Short answer: A Tor Tor 3 (Thai: ธ. ธ. 3), also known as a Foreign Exchange Transaction Form (FET), is an official document issued by a Thai bank that confirms money was transferred from overseas to Thailand in foreign currency, specifically for the purpose of purchasing a condominium.
What is a Tor Tor 3 form and why do I need it to buy a condo in Thailand as a foreigner?
A Tor Tor 3 (Thai: ธ.ธ.3), also known as a Foreign Exchange Transaction Form (FET), is an official document issued by a Thai bank that confirms money was transferred from overseas to Thailand in foreign currency, specifically for the purpose of purchasing a condominium.
This form is a legal requirement for any foreigner who wants to purchase and register a condo in their name under the foreign ownership quota. Without this form, the Land Office will not allow the registration of the unit in the buyer’s name, even if full payment has been made. The Tor Tor 3 proves compliance with Thai regulations concerning foreign investment and currency control, and it must be presented in its original form at the time of property transfer.