Documentation Required for Application for a Substitute License to Operate an International Money Transfer Agency Business

 The application for a substitute license to operate as an international money transfer agency requires the following documents and evidence:

1. Two original copies of the prescribed application form, signed by an authorized signatory and stamped (if applicable). The documents can be downloaded from www.bot.or.th.
2. A certificate from the Ministry of Commerce, which is no more than six months old from the date of application. This must certify the list of authorized directors, registered capital, and office location. One original copy of the certificate is required as evidence for consideration. If the applicant cannot present the original, for convenience in presenting documents during the application, two copies can be submitted, signed and stamped (if applicable) by an authorized person.
3. One original copy of a letter reporting the loss of documents, signed and stamped (if applicable).
4. A permit and acknowledgement letter (only for those who have previously been notified of changes in their legal status, company name, business name, change of registered address or relocation of the business place). One original copy of the letter is needed.
5. A letter of authorization to submit the application and sign the bilateral record in cases where the application and supporting documents are not complete or accurate, along with copies of the ID card or passport of the grantor and the grantee (in case the authorized person cannot submit the application in person). One original copy of this letter is required.

Source: Bank of Thailand

Tel. 1213

Last Updated: June 29, 2023