The Thai law is quite clear regarding farangs not allowed to own land. The majority of the Thai people think this is good to Thailand. This is not likely to change for a long time to come – even if farangs think differently. When I here about all new good ideas how to own land nothing has come out that I see as a safe way. However – those wishing to take a risk can do so without me thinking bad about it. Life is about taking risks. Anyone prepared to take the risk of owning land through a company is free to do so. He is not stupid in any way as he knows in advance the pluses and minuses. But those now trying to set up very complicated things should realise it will still be risky – do not underestimate the Thai way of dealing with farangs they think do not play according to their rules.
Beguine made an interesting comment regarding all Thai ladies are not likely to dump their farang husbands – I fully agree. Having seen a lot during the years here I am of the opinion that quite often it is the farang men who leaves their Thai women. Many times after having treated their wives in a way no human should be treated!
Foreigners can no longer buy houses in Thailand via company.
With all due respect Beguine and off-topic I know, but not everyone will appreciate your sneering references to Thai woman from Isaan! My wife comes from there and whilst from a poor farming family (by UK standards), She is neither illiterate or unintelligent (and is working towards qualifications that will help supplement my incomeBeguine wrote:Finally, I suspect that there are several people here in addition to myself who do not appreciate your sneering references to Thai women. While there are many imperfect examples to be seen in Hua Hin, not all Thai women are illiterate farm girls from poor villages in the Northeast under pressure to hook a not very bright farang to support the children they produced as gymslip mothers. Some of us have Thai wives or girlfriends with university educations who work in decent jobs for good salaries.
), but would it matter if she was? Your comments reflect the very snobbery that I want to get away from!!!Also confused about your reference to only being able to buy gold in cash? Thats not my experience, but then I'm not talking mega bucks.
Talk is cheap
@ beguine
Thanks very much for your detailed comments.
Well, about buying Thai-Gold, everybody is permitted to buy as much as he like to get or can afford.
I never gave the idea to export it, and for what?
Just go to a gold-shop in Thailand!
If you bought about i. e. 100 Baht Gold in the last years, you paid about 550,000 Baht in average.
Today you can sale it for about 1 mio without paying taxes, or any other problems.
You even can get your money in cash, and don’t need to search for a buyer for years.
Every bank offers you also a safe-box to depose your gold; there is no need to be scare about robbers.
Additional you can exchange Thai-Baht into US$ , Euros or Pound Sterling, too, without any problems.
Of course, if you want to get more than US$ 20,000 you'll be asked to fill out a paper to explain where the money is coming from (sale gold), and what you want to do with it (i.e. holidays, paying bills in your home-country etc.)
About marriage, true, it's a 2 way street normally.
BUT, just a minority of Farangs has wives or gf with university education who works in a decent job additional, and never were involved in any red-light-business.
I'm not speaking about these happy(?) exceptions, but about the everyday-case...and there all is a little bit different, as you should know, if you have any deeper knowledge about the life in Thailand.
At last about renting a property.
Well, in our countries, even in the whole EU is it correctly, probably, that renting isn't a good long-term proposition.
But, you can be a 100% owner of your property, and don't need to make risky contract-constructions with any real estate agents, (fake-?) shareholders or involved lawyers.
In TH it looks a little bit different in the moment, right?
If I invest (as I had done) my money safety in Europe, I can pay the biggest part or even all of my annual rent here in Thailand.
Means, I have my house for free, and can keep my money, too.
If you’re lucky and get a pension or any other income from Europe beside, you won’t have any problems to afford a nice lifestyle in TH without any worries.
No needs to think always about coming laws, changing laws, changing governments, changing law-interpretations etc.
Why to run into a risky adventure, if life can be so easy?
@ silverbird
I'm totally agreed with your comments.
Just in view of the Thai-Lady's I could see and sample different experiences in the decades ago, unfortunately.
In the most cases the Thai-Ladies (and her familys) bullshit the pink-eyed Farang, especially if he was too generous in the beginning of the relationship…but it's also true that some Farangs treat their gf not in a gentleman-like way sometimes.
Seems to be the “modern lifestyleâ€
Thanks very much for your detailed comments.
Well, about buying Thai-Gold, everybody is permitted to buy as much as he like to get or can afford.
I never gave the idea to export it, and for what?
Just go to a gold-shop in Thailand!
If you bought about i. e. 100 Baht Gold in the last years, you paid about 550,000 Baht in average.
Today you can sale it for about 1 mio without paying taxes, or any other problems.
You even can get your money in cash, and don’t need to search for a buyer for years.
Every bank offers you also a safe-box to depose your gold; there is no need to be scare about robbers.
Additional you can exchange Thai-Baht into US$ , Euros or Pound Sterling, too, without any problems.
Of course, if you want to get more than US$ 20,000 you'll be asked to fill out a paper to explain where the money is coming from (sale gold), and what you want to do with it (i.e. holidays, paying bills in your home-country etc.)
About marriage, true, it's a 2 way street normally.
BUT, just a minority of Farangs has wives or gf with university education who works in a decent job additional, and never were involved in any red-light-business.
I'm not speaking about these happy(?) exceptions, but about the everyday-case...and there all is a little bit different, as you should know, if you have any deeper knowledge about the life in Thailand.
At last about renting a property.
Well, in our countries, even in the whole EU is it correctly, probably, that renting isn't a good long-term proposition.
