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Phuket Business Leaders Unveil 'Privilege Card' for Investors

Prominent figures from the Phuket Chamber of Commerce (PCC) have unveiled the ‘Phuket Privilege Card,’ a new service designed to streamline investments into the province. This initiative aims to assist members in navigating government interactions to establish fully legal operations on the island.

Phuket Chamber of Commerce Chairman Kongsak Khoopongsakorn explained that the Privilege Card will serve as a model for other regions by providing integrated, one-stop services for members. Through the card, foreign businessmen can receive advice and support for conducting trade and investing in Phuket, ensuring compliance with legal regulations.

The launch event, held at the Ramada Plaza by Wyndham Chao Fah Hotel in Wichit, was attended by Phuket Governor Sophon Suwannarat and Phuket Provincial Police Commander Pol Maj Gen Sinlert Sukhum, indicating strong local government support for the initiative.

Thanusak Phungdet, former PCC Chairman and now Chairman of the Board of Directors of Phuket Privilege Card Co Ltd, emphasized Phuket's robust economic growth and tourism potential, which attract both Thai and foreign businessmen. He noted the absence of a one-stop service center in the past, which the Privilege Card now aims to address by providing convenient and accurate services for the private sector.

The development of the Privilege Card began with a Memorandum of Understanding (MoU) signed in March 2023 by 10 private sector organizations, including the Phuket branches of the Federation of Thai Industries, the Thai Hotel Association Southern Chapter, the Phuket Tourist Association, and the Phuket Real Estate Business Association.

Benefits for Privilege Card members include trade and investment advice, legal counsel, and coordination with government agencies and local administrative bodies. Thanusak highlighted that the card will build confidence among foreign investors by ensuring fair and equal treatment by the government, facilitated by the Privilege Card service.

What is Phuket Privilege Card (PPC)?

Phuket, renowned for its growing economy and booming tourism, continues to attract both Thai and foreign investors. The Phuket Privilege Card (PPC) offers a streamlined solution for foreign investors by serving as a comprehensive service center. The card provides precise advice, organizes meetings, and fosters relationships with local businesses. Accepted by both private and government sectors, PPC acts as a neutral entity facilitating the investment process. Through coordinated efforts with government and private sectors, PPC ensures foreign investors receive the support and confidence needed to invest in Phuket.

Phuket Privilege Card Company Limited was established to create a convenient, one-stop service center for foreign investors. This initiative aims to enhance investor confidence and encourage further investments in Phuket’s real estate and tourism sectors. For more information, visit Phuket Privilege Card.

Membership for the Privilege Card comes with a fee: 40,000 THB for Silver membership, 70,000 THB for Gold membership, and 100,000 THB for Platinum membership. Each tier offers different benefits and services as specified by the PCC.

Phuket Privilege Card Service Center: Vision and Mission

  • Advisory Services: Provide guidance on trade and investment opportunities in Phuket.
  • Priority Airport Services: Offer priority lane access, pick-up and drop-off, and lounge facilities at Phuket International Airport.
  • Information Updates: Distribute e-newsletters with updates on island activities.
  • Government Coordination: Offer strategic advice on negotiations and coordination with government agencies, state enterprises, and local organizations.
  • Relationship Building: Foster trustworthy cooperation through friendly relationship activities between the government, private sectors, and foreign investors.

The Benefits of Phuket Privilege Card

Government Sectors Assistance:

  • Licensing
  • Immigration
  • Customs
  • Land Department
  • Department of Commerce

Private Sectors Connectivity:

  • Business Consulting
  • Legal Advice
  • Networking

Benefits for Gold & Platinum Members:

  • Immigration Fast Track
  • Airport Lounge Access
  • Airport Transfer
  • Participation in Two Renowned Amateur Golf Tournaments in Phuket

Exclusive Benefits for Platinum Members:

  • VVIP Luncheon Dinner
  • Yacht Trip

The initiative aligns with the Chamber of Commerce's policy to support business people by creating alliances with investors and encouraging more investment in Phuket. The Privilege Card is expected to be a model for one-stop services that other provinces can adopt and build upon.

For more information, visit Phuket Privilege Card.

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