greatlistener Posted February 15, 2015 Share Posted February 15, 2015 I am just about to buy a piece of land in Issan 300000 baht but big enough for a large house or a couple of decent sized ones. I am buying it in Thai girlfriends name (3 years together and 3 visits to UK so fairly secure for that amount of risk anyway) but I'm wondering if it's better for my long term plans if it stays in her name, a company, 51/49 shares etc. We will marry in the next 2-3 years and plan on a child just exploring my best bet to secure residency? I will be 50 by the time I move here and hopefully have an income to meet requirements but i read of guys needing to show electric bills, water bills, chanute etc very year? Link to comment Share on other sites More sharing options...
billphillips Posted February 15, 2015 Share Posted February 15, 2015 ฿3m is quite a lot of money for a house plot. I can only think that at that price it's in the mid City area. Where is it? A company ownership is a good plan to follow. Ensuring that you (only) have preferential voting rights is essential. Buying a house or land now will not really help your visa plans for the future. A retirement extension is out until you are 55. Your finances have to be proved and evidence of a true relationship supplied for a marriage extension. I can't see how water, electric bills etc will assist in that respect, especially as it will all be in your g/f name. I'm not sure of the full details but many posts exist here in the visa section, it's well worth the browse. Hopefully someone with some knowledge will post soon but do check everything because not everyone is the expert that they claim to be. Link to comment Share on other sites More sharing options...
Popular Post ubonjoe Posted February 15, 2015 Popular Post Share Posted February 15, 2015 It is 50 years old or over to get an extension of stay based upon retirement not 55. It is up to you how you do the purchase of the land/house. It will make no difference when it comes time to apply for an extension of stay. You just need proof of residence. If married her house book for the house would be all that is needed for that and if not a note along with it stating you are living with her would be enough. You cannot apply get residency unless you are working with work a work permit for three years. 4 Link to comment Share on other sites More sharing options...
Popular Post bangsaenguy Posted February 15, 2015 Popular Post Share Posted February 15, 2015 What 3 million? I read 300,000 18 Link to comment Share on other sites More sharing options...
Popular Post lopburi3 Posted February 15, 2015 Popular Post Share Posted February 15, 2015 As above retirement is age 50 but being married does not require any set age and half the income. As for the amount of purchase it is 300k not 3 million so well within a normal amount to pay for land plot. The land needs to be her name and money. Company use to avoid land ownership laws would not be legal if push came to shove so not a good idea for money you can spare in worst case. 4 Link to comment Share on other sites More sharing options...
billphillips Posted February 15, 2015 Share Posted February 15, 2015 What 3 million? I read 300,000Yes your right, OOPPS Sorry. ฿300,000 would be about right for land up here in the NE. Link to comment Share on other sites More sharing options...
Popular Post sanuk711 Posted February 15, 2015 Popular Post Share Posted February 15, 2015 (edited) Why not get married first----a low key marriage ---you don't have to tell anyone, you can have a big reception in a few years--it is probably the best way to secure your 50% of your purchase.....but to your question--No your girlfriend owning land (because you don't own it) will make no difference when applying for an extension Visa. Edited February 15, 2015 by sanuk711 3 Link to comment Share on other sites More sharing options...
Popular Post marioc Posted February 15, 2015 Popular Post Share Posted February 15, 2015 What 3 million? I read 300,000Yes your right, OOPPS Sorry. ฿300,000 would be about right for land up here in the NE. "...............A retirement extension is out until you are 55..........................." Ehi Billphillips, are you sure you are not still sleeping??? You can get a retirement extension at 50! 3 Link to comment Share on other sites More sharing options...
Popular Post rethaier Posted February 15, 2015 Popular Post Share Posted February 15, 2015 ฿3m is quite a lot of money for a house plot. I can only think that at that price it's in the mid City area. Where is it? A company ownership is a good plan to follow. Ensuring that you (only) have preferential voting rights is essential. Buying a house or land now will not really help your visa plans for the future. A retirement extension is out until you are 55. Your finances have to be proved and evidence of a true relationship supplied for a marriage extension. I can't see how water, electric bills etc will assist in that respect, especially as it will all be in your g/f name. I'm not sure of the full details but many posts exist here in the visa section, it's well worth the browse. Hopefully someone with some knowledge will post soon but do check everything because not everyone is the expert that they claim to be. It's 300 thousand and 50 is the age for a retirement visa. 4 Link to comment Share on other sites More sharing options...
Popular Post billphillips Posted February 15, 2015 Popular Post Share Posted February 15, 2015 What 3 million? I read 300,000Yes your right, OOPPS Sorry. ฿300,000 would be about right for land up here in the NE. "...............A retirement extension is out until you are 55..........................."Ehi Billphillips, are you sure you are not still sleeping??? You can get a retirement extension at 50! Yes I think I was!!! Anyways I don't have an excuse, I came here myself on a retirement visa before I was 55. I also read that the land price was 3m. And not the actual 300k that was posted. Note to self ..... Pay attention!!! 6 Link to comment Share on other sites More sharing options...
casualbiker Posted February 15, 2015 Share Posted February 15, 2015 And a marriage visa needs less in the bank. Link to comment Share on other sites More sharing options...
