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April 19, 2011

Opening of a Bank Account in Thailand by Non-Residents

Tilleke & Gibbins

Subject to the conditions prescribed by the Bank of Thailand, non-residents are generally allowed to open and maintain both Thai baht and foreign currency accounts with certain authorized agents in Thailand. Presently, 18 Thai commercial banks and 17 foreign bank branches are registered and authorized by the Bank of Thailand as authorized agents. This article examines the procedures.