“Nominee” refers to the use of a “nominal shareholder” to hold shares on behalf of the actual owner in order to circumvent legal restrictions (often related to foreign ownership limits). The real owner's name does not appear in the relevant legal documents. Such arrangements differ from a lawful and transparent shareholding structure, where the true beneficial owners are disclosed according to their actual investment proportions and the business operates strictly in complianc

⚠️ 5 Warning Signs That Your Company’s Shareholding Structure May Involve a “Nominee Arrangement” 1️⃣ Unclear identity and relationship of the major shareholder The shareholder (especially a Thai shareholder) has no family relationship with the actual core management or controlling shareholder, no clear business relationship, and cannot clearly explain the legitimate source of their investment funds. 2️⃣ Complex structure or cross-shareholding arrangements The use of holding