Bangkok: The government is intensifying its efforts to eliminate "nominee" schemes in a bid to create a transparent and fair business environment. The government spokesperson emphasized the Prime Minister's firm stance, stating that all cases will be addressed decisively, and urged the public to report any pertinent information to the hotline 1570.
According to Thai News Agency, Ms. Ratchada Thanadirek, spokesperson for the Prime Minister's Office, announced that the government is taking serious measures against nominee businesses. These measures include enhancing preventive strategies such as data linkage, proactive investigations, and strengthening laws. Advanced technology is being utilized to analyze and connect databases from different agencies to identify legal entities at risk of illegal business activities.
The initiative aims to prevent the misuse of corporate status for illicit purposes, including money laundering, while fostering a transparent and competitive business system over the long term.
Since the implementation of these upgraded operations on January 1, 2026, there has been a reported 60% decrease in the number of companies at risk of using nominees in the first quarter of 2026 compared to the previous year.
The Department of Business Development recently reported findings of illegal activities by foreign entities. It was discovered that foreigners holding 50% or more of shares in certain businesses were operating without permission, violating the Foreign Business Act B.E. 2542 (1999). There are currently 6,551 foreign legal entities suspected of conducting business illegally in Thailand.
Violations under the Foreign Business Act B.E. 2542 (1999) can result in imprisonment for up to 3 years, fines ranging from 100,000 to 1,000,000 baht, or both. Individuals who are aware of or fail to prevent these offenses may also face prosecution as accomplices.
Prime Minister Anutin is dedicated to eliminating all forms of illegal businesses, especially those involving nominees who use Thai nationals to conduct transactions for foreign capital groups. This includes engaging in businesses reserved for Thai nationals and holding land linked to illicit activities. The Prime Minister has made it clear that there will be no compromises in these cases to safeguard economic interests and maintain national security. The public is encouraged to report any information through the hotline 1570.