The Prime Minister emphasized that the Thai government supports legitimate, transparent and beneficial foreign…

Prime Minister Anutin will visit Koh Phangan on May 13. According to his plan, as stated by his entourage, the government will not allow dubious capital to take jobs away from Thais. The PM is personally monitoring this issue to ensure that the use of nominees or legal loopholes does not become a threat to the population. This is due to the fact that the problem concerns not only business registration, but also economic stability, especially in tourist areas, which have high economic value, create a large number of jobs and affect the income of the population as a whole. In addition, the Ministry of Commerce, through the Department of Business Development, conducted an audit of legal entities on the islands of Koh Samui and Koh Phangan. It was found that a total of 16,811 legal entities are registered, of which 11,426, or 67.97%, have foreign investors. This reflects the need for the government to carefully investigate whether Thai citizens are being used as nominees or as a cover to circumvent the law. The Prime Minister has instructed security forces, administrative bodies, the Ministry of Commerce and relevant agencies to conduct inspections in all regions of the country, not just Phuket, Koh Samui or Koh Phangan. If any violations of the law are detected with the aim of depriving Thais of jobs and livelihoods, decisive legal action must be taken. The Prime Minister stressed that the Thai government supports legitimate, transparent and beneficial foreign investments, but will not allow suspicious capital, proxy individuals or networks of economic crimes to profit on Thai territory. He also called on the public to be vigilant, reporting any suspicious activities to the authorities. For readers: If you notice suspicious activity related to foreign investments, report it to local authorities.