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Government of Thailand Launching Smart Visa

in World News by

Starting from February 1st, 2018, the government of Thailand will begin taking applications for the “Smart Visa.” It is developed to attract specialists from 10 sectors targeted by the Thai government. These industries are called the First S-Curve. Some of these include electronics, automotive, wellness tourism, and medical tourism.

Overall, the smart visa categorized into four departments. The First one is the scientific field, wherein the person needs to get a salary paying at least 200,000 baht a month. The person should have a contract with the employer for at least a year. Children and spouses of those who qualify can come along with them to Thailand. The second category is investors, who plan to invest at least 20 million baht in the mentioned targeted industries. The third category of people is investors in companies that help invest in targeted industries.

For the fourth category, you need at least minimum of 10 years of experience and a monthly salary no less than 200,000 baht. The category is open to company executives. Kobsak Pootrakool, a representative from the Thai Prime Minister’s office, said that the government doesn’t expect more than 1,000 people to apply for the smart visa. Therefore, it won’t affect the country’s local labor market.

Targeted Industries

The Thai government hopes that some foreign skills can enhance the Thailand economy. The ten targeted industries are robotics, food, biotechnology, agriculture, automotive, logistics, biofuels and biochemical, medical, digital, and tourism. To qualify for this visa, you don’t need to have a work permit. You should already be earning more than 200,000 baht monthly. The smart visa has a validity of four years.

Thailand isn’t a popular spot for Indian expats, but with innovative solutions like this, there is a possibility of them going there for work. Such program improves the economy of the country, and it adds international skills.

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