Thailand has been making a series of innovative efforts in driving the long-term economy from technically skilled foreigners. The Smart Visa concept is aimed at streamlining experts, highly-skilled professionals, executives, entrepreneurs, and investors to live and work in the Kingdom of Thailand in an attempt to draw attention towards science and technology. Smart Visa holders will be granted a maximum of 4-year permission to stay, exemption from the work permit requirement and entitled to additional privileges.
The SMART Visa is formulated for companies (in one of 10 targeted sectors) to bring expensive foreign talent to work for them easily (T and E visa). It is designed to attract investors who also want to live in Thailand (I visa). And it’s designed for founders of startups who want to bootstrap, develop and grow their business in Thailand (S visa). Smart Visa is targeted for the following ‘10 S-Curve’ industries.
Foreigners wanting to avail the facilities of Thailand Smart Visa will first need to apply for a Qualification Endorsement. The SMART Visa Unit will verify the application for qualification, and then submit to the relevant government agency for endorsement. The government agencies involved in the endorsement process include the following: BOI, NSTDA, NIA, DEPA, NRCT, TISTR, MOFA, Immigration, and MOL.
*Please note that the Qualification Endorsement process takes approximately 30 working days.