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Thailand: 5 measures to relax capital outflow controls: A challenge of baht rise may continue.

Thai Press Reports

Section: General News - The Ministry of Finance conferred with the Bank of Thailand on September 21, 2010 and came up with new relaxations on capital outflows. These new rules will allow Thai businesses and individuals to expand their investments into foreign markets. These new relaxations include: 1. Businesses and individuals may invest abroad in real estate up to USD10 million per year.

2. They are also now allowed to open foreign currency deposits with local banks in no obligation account at balances of up to USD500,000.

3. Businesses may lend up to USD50 million per year to non-affiliated companies abroad without prior governmental permission.

4. …

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