Changing Thai Rules to benefit Superyachts:

Wednesday, 03 May 2017


Following extensive lobbying by the superyacht industry the Thai Temporary Charter License received the Royal Decree. The new Charter License laws permit visiting foreign flagged superyachts (only those 30 metres and above) to apply for a license which will enable them to operate commercially in Thai waters; valid for one year. During this time a yacht will be able to cruise and charter in Thai waters. Applications for a license must be made to the Ministry of Transport, through an appointed Thai agent.

Until now a superyacht that exclusively visited Thai destinations as part of a charter could only do so if it were Thai flagged. Under the Thai flag, an import tax of 7% of the yachts value was payable and a Thai captain and engineer employed, with severe penalties in case of breach. Now foreign flagged superyachts with the charter license may now operate a complete charter in Thai waters with licenses valid for 365 days and are non-extendable nor transferrable. The yacht may freely leave and re-enter Thai waters for the duration of the license. In a second welcoming move the Thai government ministries has stated that proposed changes to crew visa regulations are expected to be in place this year. Check with your superyacht agent for updates and to apply for a license.  www.asia-pacific-superyachts.com

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Last Updated ( Wednesday, 03 May 2017 )