Jump to content

Change In Banking Laws Re Sale Proceeds


Recommended Posts

I've just sold my condo and had discussed with HSBC in Bangkok what to do with the sale proceeds. They said that since I have a non resident account the funds had to be repatriated out of Thailand as soon as the cheque was presented. I hadn't been aware of this rule previously but on checking with other sources I find that is indeed the requirement from BOT.

But I've just had an email from HSBC stating that the above requirement has now changed and non-residents may keep the funds in Thailand and there is no longer a requirement to repatriate the money.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...