Really???? From Siam Legal website. https://www.siam-legal.com/thailand-law/thailand-expands-crackdown-on-nominee-shareholders/ "Legal Risks of Nominee Structures Nominee arrangements can expose both foreign investors and Thai participants to serious legal risk. Depending on the facts of the case, penalties may include: Imprisonment of up to 3 years Fines of up to 1 million THB Forced closure or restructuring of the business Seizure or freezing of assets Loss of commercial operating permits Suspension or cancellation of visas or work permits The bigger risk is that a structure treated casually at the beginning can become a major legal problem later. This is especially true when a business grows, buys property, applies for licenses, seeks investment, becomes involved in a dispute, or is reviewed by government authorities." Do you see the part, "Seizure or freezing of assets? Yes, really, and I do see that part, do you see the part where it says "depending on the facts of the case" and "may include"? "Under Sections 94 and 96, individuals found to possess land illegally must dispose of it within a timeframe set by the Land Department, ranging from 180 days to one year. Failure to comply within this period allows the Land Department to enforce the land’s disposal" https://silklegal.com/nominee-land-ownership-in-thailand-can-follow-you-to-the-grave/
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