The series was officially announced during the weekend of the 2007 Monaco Grand Prix. GP2 series organiser Bruno Michel commented that "It is of great importance that the GP2 Asia Series maintains a strong and viable link to Formula One. Our inclusion as the support races on the programme of Asian Grands Prix in 2008 is an essential key in this new venture".
In effort to promote motor racing in Asia, each team is encouraged to have at least one driver whose passport does not come from Western Europe or the Americas (North and South). For the avoidance of doubt, Turkey and Russia are not included in the list of "European" countries.
However, in the 2008 season, four of the thirteen teams opted to field two non-Asian drivers with the agreement that one of their two drivers would be a "ghost driver" and receive no prize money for competing in the series.
In 2011, it was announced that the GP2 Asia Series would be merged with the European series after the 2011 season.
Fastest lap: 1 point in each race. Driver recording fastest lap has to drive 90% of race laps. The driver must also start the race from his allocated grid position and finish in the top ten of the race to be eligible for the fastest lap point.
With this points system, the most number of points anyone can score in one round is 20 by claiming pole position, winning both races with the fastest lap in each race.