My company is in tourism business more than 2 years already and we are seeking a chance to explore another business type through money exchange. Which I read on the website that the tourism company can also do a money exchange business in the same company. And if this is possible, can your firm assist to apply for the money exchange license? What are the procedures and how long can we get the license?
Panwa: Yes, you understood correctly, you can use the same company for tourism business to also do the money exchange business as it is one of the requirements of the company that has a foreign shareholder. Please also make sure that the company has Baht 10 million capital with fully paid up to be able to apply for money exchange license . Moreover, we can assist you to apply for the money exchange license, which the steps are as:
- Before apply the license, your company has to add the business objective for money exchange business first at the Department of Business Development.
- Your company can apply for money exchange license at the Bank of Thailand following the specific application period; March, June, September and December
Moreover, the processing time for applying money exchange license is around 4 months.
Related topic:
Add business objective – Click here
Apply for money exchange license – Click here
For more information, please feel free to contact us:
Phones: +66 2 933 9000
Whats'app: +66 81 919 6225 (Mr. Tana Sipa)
Email: bkk@panwa.co.th