Launching of the Thailand FastPass Program to Accelerate Investment

Prime Minister and Minister of Interior Anutin Charnvirakul on 23 June 2026 presided over the launching ceremony of “Thailand FastPass” program at Government House to promote investment and ease of doing business.

The Prime Minister stated that, in today’s global business, speed is the ultimate differentiator. The Government is transitioning from a regulatory body to a proactive business facilitator. By removing regulatory hurdles, increasing speed, and ensuring policy transparency, Thailand is driving physical investments that will generate next-generation employment and secure its long-term regional competitiveness.

According to the Thailand Board of Investment (BOI), FastPass targets high-value sectors including advanced electronics, aerospace technology, precision machinery and automation systems, and recycled plastics.

At the ceremony, eight agencies signed a memorandum of understanding (MOU) for their cooperation in reducing approval and licensing timelines by 20 to 50 percent across key investment milestones, including factory permits, free-zone processing, environmental impact assessments, and power grid connections.

The eight agencies include (1) BOI, (2) the Office of Natural Resources and Environmental Policy and Planning, (3) the Office of the Energy Regulatory Commission, (4) the Customs Department, (5) the Department of Industrial Works, (6) the Industrial Estate Authority of Thailand, (7) the Metropolitan Electricity Authority, and (8) the Provincial Electricity Authority.

Deputy Prime Minister and Minister of Finance Ekniti Nitithanprapas said that the FastPass mechanism is designed to deliver immediate, concrete economic results in the short term, while laying down long-term structural benefits that will distribute wealth across Thailand’s broader economy. These 25 pilot projects from 23 companies are projected to generate over 13,000 high-skilled jobs. Combined with the 76 projects cleared under FastPass in the preceding phase, total investment mobilized by the program exceeds 700 billion baht.

At the ceremony, the Prime Minister also handed out certificates to the 23 companies, representing 25 initial projects granted FastPass status.

Source: PR Thai Government
https://thailand.prd.go.th/en/content/category/detail/id/48/iid/515664