Legal Services & Resources 

The DBD is concerned about foreign companies using Thai nominees and are now also risk-screening which is not actually their function and could end up dissuading foreign investment coming in to Thailand.

There has been a shift in policy regarding nominees resulting in more scrutiny being applied to companies set up by foreigners whereby the focus will no longer be on legal form but on economic substance.

Thai Authorities are tackling the issue of using Thai nominees in business set ups especially in zones which are seen as hubs for foreign investment which could have a detrimental impact on the economy in a broad sense.

The use of nominees in corporate structures in Thailand is a serious issue resulting in heightened scrutiny which could result in companies being dissolved and criminal charges being made.

Thai Authorities are increasing scrutiny on corporations set up using nominees, whereby if land purchase is involved, they may be able to seize that land without paying any compensation.

A new system has come on line for business incorporation in Thailand whereby the screening process will include biometrics and data analytics which could put off foreigners who wish to invest in Thailand.

Thai Authorities are using AI in their crackdown on the use of Thai nominees to purchase property illegally and foreigners could face asset seizure and company closure if illegal setups were used to purchase property.

Some banks in Thailand have seemingly reduced their daily limit yet again which creates inconvenience for customers, especially when large payments have to be made, with their own money.

As a means to dissuade people from using nominees to set up businesses in Thailand, which is illegal, authorities are making the business registration more complicated which could put off foreign investment in Thailand.

Companies that operate under the Board of Investment are given certain concessions including ownership of land but only for the purposes of use related to the business, not for personal use.