Wiselink Group
Importer of Records Thailand
Importer of Records (IOR): Import your Healthcare Products into Thailand, even if you have zero footprint:
No need for intermediaries.
Avoid setting up a Local Entity.
No need to have a Licensed Warehouse.
Importer of Records in Thailand is a local company importing products on behalf of a foreign third party. It can be the license holder in case of medical devices
What is an Importer of Record?
The Importer of Record (IOR) is officially recognized as the owner or importer of the products introduced into a destination country. Who is the IOR? It may be the owner, purchaser, or a local entity in Thailand with a proper authorization. Such authorization is provided by a specific power of attorney (POA) that we always sign with the client to guarantee the authorization to process customs clearance and import the products. The IOR task is to ensure all goods are appropriately documented and valued during the Customs procedure: in case of Healthcare Products (e.g. Medical Devices), we take care of registration in Thai FDA holding the license on the client behalf. Importer of Record is responsible party for the payment of duties, taxes, fees of the imported goods on behalf of the foreign client.
The product can be Licensed in FDA if the project includes sales in Thailand, or the import can be exempt from licensing in case of temporary import.
Wiselink Group services
Need to import Medical Devices in Thailand for test shipments, fairs, exhibitions, workshops? We can import your products for you.
No need for intermediaries or middlemen
With us as Importer of Record you won't need any broker, representative, distributor in Thailand. If you need to perform a test shipment or a temporary import or Clinical Trials, we can be the Importer of Record for your Medical Devices.
No need to set up a Thai local unit
Only Thai entities (Registered Companies) can import products or ask for licenses in Thai FDA. We do it for you, so you won't need to bear the burden of incorporating a Limited Company in Thailand. We follow all the process for you, in full safety!
No need to set up a Licensed Warehouse
With the Importer of Record you'll be able to import and move your products in Thailand under our License. This means that you won't be required to rent and license a local warehouse in Thailand: we'll store your products using our venues.
What can the Importer of Records do for your project?
By choosing Wiselink Group as your Importer of Records Thailand you will receive the following services:
- Insure the imported goods are in compliance with Thai law (with proper Thai FDA authorization/license in case of Healthcare products).
- Manage the actual customs clearance process.
- Handle the payment of applicable tariffs and duties on your behalf.
- Ensure the delivery of your products to their final destination.
Importer of Record (IOR) Role and Responsibilities
Importer of Record (IOR) is a service established to provide foreign organizations with fulfillment of international trade requirements without opening a local unit. Having an IOR ensures faster and more efficient import operations.
The company that provides IOR services must be a Thai Company with a Power of Attorney (POA) to assume the activity of the importer. A proper contract shall be signed between the parties to guarantee the Client's rights of ownership on the imported goods.
In order to manage and supervise import, the IOR has the following responsibilities:
- Classification and evaluation of the merchandise before the import.
- Licensing the product with relevant Authority when necessary.
- Compliance with the regulations of destination country.
- Paying all the import taxes at destination.
- Presenting the necessary declarations to government agencies and Customs
- Gather and provide to Authorities all the required documentation (certifications, permits and authorizations).
What is the importance of Importer of Records Thailand?
To import any goods, it's necessary to have an established business or a legal entity in Thailand. For this scope, Importer of Record (IOR) can assume this role by handling the import process, managing customs clearance and paying taxes until the delivery is fulfilled.
Importer of Record guarantees compliance with all necessary regulations and statutes; this is the ideal strategy to deal with a new country in startup phases on the consolidation process. Wiselink Group can provide IOR services related to any kind of product, with specific experience in Medical Devices, Food Supplements and Innovative Products.