Thailand Business & Thailand Property Info Blog
February 1 2010 Categories: Opening Bank Account, Thailand Banking No comments yet
The answer is of course yes, or more accurately yes, but…
As a matter of fact the issue of the opening of a bank account by a foreign non-resident is one of the most confusing issues for foreigners in Thailand because there is a huge discreptancy between the theory and the practice.
Originally posted 2009-08-02 05:24:27.
February 1 2010 Categories: Thailand Banking No comments yet
One criteria you will have to consider when investing into Thailand will be the long term volatility of the currency of your home country against the THB because the evolution of the exchange rates will be one of the element that will affect on the long term your return on your investment. Being no financial wizard I cannot tell you how currencies will evolute against each others in the future. What I can show you is how some of the main world currencies have evolved against the THB during the past four years.
Originally posted 2009-10-14 02:03:45.
January 27 2010 Categories: Exchange Control, Thailand Banking No comments yet
The question whether foreign Non-Resident may borrow in THB from Thai banks is another issue that generates a lot of confusion.
According to the Bank of Thailand, Thai Banks may not lend Thai Baht to foreign Non Residents but for a few exceptions as follows:
Originally posted 2009-08-02 07:16:25.
January 16 2010 Categories: Exchange Control, Thailand Banking No comments yet
You may transfer foreign currency into Thailand or bring it in cash without any limit.
However if you bring into Thailand in cash an aggregate amount of foreign currency exceeding USD 20,000 or its equivalent you must declare it to a customs officer and it you transfer foreign currency exceeding USD 20,000 or its equivalent you will need to file a Foreign Exchange Transaction Form (“FETF”).
Originally posted 2009-08-02 06:44:07.
