Tag Archive: import

  1. How to Import a Boat to Thailand

    Comments Off on How to Import a Boat to Thailand

    When importing a boat from oversea to Thailand – even if it is solely for personal use and not for running a business – it is necessary to register the boat at the Marine Department in charge. Which department is in charge is determined by the mooring of the boat. To complete the registration process, the following documents are required:

    1. Boat sale agreement;
    2. Receipt of paying import taxes at the Customs Department;
    3. Supporting documentation to certify domicile in Thailand by going to the immigration office that is in the province that the boat is located (certification of the Thai visa at the Immigration Office); and
    4. Translations of all documents in English into Thai.

    In case a pre-owned boat is imported, additional documents are required as follows:

    1. Boat registration document from abroad;
    2. Certificate of the cancellation of the boat registration abroad.

    If the boat is neither registered as a Thai boat nor is operated under the Thai flag, the boat can remain in Thailand only for a limited time. The boat has to be brought out of Thailand after the permitted time has expired, thus if the boat shall be operated in Thailand without time restriction, it must be registered as a Thai boat.

    There is no limitation regarding the number of boats which can be registered under the same person. However, the applicant for the boat registration must be the same person as the importer and the person on the purchase agreement. If the names differ, the registration cannot be done. Therefore, it is recommendable to complete the registration at the Marine Department under the buyer’s name as a first step, after the boat is imported. After the registration is completed, the transfer of the boat should go smoothly.

    Please note: a boat registration for a foreign individual is possible, but a foreign company is not permitted to register a boat under its name. If a company wants to register a boat under its name, at least 70% of the shares have to be held by Thai nationals.

    If there are any questions regarding the import of a boat to Thailand, feel free to contact us at [email protected].

  2. Release of Import Duties on Machinery with the eMT System

    Comments Off on Release of Import Duties on Machinery with the eMT System

    The electronic machine tracking system (eMT) was developed by the Investor Club Association to assist companies, promoted by the Board of Investment (BOI), with privileges granted under Section 28 and 29 of the Investment Act B.E. 2520.

    The Investor Club Association (IC), established in 1993, is an organization which brings together Thai and foreign investors for collaboration and exchange of information. Under this collaboration, the IC developed different systems to quickly realize a BOI promotion.

    Depending on the status of a promoted person, the BOI grants various benefits and rights which are listed in Chapter 3 of the Investment Act B.E. 2520. According to Section 28 of Chapter 3, the promoted person shall be released from the payment of import duties on machinery which is essential for the promoted activity. And this is where the eMT system is utilized.

    To ensure an expeditious process and to realize the exemption granted in Section 28 without delay, the promoted person can apply for the use of the eMT system and submit a master list of the machinery and equipment. After the approval by the eMT system, the IC will issue an approval letter within three hours. This process is very efficient.

    The following documents are required for the use of the eMT system:

    • application form for use of eMT system
    • Copy of the promotion certificate indicating the privilege according to Section 28 Investment Act B.E. 2520
    • Tax ID
    • Name and address in Thai and English for issuing tax receipts

    The applicant needs to pay an application fee of THB 3,745, an advance service fee of THB 535 and undergo an eMT systems orientation training. The latter is free of charge for one attendant per company. Additional participants are subject to a fee of THB 4,280 (Investor Club members) / THB 6,420 (non-members).