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Originally Posted by AntRobertson  Quote: |
So in other words you can now buy a condo from money in Thailand and have it in your name?
| Pretty much the sum of it, yep. Previously you had to show that the money had been brought in from overseas ("certificate of remittance of funds"). Quote: |
I thought that you were unable to take the money back overseas if you did that. Can you now?
| Sorry you've lost me there, you mean after you've sold the unit? There's no restriction on moving the money in any event that I'm aware of (other than exchange rate losses and the like which are par for the course anyways). |
I thought that if you wanted to move the proceeds of a condo sale back out of the country you had to have ceritified that you'd used proceeds transferred from abroad to buy it originally? I thought that was the whole purpose of getting the certification in the first place.