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:

Automotive
Electronics
Affluent tourism
Agricultural, food and biotechnology
Automation and robotics
Transportation and logistics
Petrochemical and chemical
Digital
Medical
Defense
Circular economy for example: refuse-derived fuel manufacturing, water resources management, etc.
Aviation, aerospace and space industry
Human resource development in science and technology
Environmental management and renewable energy
Technology management innovation and startup ecosystem
Development in targeted technology
International Business Center (IBC)
Alternative dispute resolution