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Profits Out Of Thailand

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I am in the process of having a house built in Koh Samui at a cost of approximately 6 million Baht with the intention of selling it on completion, and to hopefully make a profit. I have just heard on the grapevine that you are not allowed to take any profit made out of Thailand ...does anyone know if this is true ?

Did you bring any money into Thailand to help pay for the construction costs?

  • Author

Thanks for answering, ...at the moment we have paid approx 94500 Baht deposit to the developer but intend to send another 2500000 Baht in a few days with the remaining 3000000 Baht in stages over the next few months.

OK - so long as you keep the inward transaction currency conversion receipt, you should be able to remit funds back out of Thailand : once you sell the house.

  • Author

And that includes the initial investment as well as the profit ??

sumitr man , technically dont u need the tor tor 3 from the bank (for the original payment in) if you remit the funds back out?

Initial Investment can be taken out based on inward remittance.

Profit (build another house or buy foreign curreny and take it out personally).

The Euro500 note is a beauty to take out.

sumitr man , technically dont u need the tor tor 3 from the bank (for the original payment in) if you remit the funds back out?

Technically, you are right. However, practically the Bank of Thailand has a daily floor limit you can remit out of Thailand. So, if you don't mind paying additional fees, you can still remit sums out of Thailand without the TT3; provided you stay below the BoT daily transfer floor limit.

SM

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