This nominee crackdown, while legal and enforcing the law, will bring much potential investment into Thailand to a virtual halt. All those business creators will evaluate whether or not their potential Thai partners are worth working with. Especially given that there maybe very few Thai partners willing, or able, to invest funds in the proposed venture. Next up is the property market, villa developers and real estate agents must be struggling as potential foreign buyers are scared away by this government crackdown on nominee shareholders. Who, as a foreigner, will be willing to invest in Thailand. This will be to the detriment of the country? What about all the Thai employees in the timber company stated in the OP? Clearly, the company has stopped trading if all their IT equipment and documents have been seized. Thailand needs to change laws to encourage investment. I have heard for at least 10 years, many Thais state "setakit mai dee". Or "economy no good".
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