Smart Visa to Thailand: Getting a Smart Visa in 2024

The Smart Visa in Thailand was introduced in 2018 and designed to attract talented professionals, startups, and investors to key economic sectors. It offers highly qualified foreigners the opportunity to work and develop projects in the Kingdom without the need for annual visa renewals. The main distinction of the Smart Visa from other residency permits is its focus on developing innovative sectors such as biotechnology, aviation, electronics, and others. These long-term visas are created to facilitate the process of attracting specialists and investors who can contribute to the country's economy and the growth of high technology.

The Smart Visa in Thailand is intended for several categories of individuals. Among them are four main groups: highly skilled professionals, entrepreneurs, startup founders, and investors. The primary requirements for obtaining it depend on the applicant's category. For instance, highly skilled professionals must have significant experience and proven achievements in their field, while investors are required to invest at least 20 million baht in the country's economy. It is important that all visa categories are aimed at working in targeted economic sectors such as robotics, agritech, medicine, and fintech.

After the COVID-19 pandemic, interest in the Smart Visa significantly decreased as it was largely replaced by the Long-Term Resident (LTR) visa, which became more desirable for foreign specialists. The LTR visa offers more flexible conditions and reduced income and investment requirements, attracting the attention of many potential applicants. Nevertheless, obtaining a Smart Visa in Thailand remains relevant for those who meet the stricter criteria and plan to work specifically in innovative sectors.

To apply for a Smart Visa, one must meet minimum income requirements. For example, highly skilled professionals should have a monthly income of at least 100,000 baht, while startup founders need a monthly income of 50,000 baht. A key feature of the Smart Visa is the ability to move freely within the country and participate in investment projects without needing separate work permits. Although the LTR visa currently garners more attention, the Smart Visa is still issued and remains an excellent choice for those planning to invest in Thailand and develop innovative startups.