Previous Post
Dubai-based Startup Beehive Raises $5 Million and Heads Off to Enter the Saudi Market
Next Post
How This Lebanese Entrepreneur Managed to Bring Hugo Boss to the Middle East

MENA Entrepreneurs Can Now Get a "Smart Visa" to Work in Thailand

Arab entrepreneurs and digital nomads can now work remotely from paradisiac beaches, as the Thai government approved a Smart Visa for startup owners, investors, or highly-skilled professionals.

Thailand has just released a “Smart Visa” for business professionals, in an effort to boost the destination's position as a Nomad hub, allowing Digital Nomads to stay for longer durations than three months. Currently, the visa applies to startup founders, investors, high-level executives, or other highly-skilled professionals.Thailand has seen a boom of digital nomads since 2014, but currently, digital nomads pay taxes as a foreign company, or register the company in Thailand, with the benefit of a tax holiday for 3 to 8 years.

Now, instead of reporting to authorities every 90 days, the Smart Visa holders will only need to report to the immigration bureau every one year, and the visa can extend to family members. Similarly to the French Tech Visa released by the French government earlier in January, Thailand's Smart Visa is expected to encourage business growth in the country, leading to long-term economic benefits. Applications are expected to open in January 2018. 

Main photo credit: Geo Travellers, licensed by Creative Commons.

Sign up for the daily Startup Digest.

Startup stories straight to your inbox

Sign up for the weekly newsletter