DBD forwards 36,277 foreign-owned entities' data for nominee probe
The Department of Business Development has forwarded details of 36,277 foreign-owned legal entities holding land or property in Thailand to enforcement agencies as part of a crackdown on nominee businesses. Authorities will investigate whether these holdings comply with investment conditions and look for evidence of nominee operations.
Part of an ongoing situation
Nominee crackdown on foreign-owned businesses (24 updates so far)
Sources
3 reports