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Senator’s Bold Plan to Turn Grey Money White | Thailand News
Senator Prathum Wongsawat is challenging Thailand’s foreign investment rules with a radical proposal: if foreigners fund 100% of a business, they should own it outright—ending the forced 51% Thai majority that fuels nominee companies and grey capital. She argues this transparency would turn hidden money into taxable “white capital,” even potentially offering residency or citizenship to major investors. As Thailand cracks down on offshore nominee firms in tourist hubs like Phuket, she questions whether enforcement alone solves the problem—and insists ownership laws themselves must evolve to…
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