Which banks can expats with a DTV visa open an account in Thailand?

CIMB bank ok

Main requirements for establishing a bank in Thailand:

1. Licensing:

- Must obtain a commercial banking license from the Bank of Thailand (BOT)

- Need approval from the Ministry of Finance

2. Capital Requirements:

- Minimum registered capital of 20 billion Thai Baht (approximately $570 million USD)

- Must maintain adequate capital ratios as per BOT regulations

3. Legal Structure:

- Must be registered as a Public Limited Company under Thai law

- At least 75% of total issued shares must be held by Thai nationals, unless specially permitted by the BOT

4. Management Requirements:

- Board of directors must have Thai nationals comprising at least 75% of the board

- Key executives must have relevant banking experience

- Must pass BOT's fit and proper criteria

5. Operational Requirements:

- Detailed business plan

- Risk management framework

- IT systems meeting BOT standards

- Anti-money laundering (AML) procedures

- Know Your Customer (KYC) systems

6. Documentation:

- Feasibility study

- Financial projections

- Corporate governance policies

- Operational procedures manual

trial and error… success chance very low with most bank branches… you could use an agent but its often expensive and i would call it sketchy as its not a normal way of opening the account. some banks even request 20-30k baht to open an account if at all. its just one crackdown away from getting shut down. same as they did with the house owners and nominees recently. its good until its not. ;)

I went through an agent

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