Company Directory - Department of Business Development
Company Details - Department of Business Development
Department of Business Development
Thailand
The Department of Business Development is a government agency in Thailand responsible for regulating and overseeing businesses, particularly those with foreign investments. It primarily focuses on promoting and facilitating business operations, ensuring compliance with laws, and aiding in the development of the private sector for the country’s economic growth.
CCI Score
CCI Score: Department of Business Development
50.84
-0.04%
Latest Event
Department of Business Development Launches Investigation Into 27,000 Businesses
Thailand's Department of Business Development announced plans to investigate 27,000 businesses in 2025 to curb the misuse of Thai nominees by foreign entities. The probe will focus on sectors such as tourism and real estate, with an aim to enhance transparency in shareholding structures and overall company operations.
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LEADER
Department of Business Development is currently rated as a Leader.
Latest Events
- MAY272025
Thailand's Department of Business Development announced plans to investigate 27,000 businesses in 2025 to curb the misuse of Thai nominees by foreign entities. The probe will focus on sectors such as tourism and real estate, with an aim to enhance transparency in shareholding structures and overall company operations.
+40
Public and Political Behavior
May 27
This initiative reflects a proactive public policy action aimed at promoting transparency and accountability in business practices. By investigating potential misuse and ensuring clear shareholding structures, the agency is acting to prevent opaque control that could lead to authoritarian practices.
Thailand to Investigate 27,000 Businesses in 2025 Amidst Economic Expansion
+30
Business Practices and Ethical Responsibility
May 27
By initiating a large-scale investigation, the agency is enforcing ethical business practices and regulatory compliance. This effort helps ensure that business operations are transparent and responsible, indirectly contributing to the maintenance of democratic corporate governance.
Thailand to Investigate 27,000 Businesses in 2025 Amidst Economic Expansion
- MAY272025
The Department of Business Development has launched an investigation into companies suspected of using nominee shareholders to bypass foreign ownership regulations, with Deputy Commerce Minister Napintorn Srisanpang advocating for a new law to tighten controls. The probe aims to ensure genuine local investment and strengthen compliance with the Foreign Business Act.
- AUG152024
The Department of Business Development (DBD) in Thailand announced enhanced enforcement measures against foreign companies, particularly those using nominee shareholders to evade the 1999 Foreign Business Act. The initiative aims to ensure fair competition and bolster the competitiveness of Thai SMEs in the domestic market.
+80
Public and Political Behavior
May 27
The DBD's proactive measures to enforce laws on foreign businesses and ensure compliance demonstrate a strong commitment to upholding fair competition, which benefits Thai enterprises and workers. This public regulatory action supports democratic and ethical standards, countering potential authoritarian practices through enhanced oversight.
+70
Business Practices and Ethical Responsibility
May 27
By implementing stringent regulations, the DBD is promoting ethical business practices and leveling the playing field for domestic firms. The measures are designed to prevent circumvention of established laws, thereby fostering a competitive and fair marketplace that benefits workers and local communities.
- AUG152024
Thailand’s Department of Business Development (DBD) has announced the implementation of stricter enforcement measures on foreign businesses to ensure compliance with the 1999 Foreign Business Act and to protect domestic SMEs. The initiative includes close collaboration with law enforcement to crack down on firms evading rules through nominee shareholders and offers strategic support to enhance Thai competitiveness in online commerce and traditional retail sectors.
+40
Public and Political Behavior
May 27
The DBD's proactive enforcement of foreign business laws and collaboration with law enforcement demonstrates clear government intervention to ensure fair competition and equitable market conditions, a move aligned with progressive, anti-authoritarian values.
+30
Business Practices and Ethical Responsibility
May 27
The strategic measures introduced by the DBD, including enhancing e-commerce capabilities and providing business support to Thai SMEs, demonstrate a strong commitment to ethical oversight and fair business practices that bolster domestic enterprise against exploitative foreign competition.
- OCT012023
The Department of Business Development (DBD) participated in a high-level government meeting that outlined immediate legal actions, the development of monitoring systems, and proposed legislative amendments to curb foreign businesses that use Thai nominees to bypass regulatory oversight. This enforcement is aimed at ensuring transparency, protecting Thai businesses, and reinforcing statutory compliance.
+40
Business Practices and Ethical Responsibility
May 27
The DBD's role in spearheading legal and monitoring measures against the misuse of Thai nominees represents a proactive and ethical approach to regulating business practices. By targeting entities that circumvent proper legal frameworks, the agency is supporting transparency and protecting local economic interests, which aligns with anti-authoritarian and worker-protective values.
Thai Government Plans Crackdown on Foreign Businesses Using Thai Nominees
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