Unable to import /Application/Views/Partials/Banners/Public/Visa.html File not found in /home/hg39oeryxzrx/public_html/Application/Views/Pages/Public

Thai SMART Visa

Thailand

At a glance

Duration

12 months

Non-extendable

14 month(s) delay

Price

$200.00

Tax rate

17%

Overview

The Thailand SMART visa is an ideal option for qualified individuals seeking entry into the Thai workforce. You may qualify for the SMART visa if you fall into one of the following categories:

  1. Highly skilled worker.
  2. Investor.
  3. Start-up entrepreneur.
  4. Executive.
  5. Dependent of a SMART visa holder.

The SMART visa is initially valid for a minimum of one year, with the possibility of extending it up to a maximum of four years. During this period, you are exempt from the work permit requirement. To maintain your SMART visa status, it is necessary to provide annual proof of a 10,000 Thai Baht payment. Should your SMART visa be approaching its expiration date, you have the option to apply for renewal up to 60 days in advance of the expiry date.

Benefits

What are the benefits?

  • Valid for 12 months

  • Tax rate is 17%

  • Is extendable

  • Diploma agnostic

  • Extends to your spouse and minor children

Requirements

The specific requirements for a SMART Thai visa may vary depending on the category under which you are applying (Highly Skilled Worker, Investor, Start-up Entrepreneur, Executive, or Dependent). However, here are some common requirements that applicants typically need to fulfill:

  1. Eligibility Criteria: You must meet the eligibility criteria of the specific SMART visa category you are applying for. These criteria may include educational qualifications, work experience, investment amounts, or executive roles in eligible businesses.
  1. Supporting Documents: Prepare and submit all necessary documents to support your application. These documents may include:
  • - Passport with a minimum validity of six months.
  • - Completed visa application form.
  • - Educational certificates and diplomas (if applicable).
  • - Employment contracts or job offers (for Highly Skilled Workers).
  • - Proof of investments (for Investors).
  • - Business plans and financial statements (for Start-up Entrepreneurs).
  • - Employment contracts, CV, and job descriptions (for Executives).
  • - Proof of family relationships (for Dependents).
  1. Letter of Support: Depending on your category, you may need a letter of support or endorsement from a relevant Thai government agency, industry association, or investment promotion agency. This organization will endorse your application.
  1. Health Insurance: Obtain health insurance coverage that meets the program's requirements. The coverage typically includes a minimum amount for medical expenses in Thailand.
  1. Criminal Record Check: Provide a criminal record check from your home country or any other countries where you have resided in recent years.
  1. Financial Requirements: Ensure you have the necessary financial means to support yourself and your dependents in Thailand. For example, you may need to maintain a minimum balance in a Thai bank account.
  1. Interview (if required): Some categories may require you to attend an interview as part of the application process. Be prepared to discuss your qualifications and intentions.
  1. Application Fee: Pay the required application fee, which can vary based on the category and location of application.
  1. Annual Fee: SMART visa holders are typically required to pay an annual fee of 10,000 Thai Baht to maintain their visa status.

It's crucial to check the specific requirements and guidelines for the SMART visa category you intend to apply for, as each category may have unique criteria and documentation requirements. Additionally, it's advisable to consult the official website of the Thailand SMART Visa program or contact the relevant authorities or supporting organizations for the most up-to-date information and guidance on the application process.

Taxes

If your stay in Thailand is under six months, there is no tax obligation. Furthermore, if you are employed by a foreign business while in Thailand, you are exempt from tax liabilities.

Conversely, if you obtain the Smart visa and extend your stay in Thailand beyond six months, you are obligated to file and pay taxes. If your income surpasses $140,000, you qualify for a reduced tax rate of 17% as opposed to the standard 35%.

Tax rate

47%

Who is it for?

The Thailand SMART visa is designed for individuals who fall into the following categories:

  1. Highly Skilled Workers: Professionals with specialized expertise and skills in targeted industries.
  1. Investors: Individuals who make significant investments in specific industries or projects in Thailand.
  1. Start-up Entrepreneurs: Those who establish and operate start-up businesses in designated technology and innovation sectors.
  1. Executives: High-level executives, managers, or experts who are part of eligible companies or organizations.
  1. Dependents: Family members of SMART visa holders.

Each category has specific eligibility criteria and requirements, and applicants must meet the criteria relevant to their intended category to apply for the SMART visa. Additionally, applicants should demonstrate their qualifications, experience, and contribution to Thailand's economy or technology and innovation sectors. It's advisable to check the latest guidelines and requirements on the official website of the Thailand SMART Visa program or consult with the relevant authorities for detailed information and updates.

