Legal Services & Resources 

The Thai Board of Investment which has authority to approve concessions on certain businesses - including land ownership in some instances - is apparently now requesting even more documentation from businesses.

Using nominee companies to hold land in Thailand was possible in the past only due to the lack of capacity to analyze such structures which are illegal; not a loophole which is just an ambiguity in the system.

Authorities in Phuket are not only cracking down on illegal ownership of land and illegal hotels owned by foreigners, they are also looking at amending certain laws to encourage illegal operators to register their businesses.

Crackdowns on nominee structures in the South of Thailand, which has resulted in large amounts of assets being seized, indicates how serious the authorities are about this issue.

The Police in Thailand are continuing to be assiduous in cracking down on nominee shareholding arrangements which is seen by the ongoing inspections being carried out.

Digitization of Banking in Thailand is continues, which banks say, "will increase convenience", when in fact more paperwork and facial scanning is required, accounts are being suspended and scams still continue.

The Bank of Thailand is looking into stablecoins to move Baht digitally, even though Thailand already has that ability, which will likely interfere with people's livelihood and their ability to make transactions freely.

Tax as it pertains to expats continues to be of a concern, but unless tax documentation becomes a requirement for visa renewals, it is not yet necessary to be overconcerned about this.