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Cash Please Read


MTS

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An unlimited amount.

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Maestro

Not completely true.

If you intent to bring out any amount over USD 10,000 on leaving Thailand, you will have to declare and show that you have brought it in on arrival. The customs authority will issue you a certificate as proof. You can show this certificate on departure to bring the money out.

If you intend to bring money into Thailand for investment, it is best you do so by transferring money from an overseas bank account into your bank account in Thailand in foreign currency and converting it into Thai Baht by the Thai bank. You will need to make a declaration at the Thai bank later for amounts above USD 20,000 stating how you intend to invest this amount and keep a copy of this declaration (Form TT3).

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Does anyone know how much foreign currency (CASH) you are allowed to bring through BKK Airport?

The business forum has a pinned topic "restrictions on incoming money"

Not surprisingly there are plenty of prior threads on this topic, accessible via the forum search facility

Please read (pref. before posting)

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But most countries have a limit on how much you can take out.

But most countries don't have a Bangkok airport, do they? I know the OP did not mention the county but he did mention BKK airport, and this is only in Thailand.

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Maestro

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Not completely true...

Oh, yes, it is true, and completely so, with regard to the question that was asked in the original post, but you were kind enough to touch on two other questions that were not asked by the OP but that are no doubt of general interest to other readers.

  1. Bring foreign cash into Thailand: no limit.
  2. Bring foreign cash into Thailand and later take the equivalent of USD 10,000 or more out again: no limit, but declare to customs on arrival and get a certificate.
  3. Bank transfer to an account in Thailand: no limit and no legal requirement to make a statement to the Thai bank about how you intend to use it.
    In compliance with anti-money-laundering laws, however, many remitting banks require an indication of the purpose for the remittance, and for the same reason the receiving bank in Thailand can optionally make such inquiry.
    In Thailand, one can optionally request the Foreign Exchange Transaction Form from the receiving bank for inward remittances equivalent to USD 20,000 or more, which can be useful if and when one wants to remit the money out of Thailand again at a later date, or where proof of foreign provenance of the funds may be required for a particular type of investment in Thailand.

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Maestro

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Not in Thailand.

...

www.bot.or.th/English/ForeignExchangeRegulations/FXRegulation/Pages/ExchangeControlLaw.aspx

c. Currency Regulations 1) Foreign Currency

Foreign currencies can be brought into Thailand without limit. Any person receiving foreign currencies from abroad is required to sell such foreign currencies to an authorized financial institution or to deposit them in a foreign currency account with an authorized financial institution within 360 days from receipt, except foreigners temporarily staying in Thailand for not more than three months, foreign embassies, and international organizations.

Foreign exchange purchase or hedging with authorized financial institutions is generally available where a genuine underlying current or capital transaction exists.

2) Local Currency

There is no restriction on the amount of Baht that may be brought into the country. A person travelling to Thailand's bordering countries including Vietnam is allowed to take out Baht up to 500,000 Baht and to other country up to 50,000 Baht respectively without authorization.

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Maestro

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But most countries have a limit on how much you can take out.

But most countries don't have a Bangkok airport, do they? I know the OP did not mention the county but he did mention BKK airport, and this is only in Thailand.

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Maestro

Correct but, legally, you can only bring in what you are allowed to take out from your home country or the source country of the money.

Either way it's probably not a good idea to waltz around airports carrying a sizeable wedge in your bag, assuming you are bringing it carry on. You could always put it in your check in baggage and pray to the God of good boy baggage handlers.

Why is this tread in the Real Estate section???

Well I'd hazard a guess the OP plans to convert the cash to real estate.

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