Over 1,000 detained in Thai nominee crackdown on foreign businesses

[Liverpool Lou]

1 hour ago, ronster said:

I'm guessing the Thai people are the nominees put in place by the lawyers , wonder how many lawyers and people working in land department etc were picked up 🤔

A similar article a few days ago on the same subject reported that the lawyers were being investigated also.  Without launching investigations every time into every similar property transaction how are the staff in the Land Dept. supposed to know the status of the Thai partners on the legal documents presented to them?

[Liverpool Lou]

1 hour ago, MPXX said:

it seems that Thai government encourages Thai nominees to rat on foreigners (not only granting them immunity but for a financial gain as well) They are going after foreigners really...

No, that does not seem to be the case at all, the Thai nominees are being investigated also.  Nowhere has it been reported that they have been given immunity for their illegal involvement.

[Liverpool Lou]

1 hour ago, chilli42 said:

Yes, true these companies are breaking the law but mostly are not involved in activities that are illegal. I believe they mean that the authorities are after those businesses that are engaged in illegal activities.

Those companies are involved in illegal activities by having unconnected Thai nominees that, effectively, give land ownership to foreigners, that's illegal!

[Roo Island]

1 hour ago, Kinok Farang said:

Taken for granted he's dumb,he's a Yank isn't he?

Talk about dumb.

[Roo Island]

1 hour ago, Liverpool Lou said:

Er, as long as the company has legitimate Thai shareholders, not nominees, and is operating a business and was not incorporated for the sole purpose of providing a foreigner with land ownership.   "Nominee directors/shareholders" normally refers to shareholders who have no connection with the foreigner and never will have any dealings with him or the company.

Exactly. My accounting company changed nominees years ago. Only have 2 now. My wife and her mother.

 

https://www.lexology.com/library/detail.aspx?g=5a082e8a-b8b1-40eb-a495-e8cf6022bd29

 

Thailand’s Upcoming Legislation to Allow More Foreign Condo Purchases, Extend Land Leases: Key Insights

[metisdead]

A post trolling about Trump has been removed.

[JoePai]

1 hour ago, Liverpool Lou said:

Er, as long as the company has legitimate Thai shareholders, not nominees, and is operating a business and was not incorporated for the sole purpose of providing a foreigner with land ownership.   "Nominee directors/shareholders" normally refers to shareholders who have no connection with the foreigner and never will have any dealings with him or the company.

555 I cannot imagine a situation where Thais have put money into the 'business' and bought shares for a foreigner to enable him/her tobuy a house

[JoePai]

1 hour ago, chilli42 said:

Yes, true these companies are breaking the law but mostly are not involved in activities that are illegal. I believe they mean that the authorities are after those businesses that are engaged in illegal activities.

LOL, so you have different definitions for breaking the law ?

[AustinRacing]

So selling dildos poses a national security threat? 

[Drumbuie]

3 hours ago, thairookie said:

Why did the Email headlines pick up the 3 Britons ?

 

Why not "Chinese detained in Thai nominees crackdown on foreign businesses" since Chinese is represented by a much larger figure ?

Possibly because ASEAN News is published in English? 

[AhFarangJa]

What a shame they cannot sort out all the terrible driving, and law breaking on the roads with the same zeal. It might reduce the death toll significantly. 

[Cabradelmar]

0 Russians? I demand a recount 😂 

[Mavideol]

and NOT ONE Russian on the list .... ROFL 555

[MangoKorat]

9 hours ago, webfact said:

These individuals were implicated in businesses registered by Thais acting as proxies for foreign nationals, despite restrictions that reserve certain business activities for Thai citizens.

I'm aware that there is a list of jobs that are reserved for Thai nationals but businesses?

[transam]

8 hours ago, MalcolmB said:

A lot of the bars that pimp out the girls have Brit “owners”.

I assume they have a Thai front person for the paperwork. And assume that they are not structured with a company? 
 

Thailand, the Land of Loopholes.

You are obviously in the know...............😘

 

[transam]

1 hour ago, AhFarangJa said:

What a shame they cannot sort out all the terrible driving, and law breaking on the roads with the same zeal. It might reduce the death toll significantly. 

Different police department, ol' chap.........🙄

I hope you haven't bought a house via a company............😱

[Chris Daley]

Are you sure about the Chinese and Japanese.  Just saying.

[RichardColeman]

Makes us europeans look very honest as the arrests are 99.5% asian !

[ericthai]

12 hours ago, Tropicalevo said:

So the scaremongers who that said foreign home owners will be sorry, were wrong.

As mentioned in the original articles, the authorities are after nominee businesses operating illegally.

yes, it's ok until it ain't, kind a like what they are doing now with the business. 

[ericthai]

10 hours ago, JoePai said:

Err  foreign home owners with a company that have Thai nominees are businesses operating illegally !

really?  what product or service is the business providing? None! so it's not a real company it's only opened to get around foreign land ownership!

 

 

[ericthai]

9 hours ago, ronster said:

I'm guessing the Thai people are the nominees put in place by the lawyers , wonder how many lawyers and people working in land department etc were picked up 🤔

dont need to guess it's says in the article, 714 Thais 

[stevenl]

11 hours ago, thairookie said:

Why did the Email headlines pick up the 3 Britons ?

 

Why not "Chinese detained in Thai nominees crackdown on foreign businesses" since Chinese is represented by a much larger figure ?

Because Chinese are not reading this forum 

[Frankie baby]

He called upon Thai citizens to act as proxies to cooperate with police, allowing them to be treated as witnesses.

 

Their you have it, the get out of jail card for the Thais.

[Ironmike]

Must be OK for the Russians to set up businesses here In. Phuket like taxi driving, hair salons, massage, bar girls, tour companies, building, real estate and the list goes on and on, but no mention

[JoePai]

9 hours ago, ericthai said:

really?  what product or service is the business providing? None! so it's not a real company it's only opened to get around foreign land ownership!

 

 

Really, well done and go to the top of the class  🤣

[thairookie]

Russians property agents are everywhere in Pattaya, holding themselves out as marketing analysts.

 

Come on, Ministry of Commerce.

[thairookie]

21 hours ago, Liverpool Lou said:

A similar article a few days ago on the same subject reported that the lawyers were being investigated also.  Without launching investigations every time into every similar property transaction how are the staff in the Land Dept. supposed to know the status of the Thai partners on the legal documents presented to them?

 

The Ministry of Commerce needs to work with the Lawyer's Council of Thailand.  The Committee of Professional Ethics must now include a new regulation to suspend the practicing certificates of errant lawyers involved in registering such companies.

 

The lawyers are the ones touting the "loopholes" when there is no loophole to begin with.

[metisdead]

A post with a vulgar trolling comment and a reply has been removed.

[lavender19]

Bit racist that headline. What about the 700 plus Thais and the 200plus Chinese 

[ericthai]

13 hours ago, JoePai said:

Really, well done and go to the top of the class  🤣

yes, I have dumb moments..