Additional DBD Documentation Requirements for Foreign Shareholders and Directors (Order No. 2/2569)
Tax and Legal Update 8 / 2026Effective 1 August 2026, Central Registration Office Order No. 2/2569 Regarding Criteria and Supporting Documents for Registration of Partnerships and Limited Companies Involving Foreign Shareholders or Foreign Authorised Signatories (the “Order”) repeals previous Orders Nos. 2/2568 and 1/2569. The Order was introduced to strengthen the integrity and credibility of company registrations, enhance transparency regarding the source of investment funds, and prevent nominee arrangements used to circumvent restrictions under the Foreign Business Act. It also supports the Government’s efforts to address concealed ownership structures and suspicious financial transactions.
