Russians targeted in Phuket illegal company crackdown

PHUKET: The Commerce Ministry is targeting 56 companies in Phuket suspected of breaching the Foreign Business Act (FBA) by having Thais acting as nominees so that foreigners can hold majority control.

The ministry has investigated 153 companies for breaching the act, Deputy Commerce Minister Natthawut Saikua said yesterday.

Read more: The Phuket Gazette

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