Open Bank Account
in Thailand
Our Service
Opening a Thai bank account online offers several benefits,
but foreigners often find themselves having a difficult time opening one or are unsure of what they need to be eligible
for an account.
Available Bank Account Types for Foreigners
Foreign Currency Deposit (FCD) Accounts
Selected banks (see available bank below) offer FCD accounts for non-residents, allowing you to hold funds in foreign currencies without immediate conversion to Thai Baht.
Savings Accounts
Selected banks (see available bank below) accept non-residents to open savings accounts, though requirements may be stricter with minimum deposit
Available Banks that accept
Non-Resident to Open Bank Account
*Minimum Deposit is vary on each bank regulations
and bank types.
Please don't hesitate to contact Unique Prime Thailand
for more accurate information.
Benefits of having Bank Account in Thailand
01
Investment Flexibility
-
Seamless Transfers: Facilitates easier management of funds for local investments.
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Currency Options: FCD accounts allow holding funds in multiple currencies, aiding in currency exchange management.
02
Lower Transaction Costs
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Avoid International Transfer Fees: Reduces the cost of transferring funds to and from Thailand.
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Local Payments: Enables you to pay local suppliers, partners, and services directly, saving on currency conversion fees.
03
Interest and Account Benefits
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Interest-Bearing Accounts: Some savings accounts provide competitive interest rates.
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Investment Products: Access to various investment options like bonds and mutual funds offered by local banks.
04
Ease of starting, managing a business and Investment Transactions
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Streamlined Business Operations: Having a local bank account simplifies routine business activities, making it easier to pay employees, suppliers, and service providers within Thailand without international transaction delays.
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Efficient Tax Management: Local bank accounts provide streamlined access to tax payments and financial reporting, allowing you to manage tax obligations more effectively.
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Quick Investment Access: Enables easy entry into Thailand’s stock markets, mutual funds, and other local investment products, giving you flexibility to act on investment opportunities swiftly.
05
Security and Stability
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Banking Regulations: Thailand’s banking system is well-regulated, offering protections to account holders and ensuring the safety of funds.
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Currency Stability: A Thai bank account provides an option to hold funds in Thai Baht, offering stability and a safeguard against currency fluctuations in other regions.
05
Eligibility for Local Services
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Additional Banking Services: Gain access to other banking services like loans or credit facilities which may support business expansion or personal finance needs.
Comparison
Type of Thai Businesses
Difference Between
E-2 and EB-5 Investors Visa
Type of Business | Briefly Details | Ownership Structure | Foreign Ownership Limit | Minimum Investment | Key Benefits |
|---|---|---|---|---|---|
Regional Office or Branch Office | Serves as a regional or additional office by foreign headquarter. | Foreign Ownership | 100% foreign ownership | THB 3 million
(approx. USD 85,000) | Restricted in supporting, operating and business activities
For example, FTA manufacturing company, trading company |
Representative Office | Limited to non-revenue generating activities.
For example, economic office by foreign government | Foreign Ownership | 100% foreign ownership | No Minimum requirement under eligibility | Restricted to specific non-trading activities. |
BOI Company | Granted incentives by the Board of Investment in selected busisness | Flexible ownership, based on activity and industry | Allows 100% foreign ownership under conditions* | No Minimum requirement | - Tax incentives
- Work permit for foreign workers
- Tech support/ subsidy
|
Thai Limited Company | The most common type, suitable for
- SMEs
- Large companies/ Corporate | Minimum 3 shareholders required | Max 49% for foreigners | THB 2 million for foreign businesses (approx. USD 55,000) | Limited liability; often preferred for various sectors. |