Can Foreigners Transfer Money Out of Thailand After Selling Property?
If you’re a foreigner selling property in Thailand, one question almost always comes up:
“Can I send the money back home?”
The answer is yes — but it’s not automatic.
It All Starts With How You Brought the Money In
When you bought the property, did your funds come from overseas through a Thai bank? If yes, the bank should have issued a Foreign Exchange Transaction Form (FET Form).
This one document determines how smoothly you can move money out later.
Have the FET Form? You’re in Good Shape
- Bank allows transfer of sale proceeds abroad
- Funds convert back to foreign currency
- Remittance processed without major issues
This is the clean scenario — and exactly why lawyers recommend getting the FET Form right from day one.
No FET Form? Expect More Steps
If your purchase involved local transfers, cash, or unrecorded funds — the bank will ask questions.
You may need to provide your S&P Agreement, Land Office documents, and tax receipts. Even then, approval is case-by-case.
Don’t Forget Taxes
Before any transfer, taxes must be settled first:
- Withholding Tax
- Specific Business Tax (if sold within 5 years)
- Stamp Duty
The good news — these are handled at the Land Office on transfer day.
The Honest Reality
Most problems don’t appear when buying. They appear when selling.
Owners unable to transfer the full amount. Banks holding funds for weeks. Last-minute document requests.
Almost all of it preventable — with the right setup at the start.
Need Help?
We assist foreign sellers with document review, bank coordination, and full transfer compliance.
👉 Check your documents before you proceed. Contact us today.
Free Consultation with the Lawyer
Email: property@w-lawthai.com