18 Jan 2018
THAILAND: Four-Year Visas on Offer for Overseas Investors and Professionals in 10 Hi-Tech Sectors
Foreign investors/professionals in 10 high-tech sectors of Thailand are set to be eligible for new four-year SMART Visas, which will entitle the holders to work in the country without the need for any additional documentation. In most instances, their dependents will also be permitted to live and work in the country.
Financiers considering applying for the scheme must demonstrate that they have invested a minimum of Baht 20 million (US$625,000) in one of 10 designated high-tech sectors (listed below). Applicants who have invested in a business that has in turn invested in one of the priority sectors will also be considered. In the case of employees, they must be in receipt of a minimum monthly salary of Baht 200,000 and have a minimum of either a one-year employment contract or 10 years of relevant work experience.
The 10 designated sectors are: smart electronics; next-generation cars; digital services; high-end medical and wellness tourism; agriculture and biotechnology; forward-looking and innovative food products; industrial robotics; logistics and aviation; biofuels/biochemicals; and the provision of medical services.