EEC opens one-stop service system for investors

[webfact]

EEC opens one-stop service system for investors

 

   

BANGKOK (NNT) - In an attempt to attract more investors to Thailand’s Eastern Economic Corridor (EEC), the government has launched the EEC One-Stop Service (EEC-OSS) system to speed up the investment application process.

 

The EEC-OSS is an online system that operates around the clock and acts as a service center for investors seeking approval to do business in the EEC.

 

The Secretary-General of the EEC Office, Kanit Sangsubhan, said today that the EEC-OSS system was developed with the support of the Department of Public Works and Town and Country Planning, the Department of Industrial Works, the Department of Health, the Department of Business Development, the Department of Lands, the Immigration Bureau and the Office of the Public Sector Development Commission.

 

The new system has improved the service by reducing paperwork and simplifying procedures. The number of required licences and permits has dropped from 60 to 40. The online process has also reduced the application period to 70 days from the previous 150. The operating cost has also decreased.

 

"Speaking of the cost, the private sector can reduce it too because the online system connects with the database of other government agencies. Take the company registration as an example, they don’t have to submit the documents, physically.

 

The system will get the information and they don’t have to do much. But this is the first phase that we’re implementing. If you ask for 50%, you’ll get 50%. In the future, it should be faster than this."

 

 

-- © Copyright NNT 2019-10-10

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[Cadbury]

20 minutes ago, webfact said:

EEC opens one-stop service system for investors

If this is as good as it sounds then it may be of some benefit. And Somkid is now the official EEC sales Manager and out there ferreting around the globe for new investors.

Things are all go then with the one-stop shop! Only 40 licences and permits now instead of 60 and 2 and half months instead of 5 for the application period.

They make no mention of the final approval period, that could be years or even decades. HS trains for Thailand were first approved of by government in 2010 and now after almost 2 decades they still look like being half a century away. 

[mok199]

When the bottom has already fallen out , just easier for the rich and connected to clean up the scraps...

[observer90210]

The investors will loose all trust right on their arrival at Bangkok Airport, when the taxi driver will start to try to cheat them by not using the meter and arguing agressively.