Law
Phuket Authorities Investigate Over 100 Companies Linked to Nominee Networks
Thai officials are investigating more than 100 companies in Phuket suspected of operating through nominee structures, with reported revenues exceeding 5 billion baht.
According to a report by Thai Post on August 7, 2026, Polphee Suwanna-ngam has announced a crackdown on business networks in Phuket suspected of using illegal nominee structures. Authorities have identified over 100 companies allegedly involved in these networks, which have reportedly generated revenues totaling more than 5 billion baht.
Officials are currently focusing on individuals of Israeli nationality who hold Thai citizenship, as they are suspected of acting as nominees to facilitate foreign business ownership in violation of local regulations. Polphee stated that investigators are actively tracing financial transactions to uncover the full extent of these operations and has vowed to pursue legal action against those found in violation, including the potential deportation of individuals involved in illicit activities.
For residents and travelers, this investigation highlights a significant push by Thai authorities to enforce business ownership laws in popular tourist destinations. While the crackdown aims to ensure compliance with national regulations, it may lead to increased scrutiny of foreign-owned businesses in the region. At this stage, the investigation is ongoing. It remains to be confirmed which specific companies are under scrutiny and what the final legal outcomes will be for those identified in the financial audit. Authorities have not yet released a comprehensive list of the affected entities.