The Thai government has intensified its regulatory campaign against foreign nominee arrangements, resulting in an 81.77% reduction in such registrations. Under the direction of Minister Anutin Charnvirakul, officials have taken decisive action against entities operating in violation of local ownership laws. Authorities have successfully frozen or seized assets valued at more than 20 billion baht, which include various corporate holdings, residential condominiums, and land parcels. This crackdown aims to enforce stricter compliance with national business regulations, targeting thousands of companies that were previously identified as high-risk. The government continues to monitor the sector to ensure that foreign business activities align with established legal frameworks, marking a substantial shift in the oversight of international investments within the country.
Source : Thai Examiner
