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BOI confident “SMART Visa” to support targeted industries and attract more experts, executives, and investors

The Thailand Board of Investment (BOI) is confident that the “SMART Visa” to be
launched on February 1, 2018 will encourage more investment in technology- and knowledgebased
industries, which have seen high growth rate in the past two years. The “SMART Visa”
will make it easier for expatriates, foreign experts and investors to work and invest in Thailand
long-term.
Ms. Duangjai Asawachintachit, BOI’s Secretary General, has expressed confidence
that the brand new visa category, SMART Visa, approved by the Cabinet on 16 January 2018
would support investment in the 10 targeted industries as well as in facilitating the country's
development towards its Thailand 4.0 goal.
“In attracting more foreign investment, in addition to investment promotion incentives,
facilitation to enhance convenience for investors to do business in Thailand is very important,”
Ms. Asawachintachit said. “In recent years, the Thai government has improved its services
and streamlined regulations, resulting in the improvement of the country’s ranking in the World
Bank’s Ease of Doing Business report from 46th to 26th
. The SMART Visa will be another
measure aimed at further facilitating investors in doing business in Thailand.”
The SMART Visa is a new visa category issued to foreigners working or investing in
technology-based production activities and services as well as in the 10 targeted (S-Curve)
industries: namely next-generation automotive; smart electronics; affluent medical and
wellness tourism; agricultural and biotechnology; food for the future; automation and robotics;
aerospace; biofuels and biochemical; digital economy and medical hub.

source : http://www.boi.go.th/upload/content/SMART_Visa_Revised24Jan_90620.pdf

 

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