On 1 December 2025, the Department of Business Development (DBD) issued Order No. 2/2025, introducing stricter evidentiary requirements for the registration of partnerships and limited companies involving foreign investment or foreign authorized signatories. The Order repeals and replaces the earlier 2012 framework, signalling a renewed regulatory focus on combating nominee structures and strengthening the integrity … Continue reading New DBD Order Tightens Verification Requirements for Thai Shareholders in Companies With Foreign Participation