Amendments to the Foreign Business Act proposed–allow more foreign ownership, crack down on foreign nominees

Amendments to the Foreign Business Act to be proposed to Cabinet – The Nation, September 6, 2014
…Several past governments have planned to amend this law, which has been in force since 1999, to prevent nominees getting around the restrictions on foreign ownership of Thai businesses while also facilitating more investment in Thailand. However, there has been little progress on such amendments, partly because of the frequent change of governments…

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