The Department of Business Development raided 15 sites in Hua Hin (Prachuap Khiri Khan), filed 33 cases with damages over 300 million baht, and issued arrest warrants for 45 foreigners. The targets were companies with Thai nominee shareholders holding 51% and foreigners holding under 50%, mostly in property holding and rental. From 1 August 2026 the department tightened checks on registering and changing companies with mixed Thai-foreign shareholding. If your firm has foreign directors or shareholders, or you rent to or partner with foreigners in property, review your shareholding and director structure now. Nominee arrangements carry up to 3 years' jail or a fine of 100,000 to 1,000,000 baht.