History of The Investor Club Association
The Investor Club Association (IC) was established in 1993 as a center for both Thai and foreign investors and entrepreneurs to meet and exchange investment information, as well as offering services to facilitate investments, along with advisory and training.
Initially, the Investor Club issued the material release letter as well as stock balance adjustments by the Raw Materials Tracking System or RMTS, and the Machinery and equipment release letter or MCTS for promoted companies under the Board of Investment of the BOI, to facilitate, expedite, and reduce time and costs in processing.
IC also developed and introduced trainings and seminars for investors, entrepreneurs and other interested parties. Initially include proper BOI Procedures Required after Receiving Investment Promotion Approval and subsequently other courses, Customer Services, Organizational Management, Organizational Development, production management, Human Resources Development, etc.
In terms of the quality of its services the association has adopted the good governance, and transparency, which can be monitored and evaluated by applying the ISO Standard. For assurance of the quality of its services, the association has been certified with both the ISO 9002: 1994 and ISO 9001: 2008
Therefore, The IC continues to improve and expand quality of its services to Members in terms of range, timeliness and efficiency. This is evidence during the past 10 years in which the IC has made many improvements in its technology architecture, such as the Electronics Machine Tracking System (eMT) in 2005, and in 2008 channeling information through the Electronic Mail, introducing the fax server for the Import online, and RMTS data via the USB Port. Following that, further developed the material release and stock balance adjustments process through the faster and more convenient process referred to as the RMTS-2011 in 2012 and which can also interact and integrate with the Customs Department data base at each stage.
In 2013 the association improved its “machinery and equipment release letter” process, referred to as the Electronics Machine Tracking System or eMT online, to be fully integrated with the Customs Department as well as launching the eMT Counter Service to better service the clients.
With regards to online information service the IC initiated a new service called the “Investment Window” on its website as an additional channel to deliver updated news and beneficial information to investors.
Including opening a line of communications for questions and answers related to investment promotions in the form of the web-board FAQ 108 which can be accessed and shared as a forum on issues related to investment incentives and benefits for promoted companies, or information on the workings of the BOI and the Investor Club.
In addition, the Investor Club also gives opportunities and supports the education of needy children and youths to improve their knowledge and quality of life through various welfare and education related projects. This is to build a sense of community responsibility and sharing as a value for the youths. In 2013 the association launched the project “ Promotion of Quality of Life through Education” which focused on educational support for youths in Chiangmai, Tak, Phrachinburi, Karnchanaburi, and Krabi provinces with funding of Baht 1,000,000.
Today, the association continues to expand its services to more areas in Thailand through its 6 branch offices in 6 provinces, namely Chonburi, Nakhorn Rachasima, Khon Kaen, Chiengmai, Songkhla and Surat Thani, as well as one sub-branch at the Suwarnnaphoumi Airport to service its members and clients which currently numbers 1,500 and 6,000 respectively.