Thailand cracks down on foreign companies using fig leaf of local ownership
Key points
- Thai authorities are ramping up enforcement of local ownership rules, stoking anxiety among foreign businesses.
- Bangkok, Thailand – On paper, it was registered as a nail salon.
- In reality, it was allegedly a front for an adult content business run by an Israeli woman through the subscription-based website OnlyFans.
- The woman’s company in the southern province of Krabi was just one of nearly 500 businesses – ranging from beauty salons to cannabis farms – that Thai authorities say were registered by a single accounting firm.
- All of the companies were linked to foreigners who had falsely listed a Thai “nominee” as the majority owner to get around the law on foreign ownership, according to authorities.
Quick Summary
Thai authorities are ramping up enforcement of local ownership rules, stoking anxiety among foreign businesses. Bangkok, Thailand – On paper, it was registered as a
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to Thailand cracks down on foreign companies using fig leaf of.
Key Takeaways
- Thai authorities are ramping up enforcement of local ownership rules, stoking anxiety among foreign businesses.
- Bangkok, Thailand – On paper, it was registered as a nail salon.
- In reality, it was allegedly a front for an adult content business run by an Israeli woman through the subscription-based website OnlyFans.
- The woman’s company in the southern province of Krabi was just one of nearly 500 businesses – ranging from beauty salons to cannabis farms – that Thai authorities say were registered by a single accounting firm.
- All of the companies were linked to foreigners who had falsely listed a Thai “nominee” as the majority owner to get around the law on foreign ownership, according to authorities.
📌 Source: Al Jazeera
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