Popular Post wowfactor10 Posted February 15, 2015 Popular Post Share Posted February 15, 2015 Sounds again like a solid plan. Buy the land in your gf her name...State and sign document at land office that it is her money solely. Then use again your money to construct a house on her land.Building cost for u at least one million BHT. May we have an update from you in about 7 years time about how it has all worked out for you ? and if you still live in that house In case you change you mind u can consider renting such a simular house in Isarn first for 2-3 years.By this time you be a lot wiser then you are now! 7 Link to comment Share on other sites More sharing options...
SamJohn Posted February 15, 2015 Share Posted February 15, 2015 it is a lots of money for a land only, unless you are buying it in a really prime locatio, but First of all, glad to hear that you are going to stay and build something here, nevertheless it would be a better plan to start but not by buying a land and registering it on her name, risking everything you have got unless you act found a good lawyer who can prepare a contract for you and her to sign so that you will be the owner of the property built on the land. anyway it is not fair to always doubt our Thai partners but many cases the situation ends always bad for the expats in case his Thai wife or girlfriend but no one knows your partner better than you and I really wish you all the best but do the needed steps to make it clear from the beginning by consulting a lawyer for a big step like this.. In here Thaivisa website they offer a very good advice: check the link (Ask the Lawyer - Thailand Forum) good luck Link to comment Share on other sites More sharing options...
SamJohn Posted February 15, 2015 Share Posted February 15, 2015 you can ask a lawyer here who can give you a good advice: Thaivisa launches Ask the Lawyer Service - Ask the Lawyer good luck Link to comment Share on other sites More sharing options...
paz Posted February 15, 2015 Share Posted February 15, 2015 A lawyer about what ? The law is clear - foreigners can't own land. Even if they could, that would not help getting residency. No lawyer is needed to understand that. 2 Link to comment Share on other sites More sharing options...
Time Traveller Posted February 15, 2015 Share Posted February 15, 2015 ฿3m is quite a lot of money for a house plot. I can only think that at that price it's in the mid City area. Where is it? A company ownership is a good plan to follow. Ensuring that you (only) have preferential voting rights is essential. Buying a house or land now will not really help your visa plans for the future. A retirement extension is out until you are 55. Your finances have to be proved and evidence of a true relationship supplied for a marriage extension. I can't see how water, electric bills etc will assist in that respect, especially as it will all be in your g/f name. I'm not sure of the full details but many posts exist here in the visa section, it's well worth the browse. Hopefully someone with some knowledge will post soon but do check everything because not everyone is the expert that they claim to be. It's 300 thousand and 50 is the age for a retirement visa. ...and no chance for a company set up for the purpose of owning land by a foreigner. Link to comment Share on other sites More sharing options...
Popular Post NCFC Posted February 15, 2015 Popular Post Share Posted February 15, 2015 Buythe land AFTER you get married. If things don't work out you will be entitled to 50% of assets accrued after marriage. Low chance of getting anything back but no chance if your intended owns the asset before you married. 5 Link to comment Share on other sites More sharing options...
SamJohn Posted February 15, 2015 Share Posted February 15, 2015 A lawyer about what ? The law is clear - foreigners can't own land. Even if they could, that would not help getting residency. No lawyer is needed to understand that. Come on Paz, the lawyer consultation is something i did when i wanted to settle down and i bought my wife the land and built a house on it and now the house is mine registered in my name but the land which i don't own because it is registered in my wife's name but my wife cant sell it without getting back some because i own the house on it,, thats what the lawyer did for me to protect my rights, investment and savings from being kicked out with nothing in case something wrong happened, like a divorce .. Link to comment Share on other sites More sharing options...
Jaggg88 Posted February 15, 2015 Share Posted February 15, 2015 Sounds again like a solid plan. Buy the land in your gf her name...State and sign document at land office that it is her money solely. Then use again your money to construct a house on her land.Building cost for u at least one million BHT. May we have an update from you in about 7 years time about how it has all worked out for you ? and if you still live in that house In case you change you mind u can consider renting such a simular house in Isarn first for 2-3 years.By this time you be a lot wiser then you are now! This is good advice OP - there's no rush for financial commitment - also I believe under Thai divorce law it is better to marry first before any purchase. Link to comment Share on other sites More sharing options...
wowfactor10 Posted February 15, 2015 Share Posted February 15, 2015 Sounds again like a solid plan. Buy the land in your gf her name...State and sign document at land office that it is her money solely. Then use again your money to construct a house on her land.Building cost for u at least one million BHT. May we have an update from you in about 7 years time about how it has all worked out for you ? and if you still live in that house In case you change you mind u can consider renting such a simular house in Isarn first for 2-3 years.By this time you be a lot wiser then you are now! This is good advice OP - there's no rush for financial commitment - also I believe under Thai divorce law it is better to marry first before any purchase. Thanks, another reason why renting is a better option is because its more then possible that you do not like the Isarn life style after some months of experiencing it ,So then with a rental property it gives you much more options to pack up your bags and relocate without loosing your 1-2 Million BHT... Link to comment Share on other sites More sharing options...
