I’m writing a Substack newsletter about it.
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More farangs should know about the options when buying in Thailand. If you attempt to structure your Thai assets through a trust, the authorities will simply pretend it doesn’t exist. All you have are three options in terms of property—lease, usufruct and superficies.
You probably heard the recent news that Norwegians can have their land and other property taken by their government?
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2079.html Norway has issued wartime requisition notices to 13,500 civilians warning that vehicles, land, buildings and equipment can be taken for defence….with compensation later.
It could easily also happen in Thailand. It’s scary cos Thailand doesn’t even recognize a common law jurisdiction, and it does not recognise the separation between legal ownership and beneficial ownership in the way that the UK, Ireland, Australia, or the United States do. Please DYOR.