Mr. Guo is a Taiwanese who has been working and living in Cambodia for 7 years. He recently decided to stay in the kingdom and pursue further career development. Therefore, Mr. Guo wanted to purchase and own a house for personal use. He chose a pre-sale Borey project from a famous developer near the airport since he thinks the area has high investment potential.
However, he struggled to deal with the Borey sales team and legal department since a foreigner cannot own a landed property by the Cambodian regulation. The developer suggested he get a native nominee to sign the contract and hold the property.
Mr. Guo has been living in Cambodia for a while and understands the risks of the nominee structure. So he came to Stronghold Trustee for consultation.
After listening to his demands, our team helped set up a 5-year flat house trust and assisted with related transactions such as signing the contract with the developer on behalf of the client and ensuring the title transfer process was completed. Most importantly, we make sure to finish the Trust Registration, and the flat house is protected by Cambodian Trust Law.