Banyong Limprayoonwong, director-general of
the Business Development Department, said the agency is preparing to give a
facelift to services for foreign investors.
A new Asean Fast Track Lane will streamline
the process of investing in Thailand, he said.
"The department is now looking at
investment regulations in the other nine Asean countries to see how our
procedures can be overhauled to accommodate and streamline their investment in
Thailand," he said.
The Asean Fast Track Lane could include
bilingual investment information in Thai and English on, for example, the
Foreign Business Act and related regulations and guidelines for establishing
juristic persons.
Information will be closely linked to that of
the Board of Investment.
Immediate foreign business certification can
be granted by the department, said Mr Banyong.
Department statistics show foreign investment
from Asean nations between March 3, 2000 and Sept 30, 2012 totalled 540
projects, led by Singapore with 452.
Singaporean investments were mostly in the
service, hotel, representative office, retail and wholesale, construction and
engineering, consulting, accounting and law, and food and beverage sectors.
Malaysia came in second with 66 projects,
mostly in the service, representative office, construction and engineering,
accounting and law, and wood processing and furniture sectors.
Indonesia accounted for 10 projects, followed
by the Philippines (3), Vietnam (5), Laos (3) and Cambodia (1).
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