Land Ownership Options-once again

[1Ray1]

Instead of forming a company, or leasing from a Khmer owner, another suggestion I heard about, is that I could use certain (international) law firms, for example, who would on paper own 51 % of my land, while I officially own the other 49 %, and then a contract would be drafted which should give the foreigner (me) the best possible safety to own and keep his land, including the right to sell it etc.

As I understand it, one advantage is that one doesn't have to make an annual tax report, and pay for that.

How do you rate this option as compared to the other two? What happens, if that company (or lawyer) ceises to exist, for example?

Have you gone down that road, or any of the 3 mentioned above, what are your suggestions ( and I don't mean the notorious ney-sayers' suggestions here), and experiences concerning these?

[robboat]

Instead of forming a company, or leasing from a Khmer owner, another suggestion I heard about, is that I could use certain (international) law firms, for example, who would on paper own 51 % of my land, while I officially own the other 49 %, and then a contract would be drafted which should give the foreigner (me) the best possible safety to own and keep his land, including the right to sell it etc.
As I understand it, one advantage is that one doesn't have to make an annual tax report, and pay for that.
How do you rate this option as compared to the other two? What happens, if that company (or lawyer) ceises to exist, for example?
Have you gone down that road, or any of the 3 mentioned above, what are your suggestions ( and I don't mean the notorious ney-sayers' suggestions here), and experiences concerning these?

Form a company, or get a good Cambodian friend to act as 51% share owner.....or go completely offshore?
The first two options have been proven to work (albeit with some issues) but the last option is really only open to "approved" foreign companies who spend a lot of money in Cambodia.
Otherwise I suspect that any Cambodian claiming your title will be given a better hearing than some foreign company....you will loose for sure.

HE stated that Cambodia is for Cambodians.....not foreigners.
That is why the land ownership will not be given directly to foreigners...only air space for apartments off the ground floor.

Save yourself some trouble and get a good company sorted out.....the poster "proyat" has a working company purchasing property in Cambodia so he could be a good source for information.

I went with my Cambodian wife and 60/40 ownership of land.........the family look after things pretty well.
This is written into Cambodian law (for what its worth) but it gives a clear ownership position.

Hope this helps.

[sattroni]

An friend of a friend has just bought land in his own name , the solution , get Cambodian citizenship , cost
him about 50 K , which is about the same or less than a Cambodian wife . ( The land is worth a mil )

[1Ray1]

An friend of a friend has just bought land in his own name , the solution , get Cambodian citizenship , cost
him about 50 K , which is about the same or less than a Cambodian wife . ( The land is worth a mil )

Always good to have enough dough to buy a citizenship. Not an option for me, though....my investment will not be on a smaller scale.

[1Ray1]

.....will be on a smaller scale, I mean.

[robboat]

An friend of a friend has just bought land in his own name , the solution , get Cambodian citizenship , cost
him about 50 K , which is about the same or less than a Cambodian wife . ( The land is worth a mil )

Only $50k.......that is cheap......but who did the $1m go to for the land...?

Must be the higher ups cashing in again........?

Is there a back story to this...?

[1984]

I don't think 50k is cheap, prices I've heard discussed are from 30k - 50k, but I think the lower number was some time ago. Prices going up!

The Law firm option is OK and many people do it, it ultimately depends on the quality of the law firm. If they're good and your happy, no problem.

[1Ray1]

Has anyone transferred land lately (especially in SHNV)?

How much did it cost (let's say you didn't have to pay for a Hard Title, 'cause the seller provided you with a proper HT)?

Does it depend on the size / value of the plot, or is it always the same amount?