LEGALNotable
Chiang Mai nominee crackdown: 31 firms raided, 5 foreigners arrested
Police raided 31 companies in Chiang Mai suspected of using Thai nominees to mask foreign ownership, arresting five foreigners and uncovering one jailed foreigner still listed as a director and shareholder. The crackdown confirms that nominee arrangements are being actively targeted, putting expat shareholders at risk of legal action and potential business or property losses.
Worth knowing about.
Part of an ongoing situationNationwide crackdown on foreign nominee businesses12 developments →