Thai nominee shareholder
1976 Views
A nominee shareholder is a shareholder in name only. They are the registered owner of shares, but in fact they do not own anything. In Thailand, the penalty of being a nomiee shareholder is imprisonment not exceeding 3 years or fine between 100,000 Baht to 1,000,000 Baht or both imprisonment and fine, and there is also a daily fines of 10,000 Baht to 50,000 Baht per day and the Director of the company is also guilty.
Besides the penalty, by having a nominee it could increase the risk in managing you business without any proper protection. So, give it a thorough thinking before starting your business.
Contact us to get a free consultation and start your own business!
Related Content
The common type of juristic person to run businesses in Thailand.
30 ม.ค. 2024
Land due diligence is a critical aspect of real estate transactions, ensuring that buyers, sellers, and investors have a comprehensive understanding of the legal, financial, and physical aspects of a property.
13 ก.พ. 2024
To set up a company limited in Thailand is not as hard as you might think.
30 ม.ค. 2024
