Legal Services & Resources 

Thai Authorities are cracking down on corporate nominees for which Americans who wish to do business in Thailand need not worry about as the US-Thai Treaty of Amity allows Americans to own their business 100%.

The issue of nominees is a priority of the Thai Government as seen by the MOU between the Government and some agencies to tackle certain activity aimed at preventing Thailand from being used as an economic crime base.

Thai Authorities are carrying out an anti-nominee crackdown, which coupled with fake lawyers and law firms that operate irresponsibly, could result in businesses facing serious charges.

Thai Law Enforcement is seriously cracking down on the issue of nominees being used to set up corporate structures as a means of buying land as seen by the crackdowns in the EEC.

Thai Authorities are seriously looking into the issue of nominees, whereby the Thai shareholder and the legal witness for EEC companies will be required to sign documents confirming the source of funds.

Thai Authorities are investigating nominee usage in the EEC during which it was discovered that in some instances, Law Firms themselves were the "bad actors" in the deals which could compromise national security.

Setting up a company in Thailand using the correct legal structure is the only way to avoid issues that could occur if investigated by authorities who are presently cracking down on illegal company setups in the EEC.

The issue of tax on foreign income remitted into Thailand is of concern to most expats, especially those who use WISE which is undergoing some changes which may have an impact on some people.

It appears that Thailand has agreed to exchange financial data and transactions with tax authorities in other jurisdictions seemingly to prevent the concealment of income sources, which is actually not their business.

Tax issues Tax in Thailand are becoming more stringent especially with regards to foreigners purchasing condos whereby buyers must also prove that the money is in fact their own money.