What is SMART Visa? What are the benefits of SMART Visa holders?
Foreign investor usually have many problems include applying the visa, applying a Work Permit that have several procedures and need to report every 90-day and some foreign investor who want to bring their family to stay in Thailand together must applying for visa for their dependent causing a lot of hassle and time-consuming. Currently, if you have a SMART Visa, everything becomes easier. If you want to bring your family to stay with you, you won't have to get a new visa and you can also return to your country an unlimited several times separately. Did you see that a SMART Visa offers many benefits and makes your life easier.
Foreigner who work or invest in Thailand for many years but they have to renewal a work permit every year and have to report every 90-day at the Immigration Bureau, would it be better if you change from Non-B Visa to Smart Visa to reduce the time of visa extension and a work permit as well as report 90-day. How do you know if you have qualified for a Smart Visa? If you interest in this visa, Wonderful Package have advice for you.
What is SMART Visa? What are the benefits??
SMART Visa is a type of visa specially designed to attract foreigners wishing to work or invest in the industries in the Kingdom of Thailand whether a highly skilled manpower, investors, executives, startups entrepreneurs, and their dependents. This target group is considered part of the 13 S-Curve industries or target industries of Thailand. This visa also has the advantage of reducing tax payments as well.
Who is qualify for a SMART Visa? And what are the qualification?
| Type |
For |
Position |
Qualifications |
|
1. SMART “I”
|
Investors
|
Chairman or Board member
|
1. Invest at least 20 million baht
and maintain investment throughout
the period of holding a Smart Visa
2. The business to be set up
or invested in must be certified
as the targeted industries by
government agency
3. Have a certificate of
establishment or acceptance of
investment by a government agency
|
| 2. SMART “S” |
Startup Entrepreneurs |
Company Owner |
1. Having a deposit of no less than
600,000 Baht in a bank account
in Thailand
2. Have a certificate of project
participation or joint investment by
government agency
3. Established a company
within 1 year after got a certificate
as the targeted industries by
government agency
4. In the case of being accompanied
by spouses and children,
an additional amount of deposit
of no less than 180,000 Baht
per person
5. Having health insurance
covering the entire period of stay
in Thailand for the applicant
as well as spouse and children.
|
| 3. SMART “E” |
Senior Executives |
Chairman or Managing Director |
1. Minimum income of no less than
200,000 Baht/month or equivalent
2. Having a Bachelor’s degree or above
3. Having at least 10 years of work
experience in the relevant fields
4. Having an employment contract
for at least 1 year
5. The employing companies
must be certified in the targeted
industries by a government agency
|
| 4. SMART “T” |
Talents |
Highly skilled professionals in
science and technology such as Application
Developer or Hardware Engineer
|
1. Minimum income of no less than
200,000 Baht/month or equivalent
2. Having a Bachelor’s degree or above
3. Having an employment contract
for at least 1 year
4. Have a certificate of expertise in
science and technology from a government
agency
5. The employing companies must be
certified in the targeted industries by
a government agency |
| 5. SMART “O” |
Spouse and
legitimate children
of SMART
Visa holders
|
-
|
-
|
What is the Targeted Industries or 13 S-Curve industries?
- Next Generation Automotive
- Affluent, Medical and Wellness Tourism
- Agriculture and Biotechnology
- Aviation and Logistics
- Biofuels and Biochemicals
- Digital
- Food for the Future
- Medical Hub
- Smart Electronics
- Automation and Robotics
- Alternative Dispute Resolution
- Human Resource Development in Science and Technology
- Environmental Management and Renewable Energy
How are the benefits for SMART Visa holders better than Non-B Visa holders?
The difference between SMART Visa and Non-B Visa
| Type of Visa |
Smart Visa |
Non-B visa |
|
1. 90-days reporting
|
1-year reporting at OSS |
90-days reporting near accommodation
|
| 2. Re-entry permit |
No re-entry permit required |
Must do a re-entry permit before leaving Thailand |
| 3. Maximum Renew Work Permit |
Maximum renewble 4-years visa |
Maximum renewble 1-year visa |
| 4. Work Permit |
No work permit required for working |
Work permit required for working |
5. Fast-track service at international
airports in Thailand |
Access to a fast-track |
Unaccess to a fast-track |
6. Spouse and children granted
permission to stay in Thailand |
Have a permission |
Do not have a permission |
| 7. The spouse granted permission to work |
No work permit required for working |
Work permit required for working |
If you have your own company or a highly skilled specialist in the 13 Targeted Industries, you can transfer your existing Non-B Visa to a SMART Visa.
If you have any questions or wanting to apply a SMART Visa, please contact Wonderful Package.
We have a team ready to give advice and services all the time.
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