In today’s increasingly globalised business world, international business and commercial transactions can take place with a mere mouse click from halfway across the world. In this era of trade globalization and economic interdependence, international trade, specifically the export of Thai-manufactured products to foreign markets, plays a vital role in Thailand’s economy.

At Korpniti, we appreciate the importance of international trade to Thailand’s economic development. We want to ensure that all trade-related transactions proceed as smoothly and securely as possible for our clients. We want to ensure that our client’s trade decisions are well grounded on actual facts, accurate research, and good market conditions. And we want to ensure that our clients are aware of the different laws and business practices governing the movement of goods and services to and from Thailand.

Different transportation methods (e.g. land, sea, or air) will lead to different laws, industry practices, and clearance processes. Further, different customs laws and regulations may apply to the importation and exportation of certain classes of goods. Some goods may require special licenses and approvals from governmental bodies such as the Department of Foreign Trade, Excise Department, Food and Drug Administration, and Ministry of Commerce. Other goods may be subject to rates of duty and tax several times that of its selling price in its country of origin.

We work closely with other professionals in international transportation and insurance industries to provide clients with an integrated practical approach towards all of their trade-related transactions. We can help our clients chart their course through new commercial opportunities.

We can advise and assist clients on all matters related to international trade, import/export, and customs clearance, including:

• Board of Investment (BOI) incentives and benefits

• Customs compliance and clearance

• Customs incentive schemes:
  • Bonded warehouses;
  • Customs free zones (CFZs);
  • Duty drawbacks;
  • Investment promotion; and
  • Tax and duty compensation

• Dispute resolution in the International Trade and Intellectual Property Court

• Distribution and agency agreements

• Export processing zones (EPZs) / IEAT-Free Zones

• Foreign direct investment (‘FDI’) and FDI incentives

• Freight forwarding and international transportation

• Import/export procedures

• International trade financing

• Licenses and permits

• Promoted activities and promoted zones

• Shipping law

• Tax considerations, including customs duty, excise tax, municipal tax, VAT, and remittance of profits abroad

• Trade law

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