Cabinet declares adjustments to Thailand’s SMART visa

To speed up the development of the Thailand’s “target industries,” the Board of Investment provides a 4 year SMART visa to overseas traders, executives, entrepreneurs and highly-skilled consultants. Yesterday, Thailand’s Cabinet announced modifications to the SMART visa requirements and expanded the list of focused industries. The Cabinet didn’t specify when the adjustments would come into impact.
No nonsense are not required to acquire a work allow to legally work within the kingdom.
Since 2018, Thailand has offered a SMART visa for foreigners who wish to work or invest in the next industries…
Yesterday, Thailand’s Cabinet introduced the addition of the next industries…
A ‘Circular Economy’ is a model of manufacturing and consumption based mostly on sharing, reusing, repairing and recycling present materials for as long as possible. The examples of ‘Circular Economy’ industries listed by the Cabinet are certainly not exhaustible. If you’re unsure in case your trade suits the outline, contact Thailand’s Board of Investment through this contact kind.
The Cabinet introduced that buyers making use of for a SMART visa must make a direct funding of no much less than 20 million baht in a enterprise that uses expertise in their manufacturing course of or to supply providers.
How to Apply
“The applicants for SMART Visa must have qualifications according to the criteria specified by the workplace of the Board of Investment. Their qualifications might be verified by related companies. After technical and non-technical endorsements have been obtained, the SMART Visa unit will then proceed to concern a letter of qualification endorsement which the applicant will convey to the Royal Thai Embassies or Royal Consulates (in case of residing overseas) or the Immigration Bureau at the One Stop Center for Visas and Work Permits or EEC Labour Administration Center in Chonburi so as to file for SMART Visa.”
For extra particulars on the method to apply click on right here.

SOURCE: Workpoint Today

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