Author Topic: Cabinet gives green light to Smart Visa project  (Read 411 times)

0 Members and 1 Guest are viewing this topic.

Offline thaiga

Cabinet gives green light to Smart Visa project
« on: December 27, 2017, 11:51:12 PM »
Cabinet gives green light to Smart Visa project

The Cabinet has given the green light to the implementation of a Smart Visa project which was proposed by the Committee for Strategic National Administration.

According to Prime Minister’s Office Spokesperson Lt Gen Sansern Keawkamnerd, the project will be implemented to allow foreigners to apply for a visa electronically. The online system is expected to be operational in 8 months.

Foreigners are still required to apply for a visa in a traditional way for the time being at the One Stop Service Center for Visas and Work Permits. The implementation of the Smart Visa program is expected to begin in January next year.

Meanwhile, the Cabinet endorsed the extension of a tax scheme for startup businesses for another year because there were fewer participating companies than previously anticipated. Since the scheme began two years ago, only 92 startups have joined.

The aim of the tax program is to assist small and medium enterprises (SMEs) that are in the government’s 10 targeted industries.

To be eligible for the tax scheme, SMEs must have their qualifications checked by the National Science and Technology Development Agency.

The requirements are 1) annual sales revenue must not exceed 30 million baht, 2) 80% of income must not come from the sale of assets, and 3) registered capital must not exceed 5 million baht.

Anyone who goes to a psychiatrist should have his head examined.

Offline thaiga

New four year visa - the Smart Visa if your smart that is
« Reply #1 on: January 20, 2018, 12:31:24 AM »
Well at least they're going in the right direction

Smart Visa applications accepted after February 1

Starting February 1, eligible foreigners can apply for a new, four-year visa called the Smart Visa. The visa, itself, isn’t ‘smart’ or magically electronic but you’ll probably need to be smart to apply for it. Initially the digital nomads hoped it might help their lifestyle and allow them an easier way to remain in Thailand. The details don’t really support the new visa’s use for digital nomads.

The Smart Visa program will allow high-earning expats to hold a visa without needing to report to immigration every 90 days. The program received full endorsement and approval from the cabinetthis week. The idea behind the Smart Visa is “to increase knowledge transfer and skill development in desirable fields such as technology and medicine”.

Foreigners who meet the new visa’s requirements will be able to apply for them at Thai embassies in their home country. Alternatively, they’ll be able to apply at the One-Stop Service Centre for Visas and Work Permits in Bangkok.

Smart Visa holders must earn over 200,000 baht per month in specialised fields…

• automotive
• electronics
• medical tourism
• agritech (agricultural technology)
• food technology
• robotics
• aviation
• biochem
• digital technology
• medical services.

Smart Visa holders will only have to check in once a year rather than every 90 days. Smart Visas will be able to be extended for a full four years rather than a single year at a time. Applications will be received after February 1.
Anyone who goes to a psychiatrist should have his head examined.

Offline thaiga

Re: Cabinet gives green light to Smart Visa project
« Reply #2 on: January 26, 2018, 01:18:36 PM »
A bit more on the Smart visa but no mention of the price,does that indicate it will be outrageously expensive, not that would worry many on 200,000 bht a month, now can we please have something for the ordinary expat, the every day run of the mill guy, that's been here for some time bringing his pension in the country month after month, that amount of money must be worth something. maybe drop the 90 days, 180 would be better. thank you mr. kind visa man, wait to hear back from you.

Foreign talents encouraged to apply for newly-launched SMART Visa
Anyone who goes to a psychiatrist should have his head examined.

Offline thaiga

Re: Smart visa conditions revised for experts
« Reply #3 on: November 12, 2018, 04:33:02 PM »
Smart visa conditions revised for experts

The Board of Investment (BoI) is ready to announce new conditions and incentives for the smart visa for overseas experts in an attempt to transfer technology and know-how to the country's industrial sector and encourage foreign startups to move to Thailand.

The government introduced the smart visa programme in February, designed to encourage highly skilled professionals and talent to work and invest in targeted industries in the EEC.

Duangjai Asawachintachit, the BoI secretary-general, said the cabinet acknowledged and approved the revision of the smart visa last Tuesday.

The visa added three new categories, with the first for targeted industries, such as alternative dispute resolution, human resource development for science and technology, and renewable energy and environmental management.

The second category is to increase privileges and benefits for smart visa holders, with the cabinet ordering the Immigration Bureau to open a fast-track service for foreigners holding these visas at all international airports.

The third category is to decrease minimum monthly income to 100,000 baht for general experts and 50,000 baht for experts in local startups, while the monthly income from high professionals and executives stands at a minimum of 200,000 baht, though the BoI has changed this to include all income and bonuses.

In addition, the BoI is allowing startups to receive local venture capital and revising startups' minimum investment from 20 million baht per individual investor to co-investment for multiple investors, while new startups require a minimum investment of 5 million baht.

Ms Duangjai said the smart visa for startups will have three periods -- six months, one year and two years -- instead of a one-year period with two-year renewals.

As of September, there were 1,078 inquiries about the smart visa, but only 37 people applied for one. The government approved 28 smart visas for digital and automation/robotics.

The BoI had expected to approve 1,000 applications for the smart visa this year.

The smart visa lets overseas experts stay and work in Thailand for up to four years without a request to obtain a work permit from the Labour Ministry.
Anyone who goes to a psychiatrist should have his head examined.