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News Forum - Warning Thai people: Don’t be a nominee for foreign business

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The Director-General of the Business Development Department in Thailand has announced that Thai citizens who allow their names to be used by foreigners to open businesses that are reserved for Thai nationals may face penalties. The punishment can include hefty fines starting at 100,000 baht and climbing as high as 1 million baht. Violators could …

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Ramanathan.P Grand Master

Ramanathan.P

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Partnership can be of different types. Normally foreign business partners remain as sleeping partners. It is easy to manage business that way. However if it is going to be complicated in future, it is good to keep the liquid in the bank and enjoy the interest in Thailand in an heavenly manner....

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