From Monday 8th until Sunday 14th February 2016, Phuket’s astonishing Ao Po Grand Marina was host to the first edition of one of the finest events in South East Asia, the Thailand Yacht Show (TYS).
Designed by the Singapore Yacht Show’s organizers, in cooperation with the Thai government, the inaugural Thailand Yacht Show presented a special opportunity for the world’s leading superyacht builders to display their world-class yachts as well as their outstanding marine industry services.
As usual, Windward Islands Yachting Company didn’t miss the opportunity to cover this event from the very opening of the show until the final day, in order to provide yachting enthusiasts with a special report on the major events along with stunning photos of the show.
Our representative, Geraldine Bernard, who was present at the Thailand Yacht Show reported, «We have now a clear window on the Thailand Marine Industry development. The project is called ‘Thailand: A Marina Hub of ASEAN’ and they wish to develop marina linkage on the coasts of the Gulf of Thailand and the Andaman Sea.»
This project came as a follow up to the Thai government regulations regarding Charter Licence Laws, which aim not only at fostering the Thailand Marine Industry but also at encouraging investment in Thailand.
Though the Thai government has loosened restrictions on the charter licences, some issues related to the Immigration Law and the Value-Added Tax (VAT) are actually still pending.
«The charter licence and VAT issues have been discussed again and the government might have understood better the obstacles, which let us hope to see significant improvement in the close future,» Bernard added.
According to Mr Somchai Sumanuskajonkul, a deputy director-general of the Thailand Marine Department, who was present at the Yachting Forum, «The relevant government agencies are working to create one-year-permission-to-stay approvals for superyacht crew members – linking their stays in the country with the ship’s stay. Additionally, progress is being made to create a VAT exception for superyachts.»
The introduction of such regulations will absolutely pave the way for a positive change in Thailand on many levels. This will bring potential investors to the country.
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