Business: Fraud warning after 5,000 firms started in last year by Chinese nationals using Northern Ireland addresses.

27 Jan 2024 3:15 PM | Anonymous member (Administrator)

More than 5,000 companies were formed over the last year by Chinese nationals using addresses in Northern Ireland where the home, business owners or residents are believed to have no connection to the companies.

Companies using addresses across the north, some fictitious, are trading on sites like Amazon but are using historically lax registration rules likely as part of some type of VAT fraud and to evade potential tax liabilities, according to a leading fraud expert.

         twitter   linkedin

Midlands Fraud Forum Ltd. Reg.No: 06436330
Copyright © 2023
Disclaimer & Privacy Policy

Powered by Wild Apricot Membership Software