PHUKET: An inspection team from Bangkok will be arriving in Phuket to help local officers investigate businesses with foreign owners that are suspected of using nominee shareholders, Phuket Governor Maitri Inthusut announced at a meeting this afternoon. About 3,700 “foreign-owned” business are registered in Phuket, explained Department of Business Development Phuket Office chief Nimit Kangkajit at the meeting. “Of course Thais will hold at least 51 per cent of the shares of any business and foreigners will be limited to only holding 49 per cent of the shares,” Mr Nimit said.
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Phuket to crack down on businesses using nominee shareholders
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