Contacts with banks in Thailand are necessary for the business owner looking to operate a business or invest in the area. Besides the capital city of Bangkok, you'll find bank locations throughout Thailand. Banks offer global corporations and citizens from abroad specialized services to accommodate the transition into an international market. The Bank of Thailand sets the rules for international trading, foreign investments and exchange rates for banking. Bank accounts tend to have low interest rates and a simple transaction process for foreigners and global businesses.

Citizens from abroad can choose to open a savings, business or foreign currency deposit account. A work permit, passport with valid visa and letter of recommendation are usually required. Follow government restrictions regarding investing and foreign exchange in Thailand. Commercial banking requires business professionals to be aware of their rights and responsibilities.

Business professionals comparing options for commercial and corporate banking in Thailand need to consider:

1. Regulations concerning commercial banking in Thailand.

2. Nationwide banks in Thailand that provide business accounts.

3. International banks that offer your business trade and investment options.

Action Steps
The best contacts and resources to help you get it done

Gain essential knowledge of business banking in Thailand

Business owners from abroad can review banking regulations at the Thailand government website. Also evaluation options for global merchant services available at banks in Thailand. Corporate banking in Thailand is easier than ever due to the expansion of the international business community.

I recommend: Download guides and forms for investors on opening a business from Thailand Board of Investment. TISCO bank provides specialized corporate banking services for global companies.

Choose commercial banking in Thailand

Banks in Thailand have e-commerce services to assist commercial bank clients with standard merchant transactions. Compare features such as currency exchange, business loans and lines of credit offered by various banks in Thailand. Banking institutions in larger cities offer you access to English-speaking bank personnel.

I recommend: Consider the United Overseas Bank, which offers business e-commerce payments to retailers or the government via cyberbanking. View an extensive list of commercial banking services available at Bangkok Bank.

Investigate services provided through global institutions with branch banks in Thailand

Check to see if your current international bank offers services in Thailand. Most international banks provide online access and banking by phone anywhere. Consider opening an account with a foreign-based bank in Thailand to avoid dealing with foreign exchange restrictions.

I recommend: Citibank Thailand offers investment products including deposits and mutual funds. HSBC Thailand is the best regional bank for international trade and provides contact with trade experts to discuss your business directives.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Banks in Thailand may require only a passport to open a savings account.