https://www.khaosodenglish.com/featured/2025/10/27/over-100-companies-share-single-address-in-koh-phangan-probe/

 

Preliminary findings indicate suspicious land ownership valued at more than 152 million baht ($4.65 million), held by two Thai-registered companies in which Israeli nationals own 49% of the shares—the maximum foreign ownership allowed under Thai law.

 

Investigators discovered that another Israeli firm later purchased additional shares, creating a structure possibly designed to evade taxes and conceal true ownership while maintaining effective control beyond legal limits.

 

Surat Thani has been identified as Thailand’s second-highest risk area for nominee businesses. Investigators discovered that among 7,096 targeted legal entities nationwide, five Thai shareholders—one corporate entity and four individuals—were listed as shareholders in 256 companies based in Koh Phangan. More than 100 of these companies share the same registered office address, raising red flags about the legitimacy of these business structures.

 

I think the thai nominee party is over and I know who I am blaming for it.

Thousands of us will be caught up in this.

 

Plenty all over Thailand, Pattaya will hit the news sooner or later

1 minute ago, scubascuba3 said:

Plenty all over Thailand, Pattaya will hit the news sooner or later

Pattaya officials have always been a bit more relaxed and accepting of laws being bent than its greedier southern cousins.

 

There are a lot of Israelis behind condo projects in Pattaya but condos are more foreigner friendly.

 

Without foreign buyers I expect a nasty crash in villa prices in tourist areas. 
 

The attitudes and arrogance of the Russians and Israelis look like costing the rest of us a lot of money and less freedom.

They have crashed the party and now the police are closing the party down. 
 

The only way left to do it looks like being married to a Thai. 
And that to can be risky.

 

We are stuffed.

35 minutes ago, MalcolmB said:

Pattaya officials have always been a bit more relaxed and accepting of laws being bent than its greedier southern cousins.

 

There are a lot of Israelis behind condo projects in Pattaya but condos are more foreigner friendly.

 

Without foreign buyers I expect a nasty crash in villa prices in tourist areas. 
 

The attitudes and arrogance of the Russians and Israelis look like costing the rest of us a lot of money and less freedom.

They have crashed the party and now the police are closing the party down. 
 

The only way left to do it looks like being married to a Thai. 
And that to can be risky.

 

We are stuffed.

Not the people abiding by the Law.

Only the dodgy ones.

@MalcolmB What’s with the nonstop fixation on that island? Do you actually live there, visit there, or have you even ever set foot on the place? Or are you just sat somewhere bored out of your mind with nothing better to rant about every day? It’s baffling how anyone could get so consumed by a tiny hippy island in southern Thailand and feel the need to start daily topics about it. Surely there’s something more interesting in Thailand you could bang on about, since that seems to be how you spend most of your waking hours.

42 minutes ago, Alpha84 said:

@MalcolmB What’s with the nonstop fixation on that island? Do you actually live there, visit there, or have you even ever set foot on the place? Or are you just sat somewhere bored out of your mind with nothing better to rant about every day? It’s baffling how anyone could get so consumed by a tiny hippy island in southern Thailand and feel the need to start daily topics about it. Surely there’s something more interesting in Thailand you could bang on about, since that seems to be how you spend most of your waking hours.

Thanks for your question Alpha.

Yes I have been there several times. Have you?

I did consider moving there to the north east of the island.

The point is more about the crackdown on Thai companies using nominees.

I understand that a lot of people will not immediately understand the consequences of this, but I don’t think there has ever been are more important issue facing foreigners in Thailand.

It will be life changing for many and will affect nearly all of us indirectly.

 

Do you have any companies.
 

 

53 minutes ago, emptypockets said:

Not the people abiding by the Law.

Only the dodgy ones.

If you have a villa in Thailands tourist or expat areas it will not be worth as much and could be very slow to sell if needed.

This will affect everyone.

 

The Thais turned a blind eye for years but not anymore.

4 minutes ago, MalcolmB said:

The old antisemitism card has been overplayed now.

No one is buying it anymore.

