excellent rates and security
CURRENCY EXCHANGE & ESCROW
Samui Law Firm offers very competitive foreign exchange rates, via a dedicated client ‘escrow’ account, on most currencies around the world, when you’re transferring funds from a foreign country for business creation, retirement, marriage, professional services, semi-permanent relocation and/or a property purchase in Thailand.
Providing you’ve engaged us for any of the aforementioned services, we can provide excellent exchange rates compared to a normal bank transfer.
The process is seamless and informative through our Client Management System [CMS]. Our CMS tracks your exchange rates, as well as all credits and debits, providing real-time tracking on each and every transaction and on demand statements.
Further information and some recent client transactions can be viewed on the right so you may compare the outcome:
By transacting through our dedicated client/escrow account, you will qualify for a FT [Foreign Transfer] Form from the Bank of Thailand, meaning you should have little/no trouble repatriating your funds to the country and account of origin when/if you on-sell your investment.
Note: to qualify for an FT Form, the foreign currency transfer [to our client/escrow account] must be:
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- in excess of 50,000 USD [or equivalent in another foreign currency] and,
- funds must arrive in our client/escrow account in foreign currency NOT converted into Thai baht.
In the interests of full disclosure, Samui Law Firm does charge a handling fee for each/every foreign currency or Thai baht credit and/or debit that is transacted through our dedicated Client/Escrow Account. This allows us to maintain the account with dedicated staff, daily reconciliation and immediate balances and statements to our clients. The fees we charge are as follows:
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- 3,000 THB for each/every foreign currency conversion and
- 750 THB for each/every Thai baht credit and/or debit
However, as you may see from the examples [David & Maggie] provided below, our fees can/should be easily offset by the excellent exchange rates we negotiate on your foreign currency conversion.
David transferred 310,000 AUD into our client/escrow account for a property transaction in Koh Samui, and the exchange rate difference between David’s Australian bank to our client/escrow account was:
The Spot Rate on the day of exchange was:
26.48 THB [per AUD]
David’s Australian Bank offered:
25.64 THB [per AUD]
Our Client/Escrow Bank offered and confirmed:
26.15 THB [per AUD]
As a result, David received an additional 158,100 THB transacting through our client/escrow account and, the additional funds were sufficient to cover his legal fees for the property transaction!
David transferred 675,000 USD into our client/escrow account for a property transaction in Koh Samui, and the exchange rate difference between David’s Australian bank to our client/escrow account was:
The Spot Rate on the day of exchange was:
33.56 THB [per USD]
Maggie’s American Bank offered:
32.83 THB [per USD]
Our Client/Escrow Bank offered and confirmed:
33.41 THB [per USD]
As a Result, Maggie received an additional 391,500 THB transacting through our client/escrow account and, the additional funds were sufficient to cover her legal fees, visas, permits and licenses for the company acquisition!
24675
COMPLETED JOBS
1642
SATISFIED CLIENTS
284
REGISTERED COMPANIES
197
PROPERTY TRANSACTIONS
Trusting us to deliver
FEATURED CLIENTS
Client loyalty remains an ever-present challenge to any business however, Samui Law Firm has managed to maintain many long-term client relationships which were forged in the year of our inception; 2013.
Even during the economic crisis caused by COVID-19, most of our clients are equipped with the tools, information and support to weather the storm. Achieved by adopting alternative strategies, maintaining cashflow runway and identifying new markets!
