Thailand will continue the Smart Visa program to attract talent

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Smart Visa holders can stay four years without a work visa. Thailand has established innovation-based growth projects. Next-generation autos, affluent, medical, and wellness tourism, agricultural and biotechnology, aviation and logistics, biofuels and biochemicals, digital, medical hub, smart electronics, food for the future, automation, robots, and alternative dispute resolution are targeted. Top digital companies may invest more, said Danucha. Thailand is seeking to recruit wealthy foreigners and professionals. The new industries include national defense, those that support the circular economy, aviation and aerospace, technological innovation and startup ecosystem management, focused technology development, and international business hubs. Non-Thais can stay 10 years with the new LTR visa. Foreigners can receive a Smart Visa to work in Thailand’s 13 S-curve industries. Foreign direct investment (FDI) is rising, said Danucha Pichayanon, secretary-general of the National Economic and Social Development Council. 2023 elections and a global recession are Mr. Danucha’s top concerns. BYD’s massive investment in Thailand shows that FDI is likely to continue, according to the state planning director. The cabinet expanded Smart Visa to 18 industries on Tuesday. To attract business owners, executives, and talented people to Thailand for job or investments. The government launched the Smart Visa program to attract tech employees, executives, investors, and startups. The purpose was to recruit and develop S-curve technologies. 2018-02-01 program begins. The visa offers tax and non-tax benefits to attract international residents, technology, and labor.