[tooratrack]

Why not have foreigners buy stock to land. I've seen this done on small islands off the east coast of Africa.

A Thai company is set up to buy land. When a foreigner wants to buy land in Thailand, they go to this Thai company. A foreigner gives the Thai company the money to purchase the land, and the Thai company then issues 95% of the stock directly to the foreigner relating to the land which the foreigner wishes to purchase. (Known as "Stock to Title").

1) The foreigner gets to live on the land as long as he wants.
2) If the laws ever change, the foreigner can purchase the remaining 5% stock from the Thai company, and tranfer the title
3) As the land appreciates, so does the stock.
4) If the foreigner ever decides to sell the land, the Thai company simply has to sell it for him, and will give him 95% of cash received (buying back the stock).
5) If the foreigner's thai spouse dies, the family cannot take over simply because the souse does not own the stock, the foreigner does.
6) foreigner must pay all annual property taxes, otherwise, the thai company could force an early sale of the land.
7) The Thai company makes money by receiving 5% of the value of land at the time of sale.

Anyone out there with legal knowledge? Would this work?