PATTAYA. Thailand – Government agencies launched a unified effort on April 26, to address concerns within the tourism industry to tackle the widespread issue of businesses in Pattaya employing Thai nationals as nominees, commonly referred to as “nominee shareholders.” This practice allows foreign investors to circumvent restrictions on foreign ownership in various sectors, including tourism.
Led by the Department of tourism, collaborating with the Department of Business Development, the Department of Special Investigation, the Tourist Police Division, and the Immigration Police Office, ten locations across Pattaya were targeted for inspection, to crack down on such practices and ensure compliance with regulations.
Authorities discovered rampant…