I’m about to buy a condo but not sure if bringing cash from abroad is legal here.
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If you decide to bring in cash with you, make sure to remember to declare it at customs and keep the receipt the customs officer gives you. Once you bring in the money, the foreign currency exchange must be done in Thailand. You cannot use an offshore currency exchange service. However you decide to bring your funds into Thailand, make sure you have proper documentation. You need a Foreign Exchange Transaction (FET) certificate, or Foreign Exchange Transfer form for amounts exceeding the equivalent of $50,000 US dollars. The FET certificate is also sometimes called the Tor Tor 3 or TT3. The Thai bank that does the currency exchange can usually provide you with the FET certificate on the same day it receives the funds, but you may need to request the form. The FET form should note that the funds were transferred solely for the purchase of property in Thailand. Sample FET is here
Yes, but you should not forget to declare money for this purpose at Thai Customs when you arrive to Thailand. Thai Customs will issue a document to present to Bangkok Bank when converting foreign currencies. Banks do not accept large sums of money in foreign currency if there are no supporting documents from Thai customs.