Until recently, it was essentially illegal for wealthy Thais to transfer their money abroad to invest in foreign assets, but this did not stop the super-wealthy from doing so. The situation changed in December 2018, when the central bank, the Bank of Thailand (BOT), lifted decades-old controls over Thais moving their money overseas to diversify their personal portfolios. This opened the door for international private banks to step into the Thai wealth pool legally.
展开▼