Thailand clamping down on nominees for businesses


The Business Development Department has expanded its investigations into other sectors following complaints from the public and businesses about the influx of cheap, substandard foreign products into Thailand. — Bloomberg

BANGKOK: A total of 26,019 businesses across four sectors – tourism and related businesses, real estate and land trading, hotels and resorts, and logistics and transportation – were identified as potentially involving Thai nationals holding shares on behalf of foreigners (nominees) in fiscal 2024, according to Business Development Department director-general Oramon Sapthaweetham.

The businesses are located in six provinces including Bangkok, Surat Thani, Prachuap Khiri Khan, Chiang Mai, and Phuket.

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