Securing A Property In Thailand

[coalminer]

Hi everybody,

I am married to a Thai for five years now, and have a beautiful daughter from her (3 years).

I am retired, and stay in Thailand for 5 years already.

I am planning to buy, or let some construction workers to build a house in Thailand.

Not so much to live in myself.

But more to have one or more properties for my daughter when she will be grown-up to insure her future.

But the regulations are clear, a fahrang cannot own land in Thailand unless sone very rare exceptions (investing a lot of money in the Kingdom).

In this forum (and other forums to), there has been discussed about "leasing the land for 30 years with an option to get a second lease of 30 years".

I would like to have some more information on this (specialy from people who are in this situation), and more specific:

Suppose you are living (ev. with your wife) in the house which is build on the leased land in her hometown somewhere in Nakhon Anywhere. But one day you or your wife cannot live together anymore and one of you have to move. So you choosse to leave the house, as it is build in her town. A few weeks later, you hear the information that the house has been sold or repossessed by a loan broaker..

Question:

- What are the odd's that any udge will give the fahrang a positive judgement against his Thai wife?

If anybody can give me useful tips on how to make a legal heritage for a daughter or a son which can not be accessed by the mother or her relatives untill a certain age, I would like to hear them too.

Buying on your duaghter or son name is not possible, as she can have no possession until a certain age (16?).

Coalminer

[masterfix]

Hi Coalminer,

I checked for my kids (8 and 2) and I did't finalise the question but I think that I will use BVI (british virgin island) company as a 39% shareolder in a thai company with preferential shares.

If others have more ideas...

Dany

[coalminer]

Hi Coalminer,

I checked for my kids (8 and 2) and I did't finalise the question but I think that I will use BVI (british virgin island) company as a 39% shareolder in a thai company with preferential shares.

If others have more ideas...

Dany

<{POST_SNAPBACK}>

Hi Dany,

Thanks for your answer.

I don't know that company (BVI), but the proposed solution is far to complicated for me.

Using a foreign company as a shareholder in a Thai company.

I would need to find a reliable forteing company which has shares in a Thai company, and this Thai company would be willing to secure the properties.

This solution is also no guarantee that the mother (and eventualy the family) could not sell the property when you are gone.

Thanks anyway,

Carlos

Edited June 3, 2005 by coalminer

[Sumitr Man]

Carlos:

Change your AV, and you *just* might grab my attention.

In the meantime, "good luck" - 'cause you're going to need it!

SM

[coalminer]

Carlos:

Change your AV, and you *just* might grab my attention.

In the meantime, "good luck" - 'cause you're going to need it!

SM 

<{POST_SNAPBACK}>

Sumitr Man,

This better?

I don't need good luck, but I would want to secure the "luck" of my child in Thailand.

Carlos