The Commerce Ministry has vowed to intensify its crackdown on the illegal use of Thai nominees by foreign investors as part of a broader effort to protect fair competition and the country's economic interests.
Its Department of Business Development (DBD) said nominee shareholding had become a long-standing problem that distorts market competition and disadvantages legitimate businesses operating in Thailand. The number of companies considered at risk of nominee arrangements had risen steadily over the past two decades, from 523 firms in 1998 to 11,746 in 2025.
