Prior to purchasing their own condominium units in Thailand or registering a lease on a land, foreigners are required to adhere to several requirements. One of these is the condition that the money used to pay for the purchase price must originate from an offshore source in the form of foreign currency. This is in line with the government’s financial policy of encouraging the influx of foreign currency into Thailand. Payment from an off-shore source may be proven through the presentation of a Foreign Exchange Transaction Certificate. The document can usually be issued by the local correspondent bank the same day as receipt of funds. The form is then presented to the officer at the land office where ownership of the condominium unit shall be registered. Failure to present such evidence will prevent the registration of the property, thereby barring the transfer of ownership in favor of the purchaser. Note should be taken that it is also required that any and all foreign exchange transactions occur within the country in order to obtain the ‘FET.’ Foreign residents possessing Permanent Residence Certificates are exempted from any foreign funding requirements.