👍👍👍

Malcolm, it's kind of ironic that you make the comment: 'No one is buying it anymore.', in reference to AS.

I say that because the ONLY thing zionist Israelis have left, to desperately swivel political & public favour their way....via utter propaganda.....is to 'buy' it.

I hate to say this, especially as @MalcolmB is on my ignore list for some time, but he is mostly right about the Israelis in Thailand.  🤷‍♂️ Shady as hell, or entitled like Prince Andrew.  

1 hour ago, MalcolmB said:

The old antisemitism card has been overplayed now.

No one is buying it anymore.

You are denying something that's too obvious Mr. Himmler. Soon we might have to revisit some of Mossad's successes in Latin America. And it is child's play to know who you are.

3 minutes ago, Peter Crow said:

You are denying something that's too obvious Mr. Himmler. Soon we might have to revisit some of Mossad's successes in Latin America. And it is child's play to know who you are.

You guys just can’t help yourselves.

This thread is about foreigners owning nominee companies.

Any mention of Israel sets you off about WW2 

21 minutes ago, TimBKK said:

I hate to say this, especially as @MalcolmB is on my ignore list for some time, but he is mostly right about the Israelis in Thailand.  🤷‍♂️ Shady as hell, or entitled like Prince Andrew.  

All I do is post the news from the Thai press.

And this crackdown will affect thousands of us who have money here.

Ignoring it because Israel is mentioned will not do anyone any good.

Political correctness gone mad, let’s call it out for what it is.

 

This isn't even a secret as to what is going on. 

 

Everyone there knows about it. 

53 minutes ago, Toolong said:

I say that because the ONLY thing zionist Israelis have left, to desperately swivel political & public favour their way....via utter propaganda.....is to 'buy' it.

I agree with you, they are toast.

But this is about foreigners with thai companies using nominees.

Lets stick to the topic otherwise it will be closed down because of muddying the topic.

3 hours ago, Alpha84 said:

@MalcolmB What’s with the nonstop fixation on that island? Do you actually live there, visit there, or have you even ever set foot on the place? Or are you just sat somewhere bored out of your mind with nothing better to rant about every day? It’s baffling how anyone could get so consumed by a tiny hippy island in southern Thailand and feel the need to start daily topics about it. Surely there’s something more interesting in Thailand you could bang on about, since that seems to be how you spend most of your waking hours.

 

for me it's about unfolding the rule of law. If you undermine this many things follow downstream. If nothing else it makes suckers out of the law abiding which angers people.

Dont invest more baht then u can afford to lose.Even its a condo.. apartment.. building a house in Thailand with ur gf/wife.U can't trust anyone about this matters.If they no go after the nominees companies will infect everyone not just Israelis.If they start a crackdown nobody is safe anymore.I build a house decades ago and that cost nr only about 350.000 baht.After i divorced i didn't care about the house..I just left and forgot any kind of fighting with my exwife.After that I learned my lesson so the last trips to Thailand i only rent a hotel room and when i check out i don't have to worry anything.The same about girls..I been single for 8 years and will never have a thai gf again.

I can have a girl staying with me for some days but that's it.Nobody msg me and talking about money problems etc etc because they know i want give anything.I love my freedom and that's how it will be in the future.

6 hours ago, MalcolmB said:

https://www.khaosodenglish.com/featured/2025/10/27/over-100-companies-share-single-address-in-koh-phangan-probe/

 

The economic growth in Thailand has to come from somewhere... 😆 

4 hours ago, norsurin said:

Dont invest more baht then u can afford to lose.Even its a condo.. apartment.. building a house in Thailand with ur gf/wife.U can't trust anyone about this matters.If they no go after the nominees companies will infect everyone not just Israelis.If they start a crackdown nobody is safe anymore.I build a house decades ago and that cost nr only about 350.000 baht.After i divorced i didn't care about the house..I just left and forgot any kind of fighting with my exwife.After that I learned my lesson so the last trips to Thailand i only rent a hotel room and when i check out i don't have to worry anything.The same about girls..I been single for 8 years and will never have a thai gf again.

