Foreign Investment

Follow us to keep up to date on the latest legal developments in Thailand with in-depth analysis from our legal experts.

Thailand Intensifies Crackdown on Nominee Shareholders

A nominee shareholder arrangement occurs when a Thai national holds shares in a company on behalf of a foreigner in order to circumvent foreign ownership restrictions under the Foreign Business Act. Such arrangements are illegal under Sections 36 and 37 of the Act and can result in criminal penalties for both the Thai nominee and the foreign beneficiary.

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