The PM has ordered provincial governors and land officials to identify foreigners suspected of holding land illegally through nominees by end-December 2026, with title deeds possibly revoked and forced sales possible. Officials look beyond names on title deeds to find real beneficiaries. Authorities have flagged 13,088 parties, including 1,550 companies with suspected illegal foreign shareholding. If your business uses Thai nominees, foreign shareholding in a land-holding company, or buys/leases land for a foreign partner, review those structures now with a lawyer. Legitimate foreign investors who follow Thai law are said to be welcome.