TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

BUSINESS ALERT Bank of Thailand Changes Check Seal Requirement

Category: Real estate, Posted:14 Dec 2009 | 00:07 am

Here is an update for businesses and individuals having Thai bank accounts, the Bank of Thailand (BoT) has announced a new system requiring document submission by December 30, 2009. Under BoT reference 'ForRocChor (12) Wor. 123/2553 the use of seals and embossing will be replaced by a Check Cashing and Archive System (ICAS).
Customers need to contact and cancel their company seal as a condition for issuance of checks and withdrawals. The use of signatures remains the same. Companies will need to submit Director's Board Meeting Minutes. Company Registration issued within the 30 days and a copy of the ID or passport of the authorized signatories.
It's recommend to visit your bank as early as possible to confirm the process as there is a December deadline and the new ICAS system will be formally implemented in February 2010.

Other News

Read more

Go Ahead. Get Your Ya-Ya’s Out

Category: Tourism, Posted:17 Jan 2021 | 06:00 am Close your eyes. Go ahead. Remember a time when you were young. The magic as a kid, taking blankets, sheets, or even boxes and creating a fantastical tent or unique crazed getaway in the house. Letting your imagination go wild and take you on a journey to incredible places. Or pitching a tent in the […]
Read more

Is Thailand Ready For Legalized Gambling?

Category: Tourism, Posted:16 Jan 2021 | 13:38 pm Topping Thailand’s economic news are comments by the Prime Minister that he is willing to consider opening up gambling, according to the Bangkok Post. With the Thai economy struggling at funding an economic recovery process that has been under extreme duress by Covid-19, the question now will the pandemic be an accelerator of a long-lasting […]
Read more

Phuket’s World Class Creative Mad Metal Men

Category: Tourism, Posted:15 Jan 2021 | 09:15 am The Underwood Art Factory with its crazy, cool, innovative metal sculptures and fabrication is one of the island’s best global exports to some of the leading design hotels around the globe. Founder John Underwood’s long-term work with renowned design guru Bill Bensley has seen his work showcased in countless iconic locations and properties. The Underwood […]