You have probably heard about the new Smart Visa Programme. With the Smart Visa Programme, Thailand hopes to attract more experts, senior managers, and investors in Technology companies to help develop ten targeted industries.
Thailand has been making a series of efforts to drive the economy through innovation. The Thai Government has taken another step to attract talents and technologies with a view to further developing its targeted industries or the so-called S-Curve industries. In addition, the Smart Visa programme has then been designed to enhance Thailand’s attractiveness in drawing science and technology experts, senior executives, investors, and startups. The programme was launched on February 1, 2018.
Moreover, 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. It is offered to foreign experts, executives, entrepreneurs, and investors who wish to enter the Kingdom of Thailand to work or invest in the following “13 S-Curve industries” or the country’s targeted industries.
The Office of the Board of Investment or “BOI” was established in 1966 in accordance with the provisions of the Industrial Promotion Act. Their core mission is to promote investment by offering both tax-based and non-tax-based incentives. In addition, their mission also includes providing support to Thai investors looking to invest abroad. For the last 50 years, the BOI has been the main public agency promoting business investment in Thailand, both domestically and internationally. Their objectives are to increase Thai competitiveness and to help Thailand avoid falling into the middle income trap, by helping to deliver balanced and sustainable economic growth in the country.
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