Thai property crackdown: Foreign buyers hit pause on villas as nominee loophole closes (opens original article in a new tab)

Thailand's crackdown on foreign land ownership loopholes has caused delays in luxury villa purchases by foreign buyers in Phuket and Koh Samui as authorities target companies using Thai nationals as dummy shareholders.

• Thailand's crackdown on foreign land ownership loopholes has caused delays in luxury villa purchases by foreign buyers in Phuket and Koh Samui.
• The DBD identified 11,426 companies on Koh Phangan and Koh Samui with foreign stakes, accounting for 68% of registered firms on the two islands.
• Over 7,000 businesses were suspected of using illegal nominee structures, mainly in real estate, tourism, and hospitality sectors.