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"Widespread Tactic of Foreign Businesses Using Nominees" in Thailand?
Transcript of the above video:
As the title of this video suggests, we are discussing yet again, nominee structures associated with corporations here in Thailand. I thought of making this video after reading a recent article from the Bangkok Post, bangkokpost.com, the article is titled: Politics addresses tourism roadblocks. Quoting directly: "Compounding these issues is the widespread tactic of foreign businesses using nominees, which prevents tourism revenue from fully circulating within the domestic economy."
So, I immediately sort of attached on to that tiny excerpt in the Bangkok Post because immediately in the back of my mind when I was reading that, I thought to myself, "oh man this is a really salient point", because immediately in the back of my mind I was listening to all the many, many times I've seen farangs either say in person or put in comments and things, "oh all the Thais care about is whether or not you are taking a Thai job."
No that's not what they're worried about. Work Authorization is taken seriously by the Thais because it comes down to the inherent ability of a native to be able to earn their own living here in their own country as opposed to some foreigner that comes in and sort of takes up sort of artificially within the country and causes problems concomitant thereto one of those being - and whether one agrees with this or not, this is the paradigm - one of those being is that money is being taken away from the locals by that foreigner being there operating in the first place. And yes, one could say, "well that is just all about taking a Thai job." No it's not about specifically just, "oh I'm a plumber; some foreign guy showed up, now he's taking my job." No it's about operating; it's about working in the country period. Only Thais have the unfettered right to work in Thailand; foreign nationals do not have that.
And as you can see from this article, this is not only being taken seriously purely in the context of work authorization itself, but now they are looking even more broadly at corporate structures being created in order for a foreign national to operate illegally, specifically for them to operate illegally, and to undertake a restricted occupation. The same could be said for things like legal work, accounting - as we have discussed in other videos - tax matters as well as and as it gets into in that article, again, Politics addresses tourism roadblocks, they get into it in the context of travel agencies etc., and tourism operators.
Again the view is, "hey this is Thailand. You're not work authorized in Thailand because it truly is reserved only for local nationals." Again it's not about specifically a Thai's job, it's about working in Thailand at all to begin with.
