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Thailand Plans Overhaul of 7,000 Rules to Attract Foreign Investment

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Thailand's government is planning to review over 7,000 ministerial regulations, aiming for reforms to encourage foreign investment by reducing hurdles to business operations, according to a government statement released Monday.

Under the plan, numerous rules will be removed or revised to make investment in Thailand more attractive to multinational firms.

The government is looking to modify its role from the controller to the facilitator, spokesperson N. S. Ratchada Thanadirek said in the statement.

A digital system is also in the cards to help minimize redundant procedures, boost transparency, and reduce unnecessary discretion.

The government is also pursuing the idea of a Super License which would cover many activities and eliminate the need for multiple permits for varying activities.

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