The Thai government is implementing stricter measures to curb the use of Thai nominees in foreign-controlled businesses, with new rules taking effect on April 1. The Department of Business Development has introduced additional registration requirements to ensure that shareholders have genuinely invested their own funds and are not assisting foreign nationals as nominees. Businesses with foreign shareholding below 50 percent are required to provide financial evidence from Thai shareholders to verify investments. The crackdown aims to prevent unfair business competition and strengthen confidence in Thailand’s economy. Persistent attempts to bypass the rules will result in criminal investigation and penalties.
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