Thailand expands foreign property crackdown to condos
Thai officials are now scrutinizing 36,277 foreign-linked legal entities, including companies that own condominium units, in an expanding property crackdown. The probe targets nominee arrangements for land and condos across 16 provinces, with offenders facing forced sales, fines up to ฿1 million, and jail up to three years. Expats using company structures to bypass foreign ownership limits should review their holdings.
Part of an ongoing situation
Nominee crackdown on foreign-owned businesses (24 updates so far)
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