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"

 

aa.jpg

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

 
tvn_logo.jpg
-- © Copyright Thai Visa News 2017-06-20
latest news from Thailand

NLA seeks solution to feud between Uber and taxi driversBy The Sunday Nation  THE National Legislative Assembly (NLA) has been considering proposed solutions to the conflict between Uber and taxi drivers amid fears that the problem could hurt tourism, the National News Bureau of Thailand reported...

READ MORE...

Activist calls for review of safety measures at dangerous sitesBy WICHIT CHAITRONG THE SUNDAY NATION   A LABOUR academic has urged business leaders and authorities to review safety measures at wastewater treatment facilities and other dangerous sites following the tragic death of five people at...

READ MORE...

Ex-PAD leader Somkiart turns up in court after warrant issuedBy The Nation  Somkiart Pongpaibul, a former leader of the now-defunct People’s Alliance for Democracy (PAD), presented himself at the Criminal Court on Friday after the court issued an arrest warrant for his failure to show up to hear...

READ MORE...

Media urged to act as bridge between government and peopleBy Khanittha ThepkajornThe Nation  The media should help bridge the gap between people and the government in paving the way for the country’s newly introduced national strategy and reform plans addressed under two new laws on national...

READ MORE...
sponsors