Thailand nominee crackdown cuts new filings by 75%
Deputy Prime Minister and Commerce Minister Suphajee Suthumpun has clarified that a widely cited 75% drop in nominee businesses refers only to newly registered entities in the nominee-risk category, not to all nominee arrangements in Thailand. Suphajee raised the issue on Facebook as part of the ministry’s “Q&A with the Ministry of Commerce” series, responding … The story Thailand nominee…
The Thai government has implemented a crackdown on nominee entities, resulting in a 75% decrease in newly registered high-risk nominee businesses between August 1 and 20 compared to the same period last year. Deputy Prime Minister and Commerce Minister Suphajee Suthumpun clarified that this decline refers only to newly registered entities in the nominee-risk category, not all nominee arrangements in the country.
The ministry is taking action on two fronts: tightening checks on shareholders and those controlling businesses before registration and reviewing already-registered companies in partnership with 23 agencies. The goal is to prevent the misuse of the nominee system while allowing honest businesses to operate easily and compete fairly.
Brief written by urgent.news from The Thaiger's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
