to buy or not to buy !
to buy or not to buy !
i have been checking out lots of the posts on here regarding property , purchasing , thai laws etc , i looking to buy some sort of home in HH within the next 6 months , i mentioned to my thai wife about setting up a thai company and purchasing the property that way , i could sense she was not too pleased with the idea ! was just wondering how you guys with thai wifes went about your home buys ? did you buy on the side of caution or take a bit of a gamble and put in your wifes name ?
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Guess
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My understanding is that the difffernece between wife and G/F is important here in Thailand.
If you start a company you can own 49% and you will become the MD with a minority shareholding. The remaining 51% is owned by a number of solicitors scattered all over the country.
If you are married then the best thing to do is to give 49% of the shares to your wife. She is entitled to about 50% anyway. This way you have equalkity and you will render the solicitors impotent.
As for girlfriends are concerend, I know nothing. I have heard of many horror stories though, mainlly involving misplaced trust. If your are not sure then do it on your own. It is not your girlfriends concern regarding the property in which you live or have invested in. If she questions you on the subject, my guess is it's for an ulterior motive.
If you start a company you can own 49% and you will become the MD with a minority shareholding. The remaining 51% is owned by a number of solicitors scattered all over the country.
If you are married then the best thing to do is to give 49% of the shares to your wife. She is entitled to about 50% anyway. This way you have equalkity and you will render the solicitors impotent.
As for girlfriends are concerend, I know nothing. I have heard of many horror stories though, mainlly involving misplaced trust. If your are not sure then do it on your own. It is not your girlfriends concern regarding the property in which you live or have invested in. If she questions you on the subject, my guess is it's for an ulterior motive.
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This topic has been covered many times:
http://www.huahinafterdark.com/forum/vi ... php?t=1507
http://www.huahinafterdark.com/forum/vi ... php?t=1619
However it is still one that interests me as I do plan on buying something at some stage here.
As said above, if you are legally married here then the 50:50 split is more viable but I personally wouldn't put anything into a "girlfriends" name unless I can afford to lose it. There is no logical reason for a Thai wife not to be supportive of setting up a company to purchase property unless she wants it all in her name for a reason.
http://www.huahinafterdark.com/forum/vi ... php?t=1507
http://www.huahinafterdark.com/forum/vi ... php?t=1619
However it is still one that interests me as I do plan on buying something at some stage here.
As said above, if you are legally married here then the 50:50 split is more viable but I personally wouldn't put anything into a "girlfriends" name unless I can afford to lose it. There is no logical reason for a Thai wife not to be supportive of setting up a company to purchase property unless she wants it all in her name for a reason.
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
to buy or not to buy
Is there a need to form a company at all if your wife is Thai and you know that you can trust her?
I hope this is a naive question, but my plans have always been to retire to Thailand and to buy property in my wife's name.
If that is not feasible, can somebody please explain why?
I hope this is a naive question, but my plans have always been to retire to Thailand and to buy property in my wife's name.
If that is not feasible, can somebody please explain why?
to buy or not
Buksida,You don't need a form? Should be: You don't need to form a company.
Thanks for that - however, had to look at 2nd message several times to work out where I'd gone wrong.
Not really sure what the F%@# has happened to this thread but anyway ...
Farang, thanks for the offer, we will have a chat. I'm not planning to rush anything ... how long have I been here?!
BB, No problems at all if you know you can trust your wife. However would you put everything into your partners name in the UK (or wherever you're from)? In my view an investment as large as buying a house needs to be secure for both parties involved. Everything in a Thai name where a foreigner has less legal rights than a soi dog doesnt sound very secure to me.
Norseman, put that beer down ... or at least bring a couple round for me!
Farang, thanks for the offer, we will have a chat. I'm not planning to rush anything ... how long have I been here?!
BB, No problems at all if you know you can trust your wife. However would you put everything into your partners name in the UK (or wherever you're from)? In my view an investment as large as buying a house needs to be secure for both parties involved. Everything in a Thai name where a foreigner has less legal rights than a soi dog doesnt sound very secure to me.
Norseman, put that beer down ... or at least bring a couple round for me!
i think i have the answer !! we have a house in Khonkaen ( in her name but money borrowed from thai bank ) , and i ve said " my love do you think we need a bigger house for our future off spring ? "BINGO ! sweetmouth kevars , now shes distracted im thinking of setting up thai company and purchasing in HH , MM THE WORLD IS MY LOBSTER ! 
