LEGALBackground
Phuket probes 100 firms using naturalised citizens as shareholders
Thai authorities are investigating over 100 companies in Phuket with combined revenues of 5 billion baht that used naturalised Thai citizens to circumvent foreign ownership restrictions. The crackdown follows police raids and includes checks on 361 firms total.
Context — no action needed.
Part of an ongoing situationNationwide crackdown on foreign nominee businesses20 developments →