The Thai government has improved requirements and conditions for the Smart Visa in order to provide greater convenience for foreign investors and experts
The minimum monthly income for highly-skilled experts has also been changed to 100,000 baht and to 50,000 baht for experts in startups and retired experts
The Thai government has improved requirements and conditions for the Smart Visa in order to provide greater convenience for foreign investors and experts in targeted industries who are either already working or seeking to work in Thailand.
Ms. Duangjai Asawachintachit, Secretary General to the Thailand’s Board of Investment (BOI), said that the Cabinet meeting on 6 November agreed to improve the qualifications, criteria and incentives for the Smart Visa, a special visa issued to highly-skilled experts, investors, senior executives and startup entrepreneurs working in targeted industries.
The objective of the Smart Visa is to support technology and know-how transfer to Thais, which will drive industrial development and transformation in the country.
Smart Visa conditions have been adjusted in three areas:
1) the number of eligible activities; 2) benefits for Smart Visa holders; and 3) qualifications and conditions for applicants.
The list of eligible activities has been extended to include services in alternative dispute resolution, science and technology-based human resource development, and environment and alternative energy management.
In terms of benefits for Smart Visa holders, the Immigration Office will allow Smart Visa holders to use fast-track services at all international airports, including fast lane access.
Conditions for Smart Visa applications have also been relaxed in many areas.
For example, the government has changed the income condition for highly-skilled experts and senior executives from a monthly salary of no less than 200,000 baht to a monthly income that also covers bonuses and other incomes.
The minimum monthly income for highly-skilled experts has also been changed to 100,000 baht and to 50,000 baht for experts in startups and retired experts. The adjustments are aimed at increasing the country’s competitiveness and ability to attract more specialists.
Similarly, the government has improved various conditions in increasing access to capital for startups and strengthening venture capitalists. For example, investments can now be made through venture capital companies.
Article Brought to you by: https://88property.com
Source: Thailand Business News
WhatsApp us