Thailand to launch new IT and tech visa

The Government of Thailand is to launch a new visa designed to entice those with IT and Technology skills to the country.

According to the Office of Thailand’s Prime Minister Kobsak Pootrakool, a new Start-up Camp visa will be introduced later this year.

Alongside yet-to-be announced regulations, the PM said he will also revamp tax rules in a bid to encourage start-ups to stay here instead of later moving to other lower-tax regime countries in the region, such as Singapore.

Phuket, Chiang Mai, Bangkok, and the Eastern Economic Corridor are all areas that will be targeted by the new visa.

Earlier this year, Thailand introduced a new SMART visa programme aimed at foreigners working or investing in technology-based production activities and services.

At the time of that visa’s release, Duangjai Asawachintachit of the Thai Board of Investment said: “Attracting more foreign investment, in addition to investment promotion incentives, facilitation to increase convenience for investors to do business in Thailand is very important

“In recent years, the Thai government has improved its services, resulting in the improvement of the country’s ranking in the World Bank’s Ease of Doing Business report from 46th to 26th. The SMART Visa will increase convenience in facilitating investors doing business in Thailand,” she added.

Article published 26th March 2018