Can you prepare the FET form?

I downloaded your condominium unit sale agreement for the purchase of a foreign owned condo in Thailand. Among others the contract refers to a FET-form but I do not see this document in the zip. I received a total of 9 documents. Do you have this document as a sample or tempate?
Category: Other questions
Asked 11 years ago

Like it on Facebook, +1 on Google, Tweet it or share this question on other bookmarking websites.

No, a FET form (internal explaining link) or foreign exchange transaction form is issued by a BOT licensed financial institution inside Thailand. This would be the Thai bank when handling the exchange of a certain amount of foreign currency into Thai baht (used to be 20,000 USD, but is currently 50,000 USD or an equivalent in another currency).

Important for the purchase of a condo in Thailand

  • transfer the purchase price in foreign currency into Thailand.
  • in the transfer instructions include the message: for the purchase of condominium unit no. xx/xxx in ___specify name condominium___ Condominium by ___insert full (first/ last) name as shown in passport buyer__.
  • request from the receiving bank inside Thailand (the Thai bank that does the exchange from foreign currency into Thai baht) a Foreign Exchange Transaction form, or for lesser amount a confirmation letter of the foreign currency exchange.

Note: it is easier for the receiving Thai bank to issue confirmation letter of the exchange instead of the official FET-form.

Answered 9 years ago

Please register/login to answer this question.  Click here to login


Your cart is empty
thai house and ownership deeds and official land and house documents

Q&A land laws in Thailand

Thai contracts

Common questions about real estate, land ownership laws...

Read More

marriage and contract

Q&A marriage laws

Thai contracts

Common questions about marriage in Thailand

Read More

Q&A about lease

Thai contracts

Common questions about tenancy and lease in Thailand

Read More

Q&A about condos

Thai contracts

Common questions about condos and apartments in Thailand

Read More

Q&A limited company

Thai contracts

Common questions about limited company registration in Thailand

Read More

We have 27 guests and no members online

search thaicontracts

กฏหมายไทย isn’t simple!

Thai Contracts by real lawyers with real experience