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Apartments in Vientiane (Read 39815 times)
 
Tee
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Re: Apartments in Vientiane
Reply #30 - 7th Apr, 2011 at 10:23pm
 
Hi Oldman
Thanks for your input!
So you said this could work? I couldn't find any Law mention about Strata tile or share tile? I think the only way to set it up by make is as a service tile. What do you think?
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llX
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Re: Apartments in Vientiane
Reply #31 - 7th Apr, 2011 at 10:25pm
 
Tee wrote on 7th Apr, 2011 at 1:23pm:
This project after finish will need to employ 6 full-time staffs to manage the property and about 10 staffs for the shop and the restaurant,that is job to the local.


I like your business plan, and creating jobs for locals at the same time.
Smiley Cool
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PEACE
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Re: Apartments in Vientiane
Reply #32 - 8th Apr, 2011 at 3:17am
 
Does $500,000 investment cutoff applies to hotel business only?  What other business types like restaurants?

Quote:
Your best market for customers to buy timeshares in the units would be the very large Hmong communities in the U.S., many of whom visit Laos regularly and would like to have a regular place where they could stay for a month each year or so.

For marketing to those people, you could work through the Hmong organisations in the U.S.  They probably have their own newspapers, websites, etc. that you could advertise in.

The new regulations concern guest houses (no new ones to be allowed) not mid-range/high-end hotels and bought properties.  Foreign investors are allowed to own land if they invest at least US$500,000.



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Old Man
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Re: Apartments in Vientiane
Reply #33 - 8th Apr, 2011 at 2:06pm
 
The govt. just said $500,000 investment without specifying what kind of investment, but only certain investments (like defense investments, etc.) are forbidden.  The forbidden investments are stated in the investment law and are logical.
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Old Man
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Re: Apartments in Vientiane
Reply #34 - 8th Apr, 2011 at 2:10pm
 
Tee wrote on 7th Apr, 2011 at 10:23pm:
Hi Oldman
Thanks for your input!
So you said this could work? I couldn't find any Law mention about Strata tile or share tile? I think the only way to set it up by make is as a service tile. What do you think?


You won't find any law like that in Laos.  Remember, they are new to this capitalist stuff.  It wasn't even introduced in Australia until 1961

Quote:
Strata title was first introduced in 1961 in the state of New South Wales, Australia, to better cope with the legal ownership of apartment blocks. Previously, the only adequate method of dividing ownership was company title, which suffered from a number of defects, such as the difficulty of instituting mortgages. This term also applies to house-type strata title units in Australia.



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