Phuket Cracks Down On Foreign-Owned Shell Companies
Phuket authorities are intensifying efforts against shell companies and illegal businesses, revealing that over one-third of registered firms have foreign shareholders in potential violation of Thai law.
PHUKET: Phuket authorities have stepped up efforts to crack down on nominee businesses and other illegal commercial activities after revealing that more than one-third of the province’s registered companies have foreign shareholders, according to a high-level meeting yesterday (July 22).