3.1.7 Penalties under the Foreign Business Act
Thai or foreign nationals who violate the provisions of the FBA, which include nominee structures used to avoid the law, are subject to imprisonment for a term not exceeding three years or to a fine of Baht 100,000 up to Baht 1,000,000, or both. A Thai court may also order the violating entity to cease its operations. Any violation of a court order in this regard shall be subject to a daily fine of Baht 10,000 to Baht 50,000.