Photo by Scott Graham on Unsplash.
In a move to suppress the ‘grey’ market in the fiscal year 2023, the Business Development Department (BDD) investigated 439 companies, suspecting them of acting as nominees for foreign corporations. Interestingly, legal entities potentially involved in nominee activities were discovered in Chiang Mai and Chon Buri provinces.
The BDD Deputy Director-General, Jitakorn Wongkhatekorn, revealed that the agency inspected three targeted groups of businesses suspected of being nominees. These included tourism and related businesses, real estate, and hotels and resorts.
The provinces subjected to this scrutiny included Chiang Mai, Chiang Rai, Phuket, Surat Thani, Chon Buri, Rayong, Prachuap Khiri Khan, Phetchaburi, and Bangkok. This was undertaken in cooperation with several entities, including the Tourism Department, the…
