When looking at Villas in Phuket, it seems to you can choose between a villa on leasehold land or company owned land.
Where leasehold means 99% sure you can use the house for 30 years, but renewing after 30 years is not likely, and selling will be more and more unlikely the closer to the 30 years you get.
Company owned land might be fine, but if the government decided to shut down such companies tomorrow you might be forced to sell the land and house (in a then overflowed market), or even worse lose the land/house directly.
But is it possible to combine these two approaches?
So lease the land and house (or lease only the land and buy the house) for 30 years.
Then have someone you trust (for example a relative or good friend back in Europe) have the control of the company owning the land. This way if the government does force the land owned by such companies to be sold, only the control of the land is lost, and the house is still leasehold.
Anybody heard about such arrangements being used?
