Thailand Pushes Trust Framework to Attract Global Wealth

Thailand private trust reforms are being proposed to attract up to THB1tr (USD27bn) in global wealth within two years.

The Association of Investment Management Companies said the framework is designed to position Thailand as a regional asset management hub, drawing inspiration from Singapore’s model while adapting it locally.

Private trusts are widely used by high-net-worth individuals, family offices and institutions for cross-border investment, succession planning and asset protection.

The proposal includes tax incentives comparable to Singapore’s, with foreign investors required to allocate at least 10% of assets to Thailand’s capital markets.

The initiative reflects growing competition among regional centres to capture global wealth flows.