I can have a girl staying with me for some days but that's it.Nobody msg me and talking about money problems etc etc because they know i want give anything.I love my freedom and that's how it will be in the future.

You blokes who got taken by a Thai lady are very similar to the reformed alcoholic in your evangelism.

7 hours ago, MalcolmB said:

I agree with you, they are toast.

But this is about foreigners with thai companies using nominees.

Lets stick to the topic otherwise it will be closed down because of muddying the topic.

I'm not really sure what you are saying.

Is it that it is a good thing that the letter if the law may now be starting to be applied? I.e. corrupt practices are being cracked down on

Or are you saying it is unfair that these practices are being cracked down on?

8 hours ago, MalcolmB said:

If you have a villa in Thailands tourist or expat areas it will not be worth as much and could be very slow to sell if needed.

This will affect everyone.

 

The Thais turned a blind eye for years but not anymore.

It's not even just houses and villas, it's the illegal condos in thai company name using proxy thai shareholders

10 hours ago, MalcolmB said:

We are stuffed.

 

Congratulations!  Couldn't happen to a more deserving member!

8 hours ago, DonniePeverley said:

This isn't even a secret as to what is going on. 

 

Everyone there knows about it. 

It's an open secret, authorities were only going to enforce the law when it suited them, an elephant trap for all those people using illegal proxy thai shareholders, businesses, houses, condos

2 minutes ago, scubascuba3 said:

It's an open secret, authorities were only going to enforce the law when it suited them, an elephant trap for all those people using illegal proxy thai shareholders, businesses, houses, condos

 

The U.S. Embassy warned about this 25 years ago.  The riskiness of starting a business that wasn't in full compliance of Thai law was known back in the 1960s.  It wasn't just love that was behind the thousands of farang male-Thai female marriages through the years. 

 

 As @scubascuba3 wrote, it's always been a trap, just a matter of when Thai authorities choose to spring it.

12 hours ago, MalcolmB said:

The only way left to do it looks like being married to a Thai. 
And that to can be risky.

Yeah, I would definitely not recommend that for you, as you will be destined to choose the wrong one based on your choice in female companionship.

2 hours ago, scubascuba3 said:

It's not even just houses and villas, it's the illegal condos in thai company name using proxy thai shareholders

 

I can't understand why any farang would buy a condo in company name. The whole point of a condo is that it is the one thing we can own outright. There are thousands of condos available in foreign name. Apart from breaking the law the condo is never yours.

2 hours ago, emptypockets said:

Or are you saying it is unfair that these practices are being cracked down on?

I am saying that for decades foreigners have been using this method and everyone was a winner. Thais made money and foreigners investments were secure. Win win.

 

Then came along the Russians and Israelis and overdoing it and seriously annoying a lot of Thais with their attitude and behavior. So now the Thais are solving these issues with them but us quality foreigners will now be dragged down with them.

11 minutes ago, henryford1958 said:

 

I can't understand why any farang would buy a condo in company name. The whole point of a condo is that it is the one thing we can own outright. There are thousands of condos available in foreign name. Apart from breaking the law the condo is never yours.

Because the foreign name is only good for about half the building. 
The other half must be in a Thai name. 
A lot of these luxury condos in tourist areas they are too expensive for Thais and are geared towards foreigners.

Thais who could afford them are not interested in them.

15 minutes ago, henryford1958 said:

 

I can't understand why any farang would buy a condo in company name. The whole point of a condo is that it is the one thing we can own outright. There are thousands of condos available in foreign name. Apart from breaking the law the condo is never yours.

they get enticed by the cheaper price and probably foreign quotas all gone, they should just stop there and go elsewhere 

1 minute ago, MalcolmB said:

Because the foreign name is only good for about half the building. 
The other half must be in a Thai name. 
A lot of these luxury condos in tourist areas they are too expensive for Thais and are geared towards foreigners.

Thais who could afford them are not interested in them.

 

Well if the building is upto 49% then look elsewhere. Do you really really have to be in that building?

Just now, henryford1958 said:

 

Well if the building is upto 49% then look elsewhere. Do you really really have to be in that building?

I agree with you I am just explaining the reality of why it happens.