SMART VISA types: T,I,E,S,O

The SMART Visa is a new type of visa designed to attract highly skilled manpower and investors to help accelerate the development of the country’s targeted industries. SMART Visa is offered to foreign experts, executives, entrepreneurs and investors who wish to enter into the Kingdom of Thailand to work or to invest in the so called “13 S-Curve industries” or Thailand’s targeted industries:

  • Next-Generation Automotive
  • Smart Electronics
  • Affluent, Medical and Wellness Tourism
  • Agriculture and Biotechnology
  • Food for the Future
  • Automation and Robotics
  • Aviation and Logistics
  • Biofuels and Biochemicals
  • Digital
  • Lastly a Medical Hub

Eligibility

There are 5 types of SMART Visa, applicable to different categories of persons respectively:

  • SMART “T”: Highly skilled technical professionals
  • SMART “I”: Investors
  • SMART “E”: Senior executives
  • SMART “S”: Foreign startup entrepreneurs
  • SMART “O”: Spouse and children of holders of the other types of SMART Visa

A SMART Visa offers the following privileges (compared with the non-immigrant visa):

  • Longer term of stay: maximum 4 years for types T, I and E, and renewable for unlimited times, but not exceeding the remaining employment/service contract term; for type S, 1 year for the first term, and renewable for maximum 2 years for unlimited times
  • No work permit is required
  • Frequency for reporting to the Immigration Bureau is extended from every 90 days to every 1 year
  • No re-entry permit is required
  • Spouses and children are allowed to stay and work in Thailand without the work permit

Qualifications to be granted a SMART T

  • Science and technology experts
  • Salary ≥ 200,000 baht/month
  • Employment contract or service contract in Thailand with remaining validity term ≥ 1 year
  • As well as Employing companies being in the targeted industries

Other categories:  SMART I

  • Minimum direct investment of 20 million baht
  • Investing in companies using technology in manufacturing or delivering services and being in the targeted industries.

SMART E

  • High-level executives such as Chairman or Managing Director
  • Holder of Bachelor’s degrees or higher with work experience ≥ 10 years
  • Salary ≥ 200,000 baht/month
  • Employment contract or service contract in Thailand with remaining validity term ≥ 1 year
  • Finally the applicant can be Working for companies using technology in manufacturing or delivering services and being in the targeted industries

SMART S

  • Fixed deposit of ≥ 600,000 baht with the remaining maturity term ≥ 1 year
  • Health insurance
  • Participating in an endorsed incubation, accelerator program or a similar program/or obtaining joint venture with or being endorsed by a relevant Thai government agency
  • Must set up a company in the targeted industries in Thailand within 1 year with at least 25% ownership or being a board member.

Application Procedures

In Conclusion the procedures will take four steps:

    1. The applicant may submit application documents to the One Stop Service Center for Visa and Work Permit (OSS) in Bangkok or the local Royal Thai Embassy/Consulate General;
    2. OSS coordinates with other competent Thai government agencies to verify the qualifications;
    3. The BOI will issue an endorsement letter once the application is complete;
  1. Finally the applicant can use the endorsement letter to apply for the SMART Visa from OSS or the local Royal Thai Embassy/Consulate General.

Therefore, the entire process for the qualification endorsement will take 30 working days from OSS’s receipt of complete documents.

The applicant may convert a non-immigrant visa to a SMART Visa or renew a SMART Visa at OSS.  The conversion and renewal will follow the same requirements and procedures as those for the first-time application.