Starlink · US Senate · Thai Examiner
Turn Grey capital into White capital. Senator calls for 100% foreign owned firms to eliminate corruption
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
Let foreigners own what they pay for, Senator Prathum Wongsawat demands. She says Thailand’s 49:51 rules fuel nominee firms, hide grey capital and open the door to tax avoidance, extortion and corruption. Put up 100%, she says, own 100%.
Key facts
- Let foreigners who provide 100% of the capital own 100% of the company
- She says current 49:51 rules can fuel nominee structures, conceal ownership, aid tax avoidance and open doors to corruption
- Let foreigners own what they pay for, Senator Prathum Wongsawat demands
- A Thai senator has proposed 100% foreign ownership as Thailand widens its crackdown on nominee companies and foreign grey capital
- Under the structure she addressed, foreign investors can hold 49%
- Thai shareholders must hold the remaining 51%.
Summary
Thailand’s widening war on foreign nominee firms has triggered a dramatic counterproposal from Chonburi Senator Prathum Wongsawat. Let foreigners who provide 100% of the capital own 100% of the company. She says current 49:51 rules can fuel nominee structures, conceal ownership, aid tax avoidance and open doors to corruption. Instead, ownership should follow the money, turning “grey capital” into “white capital”.
A Thai senator has proposed 100% foreign ownership as Thailand widens its crackdown on nominee companies and foreign grey capital. Chonburi Senator Prathum Wongsawat says ownership should reflect the money actually invested. Under her plan, foreigners providing all capital could legally own the entire business. She argues that current restrictions can instead help create the nominee structures now facing investigation.