Crackdown on properties owned thru shell companies ??

[kuma]

I have heard there is a new campaign to crackdown on properties bought improperly via shell companies and that Phuket is the first area they are focusing on, has anyone else heard of this ?

[KhunLA]

Nothing new about it, but does seem to be getting a bit of press, with more enforcement and scrutiny now.

 

Aside from the businesses that do that, for foreigners to have, more than a few folks do the same, when building, buying a home.

 

Personally never understood the logic of a large investment, made illegally, and risk of losing if & when caught.  Along with, not even having full control of that asset, as only allowed to own 49% of said company. as a foreigner, in most cases.