LEGALBackground
Phuket raids probe 100 firms using naturalised Thai shareholders
Authorities in Phuket are investigating over 100 companies with total revenues of 5 billion baht that allegedly used naturalised Thai citizens as nominee shareholders. This is part of a broader crackdown on 361 firms suspected of circumventing foreign ownership laws.
Context — no action needed.
Part of an ongoing situationCrackdown on foreign nominee businesses and property16 developments →