Wondering what kind of work permit and visa for Thailand startups is available to you? Here we have the answers. You must have a startup project, first. You may be eligible for the smart visa, SMART S, which is for Technology-based startup entrepreneurs in the targeted industries only. If your plan is approved, you will not need a work permit and visa for Thailand startups is good up to 2 years at a time.
Why don’t you need a work permit? And visa for Thailand startups is easy to get? Well, the Thai government wants to attract technology-based startups so they have this program where if you have this smart visa, you do not need a work permit to work in your own startup company. The infamous 90-day reporting to the Immigration will be 1 year instead. You will do it at the One Stop Service Center (which is where you get your smart S visa from the beginning). You will not need a re-entry permit to go out and come back into Thailand like the people with a non B visa do. Also you get an access to the fast-track service at international airports in Thailand (where available). Pretty cool, right?
The SMART S visa can be obtained even when you are outside Thailand. We will help you prepare and submit a plan to set up a technology startup. Then the visa package will be sent to you to apply for your visa to Thailand. The first visa will be good for 6 months. After you enter the country, or if you are already here, we will help you set up a company in order to work on your startup plan. This is when you can extend your SMART S visa to 2 years. The condition is as follows:
1. You hold at least 25% of the company’s shares or you are a director of the company.
2. You must have a bank account (in Thailand or in your country) with a balance of at least THB 600,000 for the last 3 months.
3. If you plan to get your spouse and kids the visas too, the bank account needs to have additional THB 180,000 per person.
4. You (and your dependents) must have a health insurance covering the entire period of stay in Thailand.
For more information on smart visas, read about qualifications and criteria here.
Talk to ThaiLawyers today for our expert services in setting up a startup company and to get smart visas.