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falang07

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Posts posted by falang07

  1. Thanks for the insights, seems like the Thai company way is the way to go for me, too. I would use real shareholders and 49% of preferential shares. Anything goes wrong (yes, I trust the wife today (well, for 100% I trust only myself, and even that only sometimes subject to alcohol level in the blood, etc. :-), but what if she dies before me? I do trust her family less than 50%, unfortunately...), it can be sold and I would still get at least 49% (I suppose that a secret agreement can be arranged than I would get the full amount, too). So it is much better than nothing if bought in the wife's name.

    • Like 1
  2. Well, buying in her name with me being the guarantor does not make any sense. First of all, I do not want to pay a double price for the house (that is what comes out of a mortgage over several decades). Secondly, if I would serve as the guarantor, I would be liable to pay even if things go wrong so it does not provide me any protection at all.

    Anyway, if I setup my company, isn't it "up to me" if I give shares to anyone I want? What is supposed to be illegal with this approach? I could even donate my shares to anyone, e.g. some good Thai monks. I think this would hold in any international court.

  3. As we already know, the only way to buy a house with land is in a Thai company name which requires a few (2 or 3?) Thai nominees (which is supposed to be illegal but I do not get it how on Earth could this be done without them, in some legal way, if the wife gets 12,000 THB per month and the house costs a few millions).

    So my 1st question is simple. In case the law says nominees are illegal, what is the legal way? And my 2nd question: in case the government "finds out (I am not sure if one can find out something that is a generally well known fact)" about these "illegal" nominees, what can they do about it? My guess is a small fine? Thanks for any insight into this issue.

  4. DudleyPunt, how does it aid putting a bike or car in your own name? If I have a tourist visa, I must go to the immigration same as you, pay the same fee, just you show the yellow book and I show the rental agreement, no difference at all.

    This forum is full of misleading information, and it is really hard to get to real facts.

    EDIT: OK, maybe you do not need to go to the immigration :) Anyway, not a huge difference, how often do we buy a car :)

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  5. I was informed by my lawyer a husband and wife can not have a contract but a man and his girlfriend can. Doesn't make sense but hey This Is Thailand.

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    This means it is much better not to get married, but rather stay together as a boyfriend and a girlfriend with a contract. I have a strong feeling that the Thai laws should really be adapted to the 21. century standards and support the family life with equal rights.

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