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Transfering Minimum Amount To Thailand For Property Purchase

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Normally this wouldn't be an issue but since property prices have fallen recently ...

When purchasing a condominium in Foreign title holding, the foreign purchaser must bring in 100% of the funds from overseas in a foreign currency and will need a Foreign Exchange Transaction Form (FETF) from a Thai bank.

It looks like the minimum amount for an FETF is $50000 (according to the sticky topic in this forum). But if the condo is just $30000 (e.g. a Park Lane one bedroom in Jomtien ...), will the foreign purchaser still have to transfer $50000?

No, the bank will just provide a slightly different form.

  • Author

Thanks for the answers.

Is there any practical advantage of the FETF versus the "slightly different bank form"?

No, and it's not an option anyway. You get what you are given and it all depends on how much you transfer (<>USD50k).

  • Author

Thanks!

Is it possible to combine two "forms". Let's say 15k dollar from the US and 15k Euro from a European bank?

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