LEGALBackground
Thailand probes 36,277 foreign-owned firms for nominee land holdings
The Department of Business Development (DBD) has forwarded details of 36,277 foreign-owned legal entities holding land and property in Thailand to enforcement agencies for further investigation as part of a crackdown on nominee businesses. The data includes shareholding patterns and land plots, with authorities set to verify compliance with investment promotion conditions. Expats involved in such structures should review their ownership to ensure legitimacy.
Context — no action needed.
Part of an ongoing situationNationwide crackdown on foreign nominee businesses20 developments →