Documentation Required for Applying for a License to Operate as a Foreign Currency Broker

 To apply for a license to operate as a foreign currency broker, the following documents are required:

1. Two original copies of the prescribed application form, signed by an authorized person and stamped (if applicable). This applies to both entities registered in Thailand and entities established under foreign laws. The form can be downloaded from www.bot.or.th.
2. Two copies of your business plan and project.
3. Two copies of proof that your customer service system is appropriate, reliable, and capable of sustaining the business operations. It should also show an effective internal control process and risk management from an independent and knowledgeable external auditor.
4. Two original copies of a letter certifying the qualifications of the controlling director, the executive director, the manager, the managing partner, or the authorized person. This should confirm that they do not possess any prohibitive characteristics.
5. Identity documents of the directors, managers, partners, or persons authorized to manage. This includes the National ID card for Thai nationals, or a passport for non-Thai nationals, of which one original copy is needed. This is specific to entities registered in Thailand. If the applicant cannot present the original document, for convenience, they may submit two copies.
6. Two original copies of a letter certifying the knowledge and experience of the directors authorized to bind the company or managing partners, as prescribed.
7. An original copy of a certificate from the Ministry of Commerce, not more than 6 months old, validating the list of directors or partners, the authorized signatory, or the managing partner, registered capital, and location, depending on the case.
8. The latest shareholder list certified by the Ministry of Commerce, not older than 6 months from the application date (applicable to limited companies or public companies). One original copy is required.
9. Certified copy of the latest financial statements (if any), 2 copies
10. Copy of location map, photographs showing the location, and photographs of the interior of the business premises or contact point in Thailand, 2 copies
11. Copy of location map, photographs showing the location, and photographs of the interior of backup operation site and overseas business premises (if any), 2 copies
12. Certificate of Qualifications of the person responsible for operations in Thailand, certifying that they do not possess any prohibited characteristics, as per the specified form, 2 original copies
13. Identification document of the person responsible for operations in Thailand, such as a National Identification Card for Thai nationals or a passport for non-Thai nationals, 1 original copy
14. House registration, certificate of domicile in Thailand, or evidence of permission for temporary entry into Thailand under the immigration law of the person responsible for operations in Thailand, 1 original copy
15. Certification of knowledge and experience of the person responsible for operations in Thailand, as per the specified form, 2 original copies
16. Copies of documents from foreign governments or agencies certifying that the applicant is a legal entity established under foreign law, 2 copies.
17. Copies of documents from a foreign government or regulatory body showing that the legal entity, established under foreign law, has been conducting business as a foreign currency broker, providing electronic transaction matching services or foreign currency exchange between customers, in the country where the government or regulatory body is located, and has been under continuous supervision of the government or regulatory body for at least 3 years up until the application date, 2 copies
18. Letter of authorization or appointment of a representative to be responsible for operations in Thailand on behalf of the legal entity, issued by the person authorized to sign on behalf of the legal entity, 1 original copy and 1 photocopy
19. Certified copies of the financial statements for the past 3 years up until the application date, 2 copies
20. Copies of the location map, photographs showing the location, and photographs of the interior of the business premises or contact point in Thailand and the overseas business premises, 2 copies
21. Copies of the location map, photographs showing the location, and photographs of the interior of the backup operation site (if any), 2 copies
22. Original alien business operation license, 1 copy
23. Certificate of the statement held by the registrar of the Ministry of Commerce, certifying the alien business operation license number, the name of the licensee, the permitted business, the person responsible for operations in Thailand, and the location of the business premises in Thailand, 1 original copy
24. Letter of attorney for submitting the application and signing the bilateral record in case the application and supporting documents are not correctly completed, along with a copy of the National Identification Card or passport of the person giving and receiving the power of attorney (in case the person authorized to sign does not apply in person), 1 original copy.
    Source: Bank of Thailand

Data updated on June 29, 2023

Tel. 1213