Law
Hua Hin Property Firms Under Investigation for Alleged Nominee Scheme
Authorities have raided 15 locations in Hua Hin following allegations that property companies used Thai nominees to facilitate illegal foreign investment.
On August 10, 2026, Thai authorities conducted a coordinated operation across 15 locations in Hua Hin, targeting property firms suspected of operating an illegal nominee scheme. According to a report by Khaosod English, the Department of Business Development (DBD), in collaboration with police and immigration officers, launched the investigation into allegations that these companies utilized Thai nationals as nominee shareholders to bypass restrictions on foreign property ownership.
The investigation centers on claims that these practices have resulted in financial damages exceeding 300 million baht. The use of nominee shareholders to circumvent foreign ownership laws is a significant legal issue in Thailand, as it undermines regulatory oversight regarding land and property acquisition.
For residents and expatriates, this investigation highlights the ongoing scrutiny of property ownership structures in popular tourist destinations. While the probe is currently focused on the business practices of these specific firms, it serves as a reminder of the importance of ensuring that property investments comply with Thai law. At this stage, the investigation is ongoing, and authorities have yet to release further details regarding the specific companies involved or the potential legal consequences for those found to be in violation of business regulations. Further updates are expected as the Department of Business Development continues its inquiry.