With all the raids and purges on foreign property investors and nominee shareholders being reported almost daily, does anyone know what the status is at the moment? Have legal firms stopped setting up Thai companies with nominee shareholders for the time being, and if so are they likely to ever start again? Or is it still business as normal, just being done more discreetly and with a few more padded envelopes?

I still think they're only after the big fish who are abusing the system, like the Russians in Chonburi and their 5 billion Baht of property, but there's a small number of potentially worrying stories of what appear to be individual house owners being hauled off and their house confiscated. Hard to be certain from the reports, though.

Just trying to plan for the future: in the worst case that the company route closed down permanently it's going to make it hard for anyone owning a house that way at the moment to sell it (I'm one of them). I guess you could transfer it into your partner's name and then get a usefruct for your own security? Not feasible for loners who don't have a partner, though. What other routes are there? I have no interest in renting and even less in living in a glorified flat.

My cleaner has a farang friend he panicked and transferred his house to her, better gamble. I wouldn't touch thai company name houses or condos

😄

Edited 53 minutes ago53 min by KhunLA