LEGALBackground
Nominee crackdown cuts new registrations 75%
Thailand's Commerce Ministry reported a 75% drop in new nominee-risk business registrations after tightening pre-registration checks, cross-referencing shareholder data with welfare card holders and mule accounts. Post-registration reviews now also cover companies that change shareholders or directors, requiring written investment explanations and three months of bank statements.
Context — no action needed.
Part of an ongoing situationCrackdown on foreign nominee businesses and property17 developments →