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  • Thailand : Smart Visa's

    Investors greet move to grant 4-year visas
    WICHIT CHAITRONG
    August 20, 2017

    FOREIGN investors have welcomed the extension of their visas to a four-year term, but say the move is too little and have urged the government to speed up implementation of an online one-stop service.
    http://thailandchatter.com/showthrea...ll=1#post45112

  • #2
    Smart Visas to start next month offering 4-year stays

    Smart Visas to start next month offering 4-year stays
    PATPON SABPAITOON
    17 Jan 2018


    The government is introducing a four-year visa next month for professionals called a "Smart Visa" to attract foreign experts and high-level executives to work in the country, the cabinet announced yesterday.

    It will allow the bearer and their dependents to stay in Thailand without having to report to Thai immigration every 90 days. If certain conditions are met they will not require a work permit.

    The purpose is to lure skilled workers who can contribute to 10 focused industries so they can help realise the government's goal of an innovation- and technology-led economic upgrade to "Thailand 4.0", Minister of the PM's Office Kobsak Pootrakool said after yesterday's cabinet meeting.

    The visa will be divided into four categories -- T for Talent, I for Investors, E for executives and S for startups.

    While the first three categories offer four-year stays, entrepreneurs holding the S Smart Visa will be granted an initial one-year term that can later be extended.

    Those who are eligible for the new visa scheme include applicants working in the science and technology field, investors, high-level executives and startup entrepreneurs in a list of 10 industries.

    Mr Kobsak said Thais should not fret about losing their jobs to foreigners as 39 professions will be excluded from the visa applicants.

    About 1,000 people are expected to apply for the Smart Visas each year, according to an estimate by the Board of Investment (BOI).

    Before the applicants can put in a request for the visa at a Thai consulate or embassy their application must be approved by the BOI, the Digital Economy Promotion Agency, the Ministry of Foreign Affairs and other agencies.

    This process is expected to take around 30 days, Mr Kobsak said.

    Applications will open on Feb 1, he added.

    The cabinet also approved yesterday a motion to extend the deadline by which migrant workers must have their nationalities verified from March until the end of June.

    Thailand has been cracking down on illegally hired migrant workers in recent months to ensure their human rights are not violated and their working visas are all in order.

    bangkokpost.com
    http://thailandchatter.com/showthrea...ll=1#post45112

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    • #3

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      • #4
        'foreign experts and high-level executives' They can't be up to much if they want to come and work here

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        • #5
          Smart visas eyed to draw entrepreneurs

          https://www.bangkokpost.com/business...-entrepreneurs

          The government has set an ambitious goal of Thailand becoming a global startup destination, expecting some 105 billion baht in funding to flow into the startup segment this year. Smart visas are expected to be a key attraction for foreign investors and talent entering the country, with a projection of at least 1,000 smart visas to be approved this year. The majority of startup funding and activities supported by the government is being sourced by a budget of 130 million baht allocated to the National Innovation Agency (NIA). Krithpaka Boonfueng, NIA deputy director for innovation system, said the government aims to make Thailand a global startup destination this year, attracting foreign startups and global investors with easy access to funding and tax incentives.

          To remove the hurdle of scarce talent and foreign investment concerns, the government introduced the smart visa policy designed to attract highly skilled manpower and investors and accelerate the development of targeted industries in the country. The smart visa is being offered to foreign experts, executives, entrepreneurs and investors who wish to enter Thailand to work or invest in the 10 S-curve industries. There are four types of smart visa:
          • Smart T (talent) is for highly skilled professionals in the fields of science and technology wishing to work in the targeted industries.
          • Smart I (investors) is for companies using technologies in manufacturing or delivery services in the targeted industries with a minimum investment of 20 million baht.
          • Smart E (executive) is for individuals who work in the companies using technology in manufacturing or delivering services and are in the targeted industries with a minimum salary of 200,000 baht.
          • Smart S (startup) is for foreign startup entrepreneurs who wish to invest in targeted industries in Thailand and will receive a one-year visa initially and two-year renewals if requirements are met.


          The NIA is one of five state agencies that are certified to audit qualified applicants for the Board of Investment (BoI). Ms Krithpaka foresees firms in software and digital, automotive, medical equipment, agricultural food tech and bioeconomy as the top fields to draw investment and smart visa applications. The NIA has appointed True Incube, a local accelerator under True Corporation, as the first private firm to be a certified body to audit foreign startups for the smart visa. Chokedee Kaewsang, BoI deputy secretary-general, said there have been 460 applicants since the smart visa policy was introduced in February, with 160 qualifying. "The smart visa requires one month to be processed," he said. "We hope to attract 1,000 smart visas this year, of which hundreds will hopefully be startups."

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          • #6
            Rip off.

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