Tags : Nominees

News

Police Crack Down Thai Nominees for Foreign Businesses

BANGKOK, Nov 5 (TNA) – Police arrested six people for their involvement in using Thai nominees to register para rubber bedding businesses for Chinese owners in Bangkok. Acting Immigration police chief Pol Maj-Gen Surachate Hakpal said five Thais and a Chinese a man were apprehended after they opened para-rubber businesses for Chinese people, using Thai […]Read More

Phuket

Phuket law office raided over nominee land deals for foreigners

PHUKET: Officers from the Department of Special Investigation (DSI) and Thailand’s Board of Investment (BoI) raided a legal consultancy in Phuket on Wednesday (Aug 15) on suspicion of using nominee shareholders and breach of the Foreign Business Act by transacting land transfers. The office, located in Soi Bangtao 1 in Cherng Talay, was the Phuket […]Read More

News

Thais warned not to act as nominees of alien businessmen

Thai nationals have been warned not to act as nominees of alien businessmen operating in tourism and real estate businesses or they may face a maximum three-year imprisonment and a fine of between 100,000 and one million baht, said Ms Pongphan Jianviriyaphan, director-general of Business Development Department, on Monday. She disclosed that officials from the […]Read More

News

Foreigners own third of land in Thailand

Some 100 million rai of Thai land is owned by foreigners, mostly through their Thai spouses or nominees, Auditor-General Sriracha Charoenpanit revealed yesterday. He said if this situation was “unsolved”, it could lead to later generations of Thais having no land to live on. Read more: The NationRead More

News

DSI to crack down on illegal foreign-run businesses

Department of Special Investigation (DSI) chief Tharit Pengdit said yesterday his office would crack down on foreigners using Thais as nominees to buy land and run businesses from which they are legally excluded, while his deputy Narat Sawettanan said 536 websites had been shut down since December 13 for allegedly having lese majeste content. Tharit […]Read More