The Thaiger
Thailand nominee crackdown cuts new filings by 75%
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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.
Key facts
- 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
- She said the ministry recorded 141 newly registered high-risk entities between August 1 and 20, compared with 561 during the same period last year, a decline of 420 entities, or close to 75%.
- Suphajee raised the issue on Facebook as part of the ministry’s “Q&A with the Ministry of Commerce”
- The government says Thailand has more than one million active legal entities, including 119,116 companies with foreign shareholdings of up to 49.99%
Summary
Suphajee raised the issue on Facebook as part of the ministry’s “Q&A with the Ministry of Commerce” series, responding to a question that followed the ministry’s 90-day performance briefing.
She said the ministry recorded 141 newly registered high-risk entities between August 1 and 20, compared with 561 during the same period last year, a decline of 420 entities, or close to 75%.