Buying a condo in Chang Mai?

I believe there are ways to circumvent the ownership concepts Boong and I outlined.

1.  The major stockholder CAN be an AMERICAN owned holding company under the Amity Agreement. This is limited to Americans only.  The Amity Agreement requires either Thailand or the USA to give a 1 year advance notification of withdrawal.

2.  Currently, it is looking more and more possible that Thailand will withdraw from the Amity Agreement, because in the past the USA has given massive amounts of $ to Thailand, which will not be happening the future, either in NGO support or in miltary support.

3.  (America paid for friendship and special privileges). Now, America did a lot for Thailand, Thai history, Thai military, Thai monarchy, etc. in the past. But that America is gone, and Thailand is not known for having a long term memory.  So these times are changing, and will soon disappear from recollection.

4.  if the land upon which the Condo sits was bought by your wife, in her name, with her own indisputable wealth, you can                                                           be willed the land in the event of her death preceding yours, and you can hold the land in your name, but the LTO won't cooperate with Thai Law.

5.   If the property sits on land granted to foreign ownership by the monarchy, which is above the law, you can transact business with that land, without dispute from anybody.

6.  If any of the owners of condo's liquidate, abandon, change ownership in anyway to a non-Thai, and the ownership of the Condo goes foreign, u can not legally own your condo, if it goes "thai" the maintenance will go down over time, and the smell of chili and durian will fill the building.  this will happen .. unless things are very closely and expensively managed with integrity