The Thailand SMART Visa program is divided into the following categories:

SMART Visa “T” - for foreign Talents

SMART Visa “I” - for foreign Investors

SMART Visa “E” - for foreign Executives

SMART Visa “S” - for foreign technology-based startup Entrepreneurs

SMART Visa “O” - for family members (spouse and children) of primary SMART Visa holders in the above categories

Qualifications for SMART Visa “T”:

To be eligible for a Thailand SMART Visa T, you must meet the following criteria:

  1. You must be a highly-skilled professional working in one of the specified industries.
  2. Your expertise should be related to science and technology within the designated industries.
  3. You must have a minimum monthly income of 100,000 Thai Baht.
  4. If you're joining a startup or are a retired expert endorsed by a relevant agency, your monthly income should be at least 50,000 Thai Baht.
  5. You need to have a work or service contract with a minimum validity of 1 year.

Qualifications for SMART Visa “I”:

To qualify for a Thailand SMART Visa I, you need to fulfill these requirements:

  1. You must make a direct investment of at least 20 million Thai Baht in a technology-based business within one of the targeted industries in Thailand, either individually or through a venture capital company.
  2. Alternatively, invest a minimum of 5 million Thai Baht in a startup or an incubation/accelerator program in Thailand endorsed by relevant agencies.
  3. The business you invest in must be technology-based and operate in manufacturing or delivering services within the specified industries.

Qualifications for SMART Visa “E”:

To be eligible for a Thailand SMART Visa E, you should meet the following conditions:

  1. Hold a senior management position, such as Chairman or Managing Director, in a technology-based company within one of the targeted industries.
  2. Maintain a monthly income of at least 200,000 Thai Baht.
  3. Possess at least a Bachelor’s degree and have a minimum of 10 years of work experience in relevant fields.
  4. Have a work or service contract with a minimum validity of 1 year.

Qualifications for SMART Visa “S”:

To qualify for a Thailand SMART Visa S, you must fulfill the following requirements:

  1. Establish a startup company in Thailand within one of the targeted industries.
  2. Own at least 25% of the company's registered capital or hold a directorial position in the company.
  3. Maintain a deposit of at least 600,000 Thai Baht or its equivalent in a bank account in Thailand or your country of residence, held for at least 3 months.
  4. Hold health insurance covering your duration of stay in Thailand.

Qualifications for SMART Visa “O”:

To be eligible for a Thailand SMART Visa O, you need to be the spouse and/or dependent legitimate child (biological or adopted) of the primary SMART Visa holder.

What are the steps?

The process to apply for a Thai SMART visa can be somewhat complex, as it involves multiple steps and requirements. Here is a general overview of the application process:

  1. Determine Your Eligibility: First, identify the category of SMART visa for which you qualify—Highly Skilled Worker, Investor, Start-up Entrepreneur, Executive, or Dependent. Ensure you meet the specific eligibility criteria for that category.
  1. Prepare Necessary Documents: Gather all the required documents based on your chosen category. These documents may include educational certificates, business plans, investment details, employment contracts, and other supporting evidence.
  1. Choose a Supporting Organization: Depending on your category, you may need to secure a letter of endorsement or support from a relevant Thai government agency, industry association, or investment promotion agency. This supporting organization will assist in your application process.
  1. Submit Your Application: Submit your SMART visa application to the designated Thai government agency or embassy/consulate abroad. The application submission location and process may vary based on your category.
  1. Attend an Interview: In some cases, you may be required to attend an interview as part of the application process. This interview may assess your qualifications and intentions in more detail.
  1. Wait for Approval: The Thai authorities will review your application and supporting documents. The processing time can vary, but you should receive a response regarding the status of your application.
  1. Visa Issuance: If your SMART visa application is approved, you will be issued the visa. It will typically be valid for a minimum of one year and may be extended for up to four years.
  1. Maintain SMART Visa Status: To retain your SMART visa status, you must adhere to the visa conditions, including annual reporting and payment of a 10,000 Thai Baht fee.
  1. Renewal: You can apply for a renewal of your SMART visa 60 days before it expires, provided you continue to meet the eligibility criteria and conditions.

It's essential to consult the official website of the Thailand SMART Visa program or contact the relevant authorities or supporting organizations for detailed and up-to-date information on the application process, specific requirements, and any changes in the program. Additionally, you may consider seeking assistance from legal or immigration professionals to navigate the application process smoothly.

Timeline for approval

Here are the timeframes for processing a Thailand SMART Visa application:

  1. Initial online applications: Completed within 3 working days.
  2. Endorsement of your qualifications: Takes 30 working days.
  3. SMART visa application at an overseas mission/OSS/EEC: The duration varies depending on the specific office where you submit your application, typically ranging from 2 to 10 working days.

Days required

14

Consular services

Apply now