Nominee crackdown reaches under-50% structures: DBD Order 2/2569 in force since 1 August

The Department of Business Development issued Registrar Order No. 2/2569, ซึ่งมีผลบังคับใช้ตั้งแต่ 1 สิงหาคม 2569. Any company registration or amendment where a foreigner holds under 50%, or where a foreign director signs with no foreign shareholding at all, now requires three months of bank statements from each Thai shareholder, statements from the receiving account, and a prescribed Investment Explanation Letter tracing where the capital came from.