-placed to become a prime destination for international business.
