Four year smart visas for top earning expats to launch next month

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buksida
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Four year smart visas for top earning expats to launch next month

Post by buksida » Thu Dec 28, 2017 2:55 pm

Expert expats with high salaries can apply for four-year professional visas starting in mid-January.

That’s when a long-awaited program offering visas that can be extended by four years at a time will be made available to foreigners earning 200,000 baht per month and up.

“More than any other type of visa, the Smart Visa will give the most benefits and privileges,” said Lt. Col. Thanarak Boonyaratkarin of the Immigration Bureau Police. “You will be able to stay for a long time and bring your family over.”

Starting in January, foreigners who meet the Smart Visa’s requirements can apply for them at Thai Embassies in their respective countries or the One-Stop Service Center for Visas and Work Permits at Chamchuri Square in Bangkok.

To be eligible for the Smart Visa, a foreigner must earn more than 200,000 baht a month in specialized industries such as tech, robotics, health care and more. The goal, Thanarak said, is to attract entrepreneurs and experts with technical know-how to stay in Thailand longer.

Instead of checking in with immigration every 90 days, Smart Visa holders only need to check in annually. They also are not required to obtain a work permit, according to a government website.

Smart Visa holders can be investors or entrepreneurs in said specialized industries to qualify for visas of two to four years, depending on their field.

Investors must have their investments approved by the Thailand Board of Investment.

The specialized fields are 10 fields identified by the government in its technology push under the so-called Thailand 4.0 initiative. Five are existing industries: automotives, electronics, medical tourism, agritech and food technology.

Looking toward the future, the other five industries are robotics, aviation and logistics, biochem, digital technology and medical services, equipment and pharmaceuticals.

The Smart Visa plan was first proposed in March 2016 by an umbrella federation of trade groups to attract investment and foreign talent.

Instead of one-year extensions, Smart Visa holders will be eligible for four-year periods. Spouses and children of the visa holder also automatically get four-year extensions. There is no age restriction for the Smart Visa.

There are plans to allow online application for the visa later in 2018, according to a report in state media citing government spokesman Sansern Keawkamnerd.

But nothing’s set in stone, Thanarak said, because they would need to find a way for applicants to submit proof of eligibility.

Source: http://www.khaosodenglish.com/news/busi ... ext-month/
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Re: Four year smart visas for top earning expats to launch next month

Post by buksida » Wed Jan 17, 2018 4:12 pm

4-YEAR ‘SMART VISAS’ AVAILABLE STARTING FEB. 1
Starting Feb. 1, eligible foreigners in Thailand can apply for new, four-year visas, officials said Wednesday.

The long-awaited Smart Visa program, which will allow high-earning expats to maintain professional visas without needing to report to immigration every 90 days, received formal approval from the interim cabinet Tuesday. It’s intended to increase knowledge transfer and skill development in desirable fields such as technology and medicine.

“Smart Visas will be an important factor in pushing the country toward Thailand 4.0,”

Duangjai Asawachintachit, secretary-general of the Board of Investment, said Wednesday.

Foreigners who meet the visa’s requirements can apply for them at Thai embassies in their respective countries or the One-Stop Service Center for Visas and Work Permits at Chamchuri Square in Bangkok.

Smart Visa holders must earn over 200,000 baht a month in specialized fields including automotives, electronics, medical tourism, agritech, food technology, robotics, aviation, biochem, digital technology and medical services.

They only need to check in annually rather than every 90 days and Smart Visas can be extended for four years rather than a single year at a time.

An aide who answered the phone for Deputy Commander Maj. Gen. Itthipol Ithisaranachai of the Immigration Police said Wednesday that eligible foreign residents could file their applications at the start of next month.

http://www.khaosodenglish.com/featured/ ... ing-feb-1/
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Re: Four year smart visas for top earning expats to launch next month

Post by fft100 » Wed Jan 17, 2018 5:57 pm

ha ha.

Presumably, these high earners will be liable to Thai tax if they stay here more than 6 month of the year, and this is an easy way to find them as they will tell the authorities how much they earn and where they live. That would be 'Smart' !

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Re: Four year smart visas for top earning expats to launch next month

Post by laser » Mon Feb 12, 2018 3:34 pm

Clearly, the Smart visas are targeting a very small group, and worth to go for. Only that have an effective deal breaker for small private companies, just like the O-X visa for retirees.

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