Thai nominee shareholder

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!