LEGALNotable
Phuket cracks down on firms using Thai nominees
Thai authorities are intensifying a foreign-ownership crackdown in Phuket, investigating over 100 companies with combined revenue of 5 billion baht that allegedly used naturalised Thai citizens as shareholders to circumvent foreign ownership restrictions. This signals heightened enforcement risk for expats using nominee arrangements.
Worth knowing about.
Part of an ongoing situationNationwide crackdown on foreign nominee businesses12 developments →