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What are the obligations and expenses after obtaining a Start Up Smart S Visa in Thailand?

Smart S Visa Startup Company Thailand Visa Business Visa Employment Requirements Accounting Obligations Monthly Expenses

Jun 20, 2023

3 years ago

Antun ******

ORIGINAL POSTER

Hi guys! Did anyone open Start up company in Thailand (Smart S Visa)? I understand requirements that are for applying for Visa (pitch deck, 600k thb,health insurance). But i didnt find any information about what obligations and expenses there are once your visa is approved (im looking for 2 year Startup). Do i need employ Thai people with Smart S same as with regular Business Visa? Do i need have Thai partner (shareholder) or no? Do i have to have an accountant or i can keep tracking of my finances? Are there any other monthly expenses? Or anything else I should know! 

Thank you 😊

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TLDR : Answer Summary

The user seeks information on the obligations and expenses after obtaining a Smart S Visa for a startup in Thailand. They inquire about whether they need to employ Thai nationals, the need for a Thai partner or shareholder, accounting requirements, and any monthly expenses associated with running their business.

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Keef ********

Requirements are different I used to work for a guy had the smart visa best talk to the smart visa group at immigration they are excellent at responding

3 years ago

John **********

A Thai company of which you hold min 25% of the capital and must be in one of the approved industries. I don't see anything about performance criteria but I'd be surprised if that is not asked somewhere down the line.

3 years ago

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John **********

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