Yes, it is the foreigner’s risk but also the company’s indirect risk.
If the ID owner gets high rank and there is dispute among shareholders/directors in the company, the ID will stop operating business automatically.
We experienced one case in the past. The ID Owner rank is Presidential Sapphire. Husband and wife applied under company name. Wife is leader and operating business alone. Firstly, wife is majority shareholder and solely can sign on half of the company. Later, she and her husband amend the authorized person to be at least 2 directors to sign on behalf of the company and amend shareholding structure as wife holding minority of shares. After that her husband has second wife, she consulted us and want us to help her to make her ID to become her own but we cannot help her because we cannot receive approval from her husband. Every time that she received commission, she must divide to her ex-husband 50%.
In accordance with our P&P, we do not allow BA to has more than 1 distributorship. Therefore, we have to check ID card/passport no. of directors and shareholders of the applied company that they are not BA.
If you allow, 1 case, there will be more and in future. Please confirm again