The Bank of Thailand is allowing greater flexibility for non-resident companies to conduct foreign exchange transactions against the baht with domestic financial institutions under the non-resident qualified company (NRQC) scheme.
The move is an attempt by the central bank to liberalise onshore regulations related to capital flows and forge a new foreign exchange ecosystem, seen as part of the effort to stem baht appreciation.
Non-financial companies that have trade and direct investment in Thailand and participate in the NRQC scheme are entitled to the following benefits.
The first is companies can manage currency risks related to the baht more freely…
