Thai Nominee Shareholding

[swissie]

If contemplating to form a "Thai Nominee Shareholding Company", this is a MUST READ:

TVF, Pattaya Forum / Pattaya News. Read thread: "Thai Nominee Shareholder crackdown in Pattaya". Especially, pay attention to post # 24.

Cheers.

[KittenKong]

For some reason the link didn't appear in your message, so here it is: http://www.thaivisa.com/forum/topic/753763-thai-nominee-shareholding-crackdown-in-pattaya-announced-by-dsi/

It is worth mentioning that nearly one year on not much seems to have come of this clamp-down, though of course that is no guide to the future.

[bangkoklawyer24]

It is not unfair to say that the Foreign Business Act served since its implementation just as an impressive but ineffective "fig leaf" for a foreign dominance in Thai industry. A puppet, nice to look at from a Thainess perspective - but just a formal investment hurdle, not any real restriction for a foreigner.

[Robert24]

I've read many times about crackdowns about this and not much has happened to be honest. I think people who may be impacted just need to have a plan B.