LEGALBackground
31 Chiang Mai firms raided, 5 foreigners arrested in nominee crackdown
Thai police raided 31 companies in Chiang Mai, arresting five foreigners suspected of using Thai nominees to control businesses illegally. One jailed foreigner was found listed as a director and shareholder in eight of the raided firms. Expats involved in businesses should review their shareholder structures to ensure compliance.
Context — no action needed.
Part of an ongoing situationCrackdown on foreign nominee businesses and property17 developments →