. Chinese entrepreneurs are using Thai nominees to conduct business in Thailand, giving them an unfair advantage over local SMEs. This practice is causing damage to the ability of Thai small and medium-sized enterprises to compete in the domestic market. The illegal businesses nominee schemes have become a challenge for Thailand to address as it affects the livelihood of local businesses and the overall economy.
The use of Thai nominees by Chinese entrepreneurs has become a common strategy to bypass regulations and gain an upper hand in the Thai market. This unfair competition is hindering the growth and success of Thai SMEs, as they struggle to compete with these foreign businesses. The exploitation of nominee schemes is damaging the economy and posing a threat to the sustainability of local businesses in Thailand.
Thailand is facing challenges in combating foreign illegal businesses nominee schemes that are impacting the domestic market. It is crucial for the government to address this issue to protect the interests of Thai SMEs and promote fair competition in the economy. By cracking down on the use of Thai nominees by foreign entrepreneurs, Thailand can create a level playing field for all businesses operating in the country.
Source link : Thailand is grappling with foreign illegal businesses nominee schemes
