Thailand is advancing a transformative capital market strategy through the proposed introduction of a private trust framework, aimed at positioning the country as a regional wealth and asset management hub. According to a report by Bangkok Post, the initiative—spearheaded by the Association of Investment Management Companies (AIMC)—could unlock up to 1 trillion baht in foreign capital inflows within two years.

A private trust structure enables wealthy individuals to separate asset ownership from management, facilitating cross-border investment, succession planning, and asset protection. The proposal draws inspiration from Singapore, widely regarded as Asia’s leading wealth hub, where integrated tax incentives, regulatory clarity, and strong financial infrastructure have attracted trillions in global assets.

Pote Harinasuta, who also leads One Asset Management, noted that Thailand aims to replicate key elements of Singapore’s success while tailoring them to local strengths. Proposed measures include competitive tax incentives, legal recognition of private trusts, and requirements for foreign investors to allocate a portion of their assets—at least 10%—to Thai capital markets.

The strategy also targets high-potential investor segments, particularly from the Middle East, alongside expatriates residing in Thailand. Kongkiat Opaswongkarn highlighted opportunities for foreign direct investment, especially in healthcare, tourism, and real estate sectors.

While Thailand offers lifestyle advantages and lower living costs, challenges remain, including regional competition and limited large-scale investment projects. Experts stress that success will depend on robust execution, credible legal frameworks, and sustained policy commitment to attract and retain global capital.