Getting Money Out Of Thailand

[Gulliver]

John2 -I am no expert, but assuming that your funds went in legitimately, i.e. transferred from a legit source - your foreign bank account - then getting those out again should not be an issue. The Thai end seems only interested in whether or not you have obtained them by an undeclared means, and whether you owe Thai taxes. That is my understanding.

[chiang mai]

John2, in my earlier post about transferring money out after sale of a condo, the limit on what can be exported depends upon the transaction value of the sale as reported on the Land Dept office tax payment receipt.

The US$20K number occurs in several instances:

1. On import of funds, the Foreign Exchange Transaction Certificate is issued only when the funds imported is at least US$20K or equivalent in other foreign currency. But I've read of other instances here in TV where a bank would issue its own letter for amounts imported of less than US$20K.

2. I understand that an individual arriving into Thailand by air, sea, etc., must declare if he/she is carrying more than US$20K or equivalent in cash or other negotiable instruments. I don't know if it is illegal to bring in more than US$20K; only that it must be declared, I guess to somebody, because the Thai landing card has no spot to make that declaration (like in the landing card for entry into the US).

3. I don't know if when leaving Thailand, one must declare if carrying more than US$20K or equiv out of country.

Tangoll - that doesn't answer my question at all.Forget the property angle i just want to know if i can transfer what i want from my baht a/c without a work visa? It's a very simple question.

Regarding your 3rd question there is no limit on carrying foreign currency out of the country,there is with baht,i think it's 50k.

In cash you can carry US$20,000 ( or its equivalent ) in or out of Thailand PROVIDED it is declared to Customs on arrival or departure.

WRONG - There is NO LIMIT in taking foreign currency OUT of the Kingdom.

*Wonders if anyone will actually andwer the question*

In currency there is DEFINITELY a limit unless declared to Thai Customs and approved.

No there isn't,there is NO LIMIT i checked it all.

Well check it again because Dr PP is correct. "Foreigners may take out of Thailand as much foreign currency as they wish, up to and including the amount declared to Customs upon their arrival".

[JOHN2]

John2, in my earlier post about transferring money out after sale of a condo, the limit on what can be exported depends upon the transaction value of the sale as reported on the Land Dept office tax payment receipt.

The US$20K number occurs in several instances:

1. On import of funds, the Foreign Exchange Transaction Certificate is issued only when the funds imported is at least US$20K or equivalent in other foreign currency. But I've read of other instances here in TV where a bank would issue its own letter for amounts imported of less than US$20K.

2. I understand that an individual arriving into Thailand by air, sea, etc., must declare if he/she is carrying more than US$20K or equivalent in cash or other negotiable instruments. I don't know if it is illegal to bring in more than US$20K; only that it must be declared, I guess to somebody, because the Thai landing card has no spot to make that declaration (like in the landing card for entry into the US).

3. I don't know if when leaving Thailand, one must declare if carrying more than US$20K or equiv out of country.

Tangoll - that doesn't answer my question at all.Forget the property angle i just want to know if i can transfer what i want from my baht a/c without a work visa? It's a very simple question.

Regarding your 3rd question there is no limit on carrying foreign currency out of the country,there is with baht,i think it's 50k.

In cash you can carry US$20,000 ( or its equivalent ) in or out of Thailand PROVIDED it is declared to Customs on arrival or departure.

WRONG - There is NO LIMIT in taking foreign currency OUT of the Kingdom.

*Wonders if anyone will actually andwer the question*

In currency there is DEFINITELY a limit unless declared to Thai Customs and approved.

No there isn't,there is NO LIMIT i checked it all.

Well check it again because Dr PP is correct. "Foreigners may take out of Thailand as much foreign currency as they wish, up to and including the amount declared to Customs upon their arrival".

Well i come with 50 quid 10 years ago

[garrieoz]

Gents,

I have been lucky enough to score a short but lucrative work contract with a global company in Thailand. Throughout negotiations I thought I would receive a small Thai salary and be paid the rest in my home country of Australia. I really didn't care if it was taxed in either country (tax treaty exists) even though I have effective tax structures in place back home that I'd like to use.

My concern is how do I get the excess money out of Thailand each month to cover my expenses back home like mortgage etc. Some months this could be up to 400k baht.

Can anyone educate me about the rules with regard to transferring after tax money out of Thailand, or maybe some suggestions. I am thinking of pressing the company a little more to split my pay between countries.

Appreciate your help.

G

[suiging]

Someone may know the answer to this....

If the OP went into say HSBC in BK and bought into a globally traded (ie HSBC USD Market etc ) Unit Trust. Could he then fly to his home country with his trust cert or similar and cash them in using his local HSBC branch ?