IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 07 Jun 2013 | Removal date: 06 Dec 2013
Still in force

Import-related non-tariff measure, nes

 On 7 June 2013, Thailand's Ministry of Finance released a notification whereby foreign commercial banks were invited to apply to setup a subsidiary in Thailand. Approval to setup such subsidiaries will be give to a maximum of five foreign commercial banks and such approved subsidiaries are permitted to open 20 bank branches and 20 off-premised ATMs in Thailand.
 
The subsidiary must have a minimum paid-up registered capital of Baht 20 billion and must meet, among others, certain conditions and standards set by the Ministry of Finance regarding the expertise of the banks and must belong to a country that has significant business relations with Thailand.
 
Foreign banks could submit applications for this measure between 2 July and 30 December 2013.

AFFECTED COUNTRIES

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