The Prime Minister launched “Thailand FastPass,” joining eight government agencies to unlock bureaucracy and reduce approval steps by 50%, aiming to push actual investment funds beyond 700 billion baht in total.
On 23 Jun 2026 at the Santi Maitri Building (Outer Wing), Government House, Prime Minister and Minister of Interior Anutin Charnvirakul chaired the opening ceremony of the “Thailand FastPass” project to accelerate and facilitate investment concretely. Cabinet members and senior executives attended together. The Prime Minister noted that global economic competition has fundamentally changed, with “speed” now a critical factor, as investors in future industries focus not only on market size, costs, or labor but emphasize a country’s ability to make decisions and quickly realize business opportunities.
The Prime Minister added that in an era where technology and capital can cross borders within days, bureaucratic delays are unacceptable costs and lost opportunities. Every day a project waits means jobs not created and economic circulation lost to competing countries. The government aims to shift the public sector’s role from merely a regulator to a facilitator based on trust, enabling efficient work that truly meets all stakeholders’ needs.
Under the Thailand FastPass project to improve Ease of Doing Business, approval steps and timelines will be cut by 20-50%. The system will rely on trust combined with retrospective audits. If entrepreneurs can confirm correct engineering design, labor standards compliance, and environmental management according to law, the government will allow immediate purchase of machinery and start of construction, bypassing the previously lengthy paperwork process which could take up to nine months. Afterwards, the government will conduct random post-audits every 5-10 months; any violations will result in strict legal consequences.
The Prime Minister also stated this mechanism is a key long-term step to prepare Thailand to meet the standards of the Organisation for Economic Co-operation and Development (OECD), focusing on public sector efficiency, regulatory quality, transparency, and good governance.
On this occasion, the Prime Minister congratulated 23 leading global companies selected to receive Thailand FastPass rights in the first batch. These investments reflect confidence in Thailand’s economic potential and future. The government targets that this mechanism will unlock and drive real investment funds of up to 700 billion baht into the Thai economy during 2026-2027. The government also reaffirmed its readiness to support all related factors, including investment in human resources, infrastructure, logistics, as well as clean energy security and necessary resources, to ensure Thailand remains a high-tech investment hub in ASEAN and globally.