Smart S - Accelerator/Incubator Program

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Thailand
About
Requirements
Cost of Living
Expats

About

Smart Visa is a new type of visa specially designed to attract highly skilled manpower, investors, executives and startups entrepreneurs wishing to work or invest in the following targeted industries in the Kingdom of Thailand. Application for 1-year visa: Foreigners who have attended an incubation or accelerator program or any other similar program in the targeted industries or received joint venture funding from the public sector or endorsed by relevant government agencies. Privileges: 1. Maximum 1-year visa, renewable for a term of up to 2 years if requirements are met (The applicant must be a shareholder owning 25% of the registered capital or a director of the company certified as being in the targeted industries by relevant government agencies such as the National Innovation Agency (Public Organization) and Digital Economy Promotion Agency). 2. No work permit required for working in the business certified by relevant agencies. In case of changes of jobs, additional endorsements in accordance with the relevant requirements must be obtained. 3. 90-day reporting to Immigration at the One-Stop Service Center extended to 1 year. 4. No re-entry permit required. 5. Spouse and children granted permission to stay in Thailand for the same duration as the Smart visa holder. The spouse granted permission to work with no work permit required. 6. Access to a fast-track service at international airports in Thailand (where available).
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DURATION

1 year

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CITIZENSHIP

Month(s)

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FEES

298

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P. RESIDENCY

Month(s)

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COMPLEXITY

Medium

Eligibility Requirements for the Smart S - Accelerator/Incubator Program

5 Eligibility Requirements

  • Attending an incubation or accelerator program or any other similar program which is in the targeted industries and certified by relevant government agencies such as the National Innovation Agency (Public Organization) and Digital Economy Promotion Agency.
  • In case of not participating in an incubator or a similar program, the applicant must either receive joint venture funding with the public sector or endorsed by relevant government agencies such as the Digital Economy Promotion Agency.
  • 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.

Document Requirements for the Smart S - Accelerator/Incubator Program

9 Document Required

  • Completed application form of qualification endorsement for smart visa “S”.
  • Copy of valid passport (first page and all pages with Thai visa stamps).
  • 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, with coverage for hospitalization treatment of no less than 500,000 Baht (*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.
  • Evidence of the incubation or accelerator program acceptance.
  • 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.

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