LEGALBackground

Phuket cracks down on 100 firms using naturalised Thai shareholders

ThaiRoundup3 sources

Authorities in Phuket are investigating over 100 companies with combined revenues of 5 billion baht that allegedly used naturalised Thai citizens as nominee shareholders to circumvent foreign ownership restrictions. A total of 361 firms are now under scrutiny in the widening crackdown.

Context — no action needed.

Part of an ongoing situationCrackdown on foreign nominee businesses and property17 developments →

Sources