Get all your news in one place.
100's of premium titles.
One app.
Start reading
Bangkok Post
Bangkok Post
Business

YOU WONT BELIEVE: Commerce ministry probes 200 suspected grey companies acting as fronts for foreigners | Mind Blowing Facts

Visitors walk along Yaowarat Road last month, where some local vendors have complained about illegal foreign business activities. (Photo: Wichan Charoenkiatpakul)

The Commerce Ministry has been investigating 200 companies suspected of acting as nominees for foreign businesses in a move to curb the so-called "grey business" sector, focusing on restaurants and tourism-related enterprises in four notorious areas of Bangkok.

According to Keerati Rushchano, permanent secretary for commerce, the practice of using Thai citizens unconnected with the business to allow a company to operate in Thailand is once again on the rise since the easing of the Covid-19 outbreak and, most recently, the reopening of China's borders, resulting in a flood of Chinese tourists into Thailand.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.