Asean fast-track lane to be set up ahead of AEC
As the launch of the Asean Economic Community (AEC) nears, the Business Development Department is planning to set up a fast-track lane to facilitate the registration of businesses by Asean investors.
Banyong Limprayoonwongse, the department’s director-general, said the fast-track lane should be set up within next year, adding that the department would also gather information about |operation and registration processes in other Asean countries to help Thai investors set up overseas.
Primarily, it will provide documents and business registration forms in both English and Thai, and might branch into other Asean languages in the future.
Banyong explained that once the AEC was set up, it would allow for the free-flow of trade, services and investment as |well as workers. Investment from Thailand to other Asean nations will also increase gradually.
According to the department, there are some 540 Asean enterprises in the country, accounting for 18 per cent of total foreign investors. Singapore is the biggest investor with 452 enterprises, followed by 66 companies from Malaysia, 10 from Indonesia, five from Vietnam, three from the Philippines, three from Laos and one from Cambodia.
