Thai Watch Market Second-Hand-Goods License
Status: Licensed second-hand-goods trader on file Issued by: Bangkok Metropolitan Administration (BMA) Business category: Trade of antiques — luxury wristwatches
The license is on file and can be inspected on request.
Legal Basis — Control of Sale by Auction and Trade of Antiques Act B.E. 2474
The second-hand-goods license is issued under the Control of Sale by Auction and Trade of Antiques Act B.E. 2474 — antique trade operators must register and obtain a license under Section 5.
Key provisions Thai Watch Market follows:
Section 5: Antique trade operators must obtain license from local authority before operating.
Section 11: Operators must maintain transaction records specifying:
- Reference and code of merchandise
- Seller details (name, address, ID number)
- Agreed price
- Transaction date
- Records open to inspection by authorities
Section 12: If operator suspects merchandise may be from unlawful source, must report investigation officer immediately.
Section 13: Operator must hold purchased items at least 15 days before resale — allowing officers to verify against reports of lost or stolen property.
How to Verify Our License
Verification steps:
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Phone: BMA call center 1555 — request verification of our second-hand-goods license — the officer can confirm status against our trading name
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Online: BMA website has license verification system — search www.bangkok.go.th under "License Verification"
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In person: visit our Bangkok office
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During field appraisal: ask Khun Ton (Head of Customer Operations) to show license copy at your home
License and Seller's Operation
Sellers transacting with licensed second-hand-goods dealers receive protection:
1. Formal receipts issued
- Receipts specify license number, legal entity registration, and full product information
- Used as tax document and proof of sale in dispute
2. KYC recording as legally required
- Registered operators must complete full KYC
- Sellers needn't worry about "selling to money laundering network"
3. Protection in dispute
- Registered operators can be sued via license — BMA supervises if complaints arise
- BMA has authority to suspend operator license for violation
4. Tax credibility
- Revenue Department accepts receipts from registered operators
- Individual sellers transacting infrequently (<6/year) need not pay tax per Section 40(8)
License and Other Relevant Laws
Beyond the second-hand-goods license, Thai Watch Market complies with:
Anti-Money Laundering Act B.E. 2542 (AMLA)
- AML/KYC for transactions ≥ ฿200,000
- Suspicious Transaction Report for transactions ≥ ฿2M
- Records kept ≥10 years
Revenue Code
- VAT-registered legal entity
- Corporate income tax (CIT) filing per accounting cycle
- VAT invoice issuance per standards
- Accounting under TFRS (Thai Financial Reporting Standards)
Consumer Protection Act B.E. 2522
- Non-false price and condition advertising
- Accurate product information
- Buyer protection (when we sell)
Personal Data Protection Act B.E. 2562 (PDPA)
- KYC data processing per PDPA principles
- Data retention within statutory limits
- Details on Privacy Policy page
Common Seller Questions About the License
"What does the second-hand-goods license have to do with my sale?" A lot — licensed dealers provide legal and financial protection. Unlicensed dealers operate outside the system, exposing sellers to risks including receiving funds from money laundering and facing accusation.
"What if the dealer's license expires during my transaction?" License renewal is the dealer's responsibility. Transactions occurring while the license is valid remain valid sales. If license lapses during appraisal — the dealer must disclose and not transact until renewal.
"Dealer says 'license pending' — transact?" No — by law, license must be obtained before operating. "Pending" = unlicensed operator. Sellers should not transact.
"I'm selling to an individual not through a dealer, need a license?" No: individuals selling personal assets don't need one. But the "more than 6 sales/year" threshold may be classified by Revenue Department as "engaged in watch trading" — see Thailand 2026 Luxury Watch Tax.
Contact Us
To verify license or request additional details:
- LINE: @thaiwatchmarket
Sources:
- Control of Sale by Auction and Trade of Antiques Act B.E. 2474
- Anti-Money Laundering Act B.E. 2542
- Personal Data Protection Act B.E. 2562
- Bangkok second-hand-goods trader registration on file
- BMA license verification system (call 1555)