Type business license required for scrap gold buyer...

[montereyjp]

A small shop that buys scrap gold, silver, platinum in the form of old, broken or unwanted jewelry from consumers within Thailand only and then sells it to smelters within Thailand only ,,,

1. What type of business license would you need ?

2. Would this type of scrap buying and selling in such small quantities require any additional licenses?

TIA

[Sunbelt Asia]

The license is governed by the Auction & Trading of Old, Ancient items Constrol Act B.E. 2474 (1931).

Whether you are trading used….

1. Antique items

2. Jewelries, gems, gold, copper alloy

3. Motor vehicles, private and/or public transport

4. Motorcycles, old wooden houses, bottles, scrap metals and paper

You are required to have a license to trade the above. The license must be initially applied for at the district office. You will also need to have your fingerprint recorded for the license.

Annual fees range from 5,000 Baht to 15,000 Baht depending on the type of trade that you wish to perform.

This type of business is available to all individuals (sole proprietorships), but due to the requirements for obtaining a work permit, foreigners will need a juristic entity such as a Thai Limited Company to support their work permit application since, at least in Bangkok, the Labor Department will not issue a work permit to a sole proprietorship

[sunbeltlegal][/sunbeltlegal]