Foreigner buying shares SET – advice needed

[Cricky]

I have some spare cash and would like to buy some stock on the SET.

Probably Thai banks, BKK Bank, Kasikorn or one of the others.

 

I would like to know what issues as a foreigner I need to know regarding taxes and other items of concern.

Edited April 26, 2018 by rickjza

[kingstonkid]

There are not a lot of issues.  You just need to have the right visa and take your passport.  I am with Maybank.  no hassles

[TerryLH]

1 hour ago, kingstonkid said:

You just need to have the right visa and take your passport.

What is the right visa?

Thanks,

Terry

[ubonr1971]

5 hours ago, kingstonkid said:

There are not a lot of issues.  You just need to have the right visa and take your passport.  I am with Maybank.  no hassles

what does that mean? Are you saying you need a WP?

[ubonr1971]

3 hours ago, TerryLH said:

What is the right visa?

Thanks,

Terry

I jjust looked at their website.. here are the requirements:

 

Open a trading account.

Documents to open an account

1. Copy of ID card

A copy of house registration

3. A copy of your bank statement in the past 6 months including the home page.

4. Financial documents in the past 6 months

5. The stamp duty is 30 baht. 

[khunPer]

I answered this in another thread, asking similar question, a few days ago – perhaps useful information for you.

 

Personal advise when buying bank stocks (and also in general), take a look at P/E, and P/BV, and dividend payouts, and historical performance, before you buy.