How do I get a import license in Thailand?
In order for a newly-incorporated company to obtain an import/export license, it must be registered for VAT and have a corporate bank account in Thailand. Mahanakorn Partners can assist you in completing the application form and preparing all necessary documents to be submitted to the Customs Department.
How can I start import export business in Thailand?
5 Steps To Set Up Your Import – Export Business in Thailand
- Decide What Business Are You Willing To Set Up. …
- Get Your Business Registered With The Government. …
- Choose A Target Audience. …
- Strengthen Your Networking. …
- Determine Your Clients Needs And Product Offering.
How can I get import export license?
Steps Involved in IEC (Import/Export Code) Registration
- Step 1: Application Form. First, you need to prepare an application form in the specified format – Aayaat Niryaat Form ANF-2A format and file it with the respective Regional office of DGFT.
- Step 2: Documents. …
- Step 3: Filing Application. …
- Step 4: IEC Code.
How do I import goods into Thailand?
For businesses keen to import into Thailand, here’s how to get started:
- Register with the Thai customs directly online or engage a freight forwarder. …
- Check on import permit requirements and classification of goods. …
- Prepare and submit mandatory documents. …
- Calculation and payment of all duties and taxes applicable.
How much is import duty in Thailand?
Thailand’s average bound tariff for non-agricultural products is approximately 25.6%. Thailand levies high tariffs on goods such as: 80% on motor vehicles, 60% on motorcycles and certain clothing products, 54% to 60% on distilled spirits, and 30% on certain articles of plastic and restaurant equipment.
What is Thailand’s biggest export?
The top ten export items were machinery including computers: $40.2 billion (16.4% of total exports), electrical machinery, equipment: $33.9 billion (13.8%), vehicles: $28.9 billion (11.8%), gems, precious metals: $15.7 billion (6.4%), rubber, rubber articles: $15.3 billion (6.3%), plastics, plastic articles: $13.3 …
What food does Thailand import the most?
Thailand is a leading global supplier of a wide variety of commodities and products including rice, rubber, cassava, sugar, seafood, poultry meat, frozen food, ready-to-eat foods and processed fruits and vegetables. The country is a regional and global food manufacturer , particularly for tuna, prawns and chicken.
What can I export to Thailand?
What are people sending into Thailand?
- Machinery and parts.
- Crude Oil.
- Electrical machinery and parts.
- Iron and Steel.
- Automobile parts.
- Jewellery, silver and gold bars.
What are the major imports of Thailand?
Thailand imports mainly raw materials and intermediate goods (around 56 percent of total imports). Fuel accounts for 19 percent, parts of electronic appliances for 11 percent, materials of base metal for 9 percent, and chemicals for 5.5 percent.
How much does export license cost?
This code is better known in India simply as an export license, and is easy to apply for and get from the zonal or regional office of DGFT which has jurisdiction over your location of business. You can now also submit an online IEC application at dgft.gov.in with the required documents and fee of Rs. 250.
Is import export a good business?
Import export business is a very lucrative business. While coming up with an idea costs nothing, executing and materializing is what will create a profitable business. Import and export of goods and services will always be a promising business and will help in opening up new avenues for you and your motherland.
How much does it cost to get IEC code?
IEC Code Number Application Fee Rs 250.00 (Expert TIP : Pay via EFT (Electronic Fund Transfer ), and submit IEC Online Application form, If you wish to receive IEC Number instantly) The physical application containing required documents should reach DGFT RLA concerned within 15 days of its online submission.
Do I pay import duty on goods from Thailand?
Customs Duties and Taxes on Imports
Goods exempted from duty, which is goods imported by post and has Custom value, including freight and insurance charges, of no more than 1,500 baht. The average rate is 7.2%. … MFN duties on imported processed food products range from 30% to 50%.
What do I need to declare at Thai customs?
Personal belongings in reasonable quantity, which are worth no more than 20,000 baht in total and are not prohibited or restricted goods or food. No more than 200 cigarettes or 250g of tobacco or 250g of all types combined. No more than 1 litre of alcoholic beverage.
Why do I need an import license?
The thing to remember about import licenses is that an importing license is a way for the government to cap and monitor imports – most goods will be unaffected, but certain goods like firearms and military-use goods will require a license.