Bank of Thailand Further Relaxes Foreign Exchange Controls for Outbound Investments
The Bank of Thailand (BOT) has amended foreign exchange (FX) controls, as part of its roadmap toward a “new Thai FX ecosystem,” to further relax limitations and restrictions on outbound investments remitted by investors in Thailand. This latest move follows a prior relaxation of foreign trading and exchange regulations in November 2019. The new developments primarily relate to the thresholds for outbound investment, types of foreign investment products that investors may participate in, and foreign currency deposit accounts. These are detailed below. Outbound Investment Thresholds The new measures ease the individual and group limits for outbound investment as shown in the table below. Types of Investment Products The previous FX measures allowed investors to process FX transactions for investment in various types of inbound and outbound products; however, inbound products were limited to only debt instruments (e.g., bonds and structured notes) issued in foreign currency. The new FX … Continue reading Bank of Thailand Further Relaxes Foreign Exchange Controls for Outbound Investments