Thailand Rolls Out the Welcome Mat for Global Talent: New Law Opens Doors for Skilled Workers and Investors

By | Tue 14 Feb 2023

The Thai government has opened the door for skilled foreign professionals to take advantage of new opportunities in the Land of Smiles. With the recent release of a new law, foreigners can now work or invest in 18 key industries in Thailand.

This ground-breaking move, announced by the Ministry of Interior and signed by Prime Minister Prayut Chan-o-cha and Interior Minister Anupong Paochinda, is seen as a sign of the Thai government’s commitment to attracting foreign investment and supporting the growth of their economy.

Thailand has taken a significant stride in attracting highly skilled foreign workers with the implementation of a new law that permits individuals from abroad to work or invest in 18 selected industries. This ground-breaking legislation, signed by Prime Minister Prayuth Chan-o-cha and Interior Minister Anupong Paochinda on February 3, presents an exceptional chance for specialists, investors, executives, and entrepreneurs to make their mark in Thailand.

The SMART visa program, offered by the Board of Investment of Thailand,┬áprovides a cutting-edge visa for highly skilled workers with a maximum residency of four years. This initiative demonstrates the Thai government’s willingness to support the growth of its economy through foreign investment and its openness to attracting talented individuals who can contribute to the country’s development.

Revised guidelines from the Ministry of Interior state that the targeted industries for migrant workers include executives and entrepreneurs for start-ups. This intelligent move aims to bring in a wealth of talented individuals and shows a solid commitment to economic recovery and foreign direct investment.

Experts, investors, executives, and entrepreneurs in start-ups are given the green light to work, invest, establish, and oversee businesses in the following target industries with the approval of the BOI and the Cabinet:

The Thai government’s new law presents a golden opportunity for the country to welcome skilled specialists, investors, executives, and entrepreneurs, who will help to boost the growth and recovery of Thailand’s economy.

#thaieconomy #thailand #business @thaivisa