Smart S - Established Startup

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Thailand

About

Requirements

Cost of Living

Expats

Talent Migration

About

Smart S (startup): Technology-based startup entrepreneurs in the targeted industries

Application for 2-year visa: Foreigners who have already established a certified startup company in Thailand.

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Duration

2 years

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Fees

298

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Processing time

30 days Month(s)

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COMPLEXITY

Medium

What are eligibility requirements for the Smart S - Established Startup?

5 Eligibility Requirements

Having established a startup company in Thailand, certified as being the ones in the targeted industries by relevant government agencies such as the National Innovation Agency (Public Organization) and Digital Economy Promotion Agency.
Holding no less than 25% of the company’s registered capital or a position of a director of the abovementioned company.
Having a deposit of no less than 600,000 Baht or equivalent in a bank account in Thailand or in the country of his/her nationality or residence, which has been held for at least 3 months.
In the case of being accompanied by spouses and children, an additional amount of deposit of no less than 180,000 Baht per person or equivalent is required in a bank account in Thailand or in the country of his/her nationality or residence, which has been held for at least 3 months.
Having health insurance covering the entire period of stay in Thailand for the applicant as well as spouse and children.

Which documents do I need to apply for the Smart S - Established Startup?

9 Document Required

Completed application form of qualification endorsement for smart visa “S”.
Copy of valid passport.
Financial evidence showing a deposit of no less than 600,000 Baht or equivalent in a bank account in Thailand oroverseas which has been held for at least 3 months. (*In the case of being accompanied by spouses and children, an additional amount of deposit of no less than 180,000 Baht per person or equivalent is required in a bank account in Thailand or in the country of his/her nationality or residence, which has been held for at least 3 months).
Medical certificate issued from the country of which the applicant is a national or a permanent resident 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 (not more than 3 months old).
Health insurance policy covering entire course of stay in Thailand (*Submission of this document can be done separately at a later date before a notification letter is issued).
Pitch deck and business plan required.
Shareholder list (not more than 3 months old) or/and transfer slip.
Company profile, company annual report, brochures or catalogues.
A letter of verification issued from the country of his or her nationality or residence stating that the applicant has no criminal record, certificate of incorporation, memorandum of association in Thailand, may be requested on a case-by-case basis.

Talent Migration data for Thailand

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

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