But, you can be a 100% owner of your property, and don't need to make risky contract-constructions with any real estate agents, (fake-?) shareholders or involved lawyers.
In TH it looks a little bit different in the moment, right?
If I invest (as I had done) my money safety in Europe, I can pay the biggest part or even all of my annual rent here in Thailand.
Means, I have my house for free, and can keep my money, too.
If you’re lucky and get a pension or any other income from Europe beside, you won’t have any problems to afford a nice lifestyle in TH without any worries.
No needs to think always about coming laws, changing laws, changing governments, changing law-interpretations etc.
Why to run into a risky adventure, if life can be so easy?
@ silverbird
I'm totally agreed with your comments.
Just in view of the Thai-Lady's I could see and sample different experiences in the decades ago, unfortunately.
In the most cases the Thai-Ladies (and her familys) bullshit the pink-eyed Farang, especially if he was too generous in the beginning of the relationship…but it's also true that some Farangs treat their gf not in a gentleman-like way sometimes.
Seems to be the “modern lifestyleâ€
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malcolminthemiddle
- Guru
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- Joined: Sat Mar 05, 2005 1:56 pm
- Location: Here,there and everywhere
I don't think it is as simple as that. Although, possibly the land maybe registered in the childs name, until the child is of legal age, a guardian(s) must be appointed and registered. This could actually be one way to get a foreigners name on the land title as a guardian.hogus wrote:Sure, you can buy land & house in his name...
BUT it's no guarantee for YOU, mate!
If you've bad luck, and get a divorce, your wife will get the education right include the property of your kid normally!
It's similar as in Europe, or other western countries!
On this topic you should take proper legal advice.
And when you have please post your findings for all our education.
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tuktukmike
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hunterroute
- Novice
- Posts: 8
- Joined: Sun Apr 17, 2005 10:59 am
- Location: Hua Hin + wherever I want to be
- Contact:
er think id rather rent ! cheers fellas@ hunteroute
This was exactly what I meant.
Of course, this can be happen in all countries, and in every relationship.
In view of house & land purchases for foreigners in TH, even a registration on their kids name doesn't show a special legal security.
Legal advices as Mal asked for can be found i. e. in the following sections of the act:
Section 1514, Section 1515, Section 1516 (all general)
Section 1483, Section 1484 (marriage property)...and so on
Last not least the court will rule, if the partners/parents cannot agree.
For detailed information and individual cases everybody should try to find a good and trustful lawyer.
As best from big lawyer-offices in Bangkok with western educated Thai-stuffs.
Of course, this could be a little bit expensive, but better more than to lose (?) more than necessary, right?
This was exactly what I meant.
Of course, this can be happen in all countries, and in every relationship.
In view of house & land purchases for foreigners in TH, even a registration on their kids name doesn't show a special legal security.
Legal advices as Mal asked for can be found i. e. in the following sections of the act:
Section 1514, Section 1515, Section 1516 (all general)
Section 1483, Section 1484 (marriage property)...and so on
Last not least the court will rule, if the partners/parents cannot agree.
For detailed information and individual cases everybody should try to find a good and trustful lawyer.
As best from big lawyer-offices in Bangkok with western educated Thai-stuffs.
Of course, this could be a little bit expensive, but better more than to lose (?) more than necessary, right?
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appleman_thai
- Amateur
- Posts: 48
- Joined: Tue Jul 26, 2005 8:26 pm
- Location: Dublin, Ireland
Time
Anyone who knows anything about real estate investment would know that it is a long term investment....... just because there has been some "memo" from the Ministry of Interior shouldnt mean that we all have to panic.
the best advice for now is to wait and see what develops.
I remember many times before about the clampdown on fake DVD's, CD's, Watches T-shirts etc - but after some weeks everything gets back to normal. Why? Cuase there is money involved and people can turn a blind eye (if its worth their while!).
On a positive note I think this will put a little brake on the property explosion (which is no harm) and it also means that those of us who invested in condos should see our condos increasing in value. Also, the people who would have bought, will now rent meaning that the rental demand will increase for those who have taken a risk and bought houses/condos.
In ever cloud there is a.......
the best advice for now is to wait and see what develops.
I remember many times before about the clampdown on fake DVD's, CD's, Watches T-shirts etc - but after some weeks everything gets back to normal. Why? Cuase there is money involved and people can turn a blind eye (if its worth their while!).
On a positive note I think this will put a little brake on the property explosion (which is no harm) and it also means that those of us who invested in condos should see our condos increasing in value. Also, the people who would have bought, will now rent meaning that the rental demand will increase for those who have taken a risk and bought houses/condos.
In ever cloud there is a.......
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Limey711
- Specialist
- Posts: 199
- Joined: Sat Jan 08, 2005 11:05 pm
- Location: Hua Hin loving it.
- Contact:
I wish some one would remove this thread. Since it has been running I have been totally confused, sending e-mails left, right and centre.
I have been told not to worry about it by certain people, saying it should not effect us. I am about to fully commit myself and move into our house in Hua Hin in 8 weeks time, when I see some of the comments within this thread I tend to get worried.
I have been told not to worry about it by certain people, saying it should not effect us. I am about to fully commit myself and move into our house in Hua Hin in 8 weeks time, when I see some of the comments within this thread I tend to get worried.
The sweetest girl that I ever kissed was another man's wife.....My Mother