Thailand s SMART Visa Program
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1 Thailand s SMART Visa Program January 24, 2018
2 Smart Visa to be launched on February 1, 2018 Smart Electronics Next-Gen Automotive Affluent, Medical & Wellness Tourism Biofuels & Biochemicals Automation & Robotics Taking Thailand to New Heights with Foreign Talents and Technology Food for the Future Agriculture & Biotech The Smart Visa Program is intended to attract experts, senior managers, and investors to work or invest in technology companies to help develop the 10 targeted industries which will, in turn, drive technology and innovation in Thailand. Aviation & Logistics Digital Medical Hub
3 Eligibility and Benefits of SMART Visa SMART T TALENT SMART I INVESTOR Eligibility Science and technology experts Salary 200,000 baht/month Employment contract with remaining validity of 1 year Employing companies being in the targeted industries Minimum direct investment of 20 million baht Investing in companies using technology in manufacturing or delivering services and being in the targeted industries Rights and Benefits Maximum 4-year visa, but not exceeding the employment contract term No work permit required for working in the endorsed companies 90-day reporting to the Immigration extended to 1 year Spouse and children granted permission to stay and work in Thailand with no work permit required Maximum 4-year visa No work permit required for working in the endorsed companies 90-day reporting to the Immigration extended to 1 year Spouse and children granted permission to stay in Thailand Spouse granted permission to work with no work permit required
4 Eligibility and Benefits of SMART Visa SMART E EXECUTIVE Eligibility Holder of Bachelor s degrees or higher with work experience 10 years Salary 200,000 baht/month Employment contract with remaining validity of 1 year High-levels executives Working for companies using technology in manufacturing or delivering services and being in the targeted industries Rights and Benefits Maximum 4-year visa, but not exceeding the employment contract term No work permit required for working in the endorsed companies 90-day reporting to the Immigration extended to 1 year Spouse and children granted permission to stay in Thailand Spouse granted permission to work with no work permit SMART S STARTUP Fixed deposit of 600,000 baht with the remaining maturity term of 1 year Health insurance Participating in an endorsed incubation, accelerator program or a similar program/or obtaining joint venture with or being endorsed by a relevant government agency Must set up a company in the targeted industries in Thailand within 1 year with at least 25% ownership or being a board member 1-year visa for the first time, renewable for <2-year if requirements are met No work permit required for working in the endorsed companies or projects 90-day reporting to the Immigration extended to 1 year Spouse and children granted permission to stay in Thailand Spouse granted permission to work with no work permit
5 SMART Visa Application Process Foreigners *Applications can be lodged at the Thai Embassies/Consulates which will then forward to the Smart Visa One-Stop Center for Visas and Work Permits. Apply for * Qualification endorsement BOI NSTDA NIA SMART Visa One-Stop Service Center for Visas and Work Permits Information check and qualification Endorsement process DEPA NRCT TISTR MFA Immigration MOL Embassies/ Consulates/ Immigration@One Stop Center for Visas and Work Permits Apply for visa Qualification endorsement notification Foreigners Immigration, MFA, Dept of Employment Qualification endorsement process takes up to 30 working days.
6 Relevant Technical Certifying/Endorsing Bodies Visa Type Smart T Qualifications/Status Being Highly skilled experts in the fields of science and technology. Certifying/Endorsing Agencies - In case the expert working for a private firm NSTDA/ NRCT/TISTR/ DEPA - In case the expert working for a government agency Employers being in the targeted industries. Sponsoring government agency Smart I Smart E Smart S - In case the expert working for a private firm NIA/DEPA - In case the expert working for a government agency Investing in companies using technology in manufacturing or delivering services and being in the targeted industries Working for companies using technology in manufacturing or delivering services and being in the targeted industries Participating in an Incubation or accelerator program or similar programs endorsed by a relevant government agency or Having a joint venture with or endorsed by a government agency (in case of not participating in an incubation or accelerator program) Companies that have been set up being in the targeted industry Sponsoring government agency NSTDA,/NIA/ DEPA NSTDA/NIA/ DEPA NIA, DEPA DEPA NIA, DEPA
7 Where to contact? SMART Visa Unit One-Stop Service Center for Visas and Work Permits 18th Floor, Chamchuri Square Building, 319 Phayathai Road, Pathumwan Bangkok ext Starting from 1 st February 2018
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