@Todd ********

it's a neat solution but technically it's smoke and mirrors.

@Todd ********

I have set up structures like this for projects where the majority shareholder is a Thai nominee of the land owning company and a BVI company as one foreign juristic entity is the minority shareholder. The owners of the properties in the gated community are shareholders of the BVI company and it is this BVI company which has a 30-year lease with the landowning company. The way to get around the 51% majority Thai shareholder having control is to issue ordinary and preference shares which gives the BVI company majority voting rights thereby ensuring they would never veto their right to renew the 30 year lease upon expiry. In effect this means that the lessee's have a lease with themselves as the lessor.

@Neil *******

nope. A rolling lease is not enforceable under Thai law.

@Todd ********

the problem is the Thai nominee as the majority shareholder.

@Paul *******

there is no such thing as a 30x30 lease in Thai land law.

@Nikolai ***

not really. It's the Thai baht going down against the Aussie dollar which has given the Aussie more value as it has against the pound, euro and dollar.

@Will ***********

that makes no difference. You can use Revolut in the UK and worldwide. However given the choice I would recommend Wise if we are talking about fintech companies rather than traditional banks.

You can register a foreign address with Nationwide but you will have to open it first with a UK address and then change it later to your address in Thailand.

@Chris ****

just to confirm it works. I'm registered. The first time I tried to register with the mobile phone number but I couldn't get it to work somehow so I tried again using my email address and then scanned the code on the license and all is well. One less piece of plastic to carry around with me. Thank God for Google translate!

@Chris ****