Thailand aims to attract foreign experts and investors with special "startup visa"

PUBLISHED ON TUE, JUN 20, 2017 4:04 AM

Thailand aims to attract foreign experts and investors with special "startup visa"

 

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Picture: Daily News

 

BANGKOK: -- The ministry for the digital economy (DE) is looking into plans to issue special incentive visas for foreign startup firms and their staff to come and work in Thailand.

 

The ministry has received recommendations that one of the best ways to encourage the growth of startup companies in Thailand is to bring in experts and investors from abroad.

 

A startup or start-up company is an entrepreneurial venture that is typically a newly emerging, fast growing business that aims to meet a market need by developing or offering an innovative product, process or service.

 

Minister Phichet of the DE said the visa would aim to make it legal for those eligible to work in Thailand by removing various obstacles. He was at Central World in Bangkok yesterday with 20 representatives from the Thai startup sector who are in favor of the idea.

 

He said that Thai startups were adding a billion baht to the economy and this is only the start of what looks like a rosy future.

 

The Thai groups want such companies to be nationwide and not just concentrated on Bangkok.

 

Foreign help and investment will help to push this part of the economy forward at a faster pace, said the Thai startups.

 

A steering committee will look into the details of what the visa will offer and announce their findings by September.

 

Source: Daily News

 
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