We are interested to setup up company with money exchange services in Bangkok Thailand. Could you please give me some advice?

Panwa: For business of money exchange, the exchange license is required and must be applied immediately the said license, the Government has only 4 periods for apply, which are: March, June, September and December, and the officer take time to approve around 3 months.

Moreover, some of the important points that must be considered before applying exchange license are;
The shareholders and director must be individuals, and all must be Thai Nationality
The minimum capital required is 1 million Baht and fully paid-up capital 100%
The police record of the director, due to the officer will conduct a background check of the company’s director as below;

  1. The director shall not be tried before national court and shall not be subjected to any types of bankruptcy.
  2. Had not been sentenced by a special court’s final judgment and had not been imprisoned for an offence under the law of exchange.
  3. He/she has never been involved or has history of delinquency on the law prevention and suppression of money laundering.

Our service fee for apply “Exchange License” at Bank of Thailand is Baht 35,000.

*** The above service for applying license is exclude cost of company registration, so you can learn roughly for the guideline, required documents and provision cost of company registration at; https://www.companythailand.net/



Q1: The foreign company or Thai company who owned by foreigner for 49% will apply and hold “Money Exchange License” in Thailand, I focus to locate in Pattaya Area.



We would kindly like to inform that in substitution of the celebration of Visakha Bucha, we are taking some day off from our regular working schedule and we will not be working on June 5, 2023 (Monday). We will be back to work on June 6, 2023 (Tuesday).

For more information, please feel free to contact us:

Office: +66 2 933 9000

Whats'app: +66 8 5713 1000

Email: bkk@panwa.co.th


Address: 1560 Latphrao Road, Wangthonglang, Bangkok 10310, Thailand.