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

Leave a Reply

Advertise

Thailand News is a popular tourism news and Thailand travel information site.

If you own a Thailand/Asia related business, Advertise with Us.

Online advertising is featured within select sections of Thailand News.

Contact us