Amendment of Qualifications, Criteria and Conditions for Smart Visa

The Board of Investment of Thailand (BOI) has identified “S-Curve” target industries as part of its Thailand 4.0 policy. These industries represent sectors with high growth potential and innovation such as next-generation automotive, smart electronics, advanced agriculture and biotechnology, aerospace, and logistics.

Keywords: Mazars, Thailand, Smart Visa, BOI 

9 June 2023

On 16 March 2023, the Office of Board of Investment announced the Announcement No. Por. 5/2023 regarding the amendment of Qualifications, Criteria and Conditions for Smart Visa, there are 18 target industries, increasing from 13 target industries. The goal of these incentives is to attract foreign investment and help Thailand to have a more competitive environment.  

The targeted industries are as follows: 

  1. Automotive  
  2. Electronics  
  3. Affluent tourism  
  4. Agricultural, food and biotechnology  
  5. Automation and robotics  
  6. Transportation and logistics 
  7. Petrochemical and chemical 
  8. Digital  
  9. Medical  
  10. Defense  
  11. Circular economy for example: refuse-derived fuel manufacturing, water resources management, etc. 
  12. Aviation, aerospace and space industry 
  13. Human resource development in science and technology 
  14. Environmental management and renewable energy 
  15. Technology management innovation and startup ecosystem 
  16. Development in targeted technology 
  17. International Business Center (IBC) 
  18. Alternative dispute resolution 

Source:  

https://smart-visa.boi.go.th/smart/pages/about.html 

BOI Announcement no. Por 5/2566 

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Chalermpon Tanopajai
Chalermpon Tanopajai Director - Legal Practice WP&VISA - Bangkok

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