Every foreigner purchasing real estate in Phuket needs to understand that when they transfer money into the country of Thailand, a Foreign Exchange Transaction Form (FETF) is required for registration of ownership. The receiving bank in Thailand is fully aware of this form and will issue the FETF for the buyer so that they may present it to the Land Department on the day of transfer of ownership. This form must be kept safe by the buyer as it will also assist in transferring monies out of Thailand when the foreigner decides to sell the property.