Popular Post mxyzptlk Posted February 15, 2015 Popular Post Share Posted February 15, 2015 To the OP: If you have stayed in Isaan for more than 3 months at a time then you know what life is like here. It's not for everyone...life in the slow lane....I've lived in Buriram province for nearly 6 years and I love it here...Land, truck, motorbikes all in wife's name...makes it easy when I hit the wires....no need for ANY LAWYERS...however, if you have any worries that your honey is going to "roger you" down the line, then my advice would be....don't invest more money than you can comfortably walk away from....all the best mate 4 Link to comment Share on other sites More sharing options...
mxyzptlk Posted February 15, 2015 Share Posted February 15, 2015 A lawyer about what ? The law is clear - foreigners can't own land. Even if they could, that would not help getting residency. No lawyer is needed to understand that. Come on Paz, the lawyer consultation is something i did when i wanted to settle down and i bought my wife the land and built a house on it and now the house is mine registered in my name but the land which i don't own because it is registered in my wife's name but my wife cant sell it without getting back some because i own the house on it,, thats what the lawyer did for me to protect my rights, investment and savings from being kicked out with nothing in case something wrong happened, like a divorce .. SJ you are starting to sound like a broken record...are you a junior in a law firm looking for business? 2 Link to comment Share on other sites More sharing options...
ggt Posted February 15, 2015 Share Posted February 15, 2015 Use the brain in your head...not the head in your pants...when making monetary decisions in Thailand...learn to trust your brain when it comes to protecting you assets... Try to dismiss the pressure of the little lady or family to invest in their future...at the risk of loosing your hard earned wealth... Link to comment Share on other sites More sharing options...
technologybytes Posted February 15, 2015 Share Posted February 15, 2015 I agree that 300,000 baht is not a big risk, but once you start with financial commitment it can get you in deeper and deeper till the next thing you know you are in for millions of baht before you know it. Sometime, actually often, relationships can change for the worse the deeper you get financially committed. 2 Link to comment Share on other sites More sharing options...
mrfaroukh Posted February 15, 2015 Share Posted February 15, 2015 I don't think you get residency for buying a small piece of land but you loose your money for sure. You get one year visa if you are above 50 years retirement visa that is 800 000 in bank or income of 65000 Baht a month or combination of the two, you marry then you put 400 000 in bank and your marriage certificate, Or get Elite card which will cost you few hundred thousand Baht and you get a 5 years visa. If you are under 50 years old then you can get one year visa with lots of problem by Education visa. If start business then that is another way. Link to comment Share on other sites More sharing options...
SamJohn Posted February 15, 2015 Share Posted February 15, 2015 A lawyer about what ? The law is clear - foreigners can't own land. Even if they could, that would not help getting residency. No lawyer is needed to understand that. Come on Paz, the lawyer consultation is something i did when i wanted to settle down and i bought my wife the land and built a house on it and now the house is mine registered in my name but the land which i don't own because it is registered in my wife's name but my wife cant sell it without getting back some because i own the house on it,, thats what the lawyer did for me to protect my rights, investment and savings from being kicked out with nothing in case something wrong happened, like a divorce .. SJ you are starting to sound like a broken record...are you a junior in a law firm looking for business? I wish , but if some of the guys taking this road, trust me a good official advice is required.. Link to comment Share on other sites More sharing options...
paz Posted February 15, 2015 Share Posted February 15, 2015 I wish , but if some of the guys taking this road, trust me a good official advice is required.. Sure. Let us know when your officially endorsed piece of paper lets you recoup your losses in Thailand. Link to comment Share on other sites More sharing options...
SamJohn Posted February 15, 2015 Share Posted February 15, 2015 I wish , but if some of the guys taking this road, trust me a good official advice is required.. Sure. Let us know when your officially endorsed piece of paper lets you recoup your losses in Thailand. Therefore, it would be nice if you enlighten us with what you know Paz... Link to comment Share on other sites More sharing options...
Popular Post Smurkster Posted February 15, 2015 Popular Post Share Posted February 15, 2015 Don't listen to anyone on here going "stupid idea, she's gonna hose you" etc etc...they don't know your wife and have no right to assume she's going to cheat you. Granted it does happen frequently in these parts and many people have been screwed over, but only you know your woman no one else....good luck hope it all works out 4 Link to comment Share on other sites More sharing options...
poweratradio Posted February 15, 2015 Share Posted February 15, 2015 ฿3m is quite a lot of money for a house plot. I can only think that at that price it's in the mid City area. Where is it? A company ownership is a good plan to follow. Ensuring that you (only) have preferential voting rights is essential. Buying a house or land now will not really help your visa plans for the future. A retirement extension is out until you are 55. Your finances have to be proved and evidence of a true relationship supplied for a marriage extension. I can't see how water, electric bills etc will assist in that respect, especially as it will all be in your g/f name. I'm not sure of the full details but many posts exist here in the visa section, it's well worth the browse. Hopefully someone with some knowledge will post soon but do check everything because not everyone is the expert that they claim to be. There is only 5 zeros in his figure IE. 300 thousand baht not 3 million Link to comment Share on other sites More sharing options...
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