SMART VISA FOR INVESTORS (I)

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Thailand
About
Requirements
Cost of Living
Expats
Talent Migration

About

The Royal Thai Government has introduced step to attract talents and technologies with a view to further develop its targeted industries or the so called S-Curve industries. The SMART Visa program has then been designed to enhance Thailand’s attractiveness in drawing science and technology experts, senior executives, investors and startups.

The SMART Visa is a new type of visa specially designed to encourage highly-skilled professionals and talents to work or invest in the 10 targeted S-Curve industries, namely

(1) next-generation automotive,

(2) smart electronics,

(3) affluent, medical and wellness tourism,

(4) agriculture and biotechnology,

(5) food for the future,

(6) Automation and robotics,

(7) aviation and logistics,

(8) biofuels and biochemicals,

(9) digital,

(10) medical hub.

Benefits

The SMART Visa provides more benefits and privileges than any other types of visa. These benefits include:

(1) Visa validity up to 4 years (instead of the usual 1 year)

(2) No requirement of work permit

(3) Extension of reporting of stay to Immigration Bureau – from every 90-day to every year

(4) The right of legal dependents (spouse and children) of the SMART Visa holder to live and work in Thailand equivalent to SMART visa holder (only SMART T type allows dependents of SMART Visa holder to work in Thailand)

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Duration

48 Month(s)

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Citizenship

60 Month(s)

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Fees

370

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P. Residency

36 Month(s)

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Processing time

8-10 Week(s)

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COMPLEXITY

Low

What are eligibility requirements for the SMART VISA FOR INVESTORS (I) ?

5 Eligibility Requirements

  • Applicant must invest not less than 20 million Baht
  • Applicant must invest in technology-based companies in targeted industries
  • Applicant must have clean criminal record
  • Applicant must be in good health
  • Applicant must have valid travel documents

Which documents do I need to apply for the SMART VISA FOR INVESTORS (I) ?

10 Document Required

  • Completed APPLICATION FORM FOR QUALIFICATION ENDORSEMENT FOR SMART VISA "I"
  • Copy of currently valid passport
  • Criminal record certificate, not than 3 months old, issued by the country of which the applicant is a national and a permanent resident
  • Medical certificate issued from the county of which the applicant is a national or a permanenresident or where the application is submitted, showing no prohibited diseases (Leprosy, Tuberculosis, drug addiction, Elephantiasis, third phase of Syphilis) as indicated in the Ministerial Regulation No. 14 B.E. 2535
  • Police clearance certificate from the county of which the applicant is a national or from the Royal Thai Police in case that the applicant stays in Thailand
  • Copy of certificate of incorporation, memorandum of association and company registration certificate in Thailand (not more than 3 months old)
  • Company's annual report, brochures and catalogs (if any)
  • Copy of shareholder list (not more than 3 months old) or other evidence showing individual investment of not less than 20 million Baht
  • Copy of latest audited corporate's annual financial statement
  • Power of attorney if the application submitted by representative

Cost of living

Avarage cost of living in Thailand

1. Grocery

ItemsUnited StatesThailandComparison
Apples (1KG)2.2 - 6.61 USD1.73 - 4 USD35% less
Cheese (1KG)6.61 - 16.53 USD7.19 - 28.75 USD55% more
Bread (500g)1.53 - 3.41 USD0.78 - 1.73 USD50% less
Banana (1KG)1.08 - 2.2 USD0.72 - 1.73 USD26% less
Pack of Marlboro5.45 - 8.69 USD2.5 - 3.59 USD57% less
Eggs (12)1.75 - 3.99 USD1.15 - 2.01 USD45% less
Bottle of Wine9 - 16 USD8.63 - 22.97 USD26% more
Onions (1KG)1.52 - 4.41 USD0.72 - 1.44 USD64% less
Chicken Breast (1KG) 4.41 - 14.31 USD2.01 - 4.03 USD68% less
Milk0.65 - 1.12 USD1.15 - 2.59 USD111% more

2. Restaurant

ItemsUnited StatesThailandComparison
Beer Imported (0.33L Bottle)4 - 7 USD1.96 - 4.31 USD44% less
Beer Local (0.5L Draught)3 - 5 USD1.41 - 2.44 USD52% less
Cappucino3 - 5 USD1.09 - 2.88 USD51% less
Meal for 2 at mid-restaurant35 - 70 USD11.5 - 28.75 USD62% less
Meal at inexpensive restaurant10 - 20 USD1.15 - 2.88 USD87% less
McDonald Combo Meal6 - 8 USD4.03 - 5.75 USD31% less

3. Transportation

ItemsUnited StatesThailandComparison
One-way Ticket (Public)1.5 - 2.75 USD0.29 - 1.15 USD67% less
Gasoline (1LTR)0.53 - 0.76 USD0.69 - 0.95 USD27% more
Taxi (1KM)1.24 - 2.49 USD0.16 - 0.54 USD82% less

4. Rent

ItemsUnited StatesThailandComparison
1 Bedroom City Centre650 - 2000 USD172.51 - 575.04 USD72% less
1 Bedroom Outside City550 - 1500 USD100.63 - 345.03 USD79% less
Internet (Cable/ADSL)35 - 80 USD12.94 - 22.97 USD69% less

5. Leisure and Shopping

ItemsUnited StatesThailandComparison
Summer Dress (Zara,H&M)20 - 50 USD17.25 - 48.88 USD6% less
Cinema Ticket (one)9 - 13.5 USD4.31 - 6.33 USD53% less

24.8K People moved to Thailand from United States by 1990 - 2019

Other top ten expats in Thailand listed below

RankCountryMaleFemaleTotal
#1Myanmar3.6M4.2M7.8M
#2Laos2.1M1.7M3.9M
#3Cambodia1.4M1.2M2.7M
#4China90K164.4K254.5K
#5Nepal42.3K34.3K76.6K
#6Vietnam34.8K32.9K67.6K
#7Sri Lanka25.4K26.2K51.6K
#8Japan23K38.9K61.8K
#9India22.9K30K53K
#10New Zealand7.9K6.5K14.3K
#11Pakistan7K8.2K15.3K
#12United States7K17.7K24.8K
#13Philippines5K3.8K8.8K
#14Bangladesh4K5.6K9.6K
#15Australia3K5.8K8.8K

Talent Migration data for Thailand

Talent gain & drain map of 2015-2019 data. Sourced from World Bank Digital Development Data.

Disclaimer: Visadb.io is a FREE visa database and Immigration Expert Marketplace. The information displayed in this page is not legal advice. Please speak to an Expert before applying.

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