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Main » Articles » Real Estate » International property

Legal subtleties of purchasing property abroad

Countries that have complicated ...

In the Czech Republic to buy a property, you must be a legal entity, and, how to create a company is quite simple. The alien receives annual business visa, and after - twice a residence permit valid for 2 years. After this time, you can already apply for permanent residence. Thus, after five years, the owner becomes a full member of the Schengen space.

By the way, in Italy and in England, to obtain residence permit, is not enough simply to own property, you need to organize more and the real business.

In Slovakia, as in the Czech Republic, buying property, you must be a legal entity. The founder of the firm may be a foreigner, but the manager must first be a Slovak, while parent does not receive a business visa (residence permit) (about 5 months). Upon liquidation of the company, by the way, have to sell the property.

In Slovenia, although the purchase of square meters is allowed to individuals, but the Russians are more reliable and easier to acquire their business name. Just as in Slovakia, the founders may be foreigners, and the director - a citizen of the country. Moreover, the firm should be operating and to pay taxes. Buying apartments in Slovenia, rely on the rapid acquisition of citizenship of that country, thanks to its own `` square meters, it is impossible: it would take ten years, and all this time to live here. Acquired Slovenian citizenship after two years can, by entering into a marriage with a citizen of the country.

Bulgaria to buy real estate a natural person may, without restriction. However, the Bulgarian legislation does not permit foreigners to be full owners of the land (as in Russia, by the way). Non-resident has the right to own apartments, office or home, but not the land on which all these buildings are located. Houses are bought either by a legal person (for this it is necessary to establish a company, founded by a foreigner, buying a house), or purchased without the land and with the inability or unwillingness to establish a Bulgarian company, outdoors site is owned construction company.

Buying property in Bulgaria, we must remember that the possession of the dwelling the subject here, does not entitle the alien to live permanently in this country or to work. A foreign citizen may use his apartment only for holidays, get a tourist visa type C (a double), authorized on Bulgarian soil 90 days during the year are allowed to draw such a visa twice. If the property purchased by a legal person, it allows a person to obtain an annual business visa with the right to stay in Bulgaria up to 180 days. If a foreigner plans to stay on the Bulgarian coast longer, it will have to deal with the case: to create jobs for Bulgarian citizens to pay insurance and social security contributions - the only way to get a Bulgarian residence permit.

In general, Bulgaria - a country that has been closely monitoring the activities of non-residents, and therefore permit for one year may be extended only if the alien has lived in Bulgaria more than 180 days during the year. And only after the permanent extension of the permit within 8-10 years the alien has the right to obtain Bulgarian citizenship. Or to invest in the economy of the country's 500 thousand euros. Moreover, they are allowed to spend on personal goals: to buy a house, boat, etc.

Incidentally, a similar situation and in Mauritius - one of the fabulous islands of the Indian Ocean. To obtain the right of permanent residence here, the foreigner is obliged to buy a house here worth at least half a million euros.

Switzerland - a country where foreign nationals to buy real estate is very, very difficult. Swiss as neighbors are only loyal and wealthy citizens. Probably why the Russians among buyers with 10% of the total number of buy real estate in the country of foreigners. And local authorities are more liberal with the citizens of EU countries and there is absolutely no - to come from the USSR. In Switzerland, the law of lex Friedrich, which prohibits foreign nationals without a residence permit, buy real estate. In addition, in each of the 23 cantons of the country, operates its own constitution, tax laws and rules of tenure: in some cities, foreigners are allowed only to rent a `` square meters.

Aliens who live abroad can buy a home in the tourist areas of Switzerland or industrial buildings for manufacturing. Those who have a residence permit category B, are permitted to purchase items for personal use area not more than 3000 square meters, but the owners permit category C (to be lived in the country 5-10 years to show itself as a reliable and good citizen) is `green light ' any real estate in Switzerland and private enterprise.

In connection with all these difficulties, the Russians have to register with the Swiss firm to hire at least three local residents, and thereby get the right to stay in the country. Nevertheless, buying real estate in Switzerland does not entitle foreigners to stay in this country for more than six months of the year (90 days per trip).

To buy an apartment in Austria, in general, need to live in the country for three years!

Restrictions apply, and for those who want to buy ownership in Australia. Foreigners in Australia can purchase only `primary 'housing: apartments, townhouses only in new buildings and only before or during their construction and to the point of settlement. Become the owner of the secondary housing to the foreign citizen is virtually impossible. The right to own 'Resale' have only foreigners temporarily residing in Australia for over 12 months. Lettings such housing can not, and after a visa or upon termination of residence in Australia it must be immediately sold. Resale can buy foreign companies for their employees, who will be living in the country over a year.

`To purchase this house, - said the deputy governor of the company Avenue Property Larissa Khoreva - any foreigner will need to obtain prior authorization (prior approval), the Australian Government of a foreign investment of the Supervisory Board before the conclusion of the contract. This document does not need only to those who have a foreign spouse of an Australian citizen and wants to acquire property for future rental, an Australian citizen living abroad or a foreigner with temporary residence permits, visas 'special category', as well as a New Zealand citizen . If the future owner did not receive prior authorization before signing the contract, it could entail not only the abolition of the contract and restitution of property and financial losses. In addition, unabiding purchaser can be fined or even arrested. Incidentally, when the alien makes an application for leave, he must specify the address of the property, which wants to buy `.

Countries that simplified ...

In Spain, the complexity of the acquisition of housing almost never occur. The only thing that should be taken into account: in Spain for the conclusion of the sales transaction requires the consent of the spouses (a) a property owner, or the right new owner at any time can be challenged. It should also be cautious when signing the Escritura - the main instrument of sale. In order to reduce taxes and costs of design Spaniards often advised foreigners to indicate underestimated by 10-20% from the actual price value of the object, but in the case of resale of such real estate must be legal problems. Knowing this, will have to choose: either the economy and legal difficulties in the future, or taxes. Taxes include: VAT at 7% of the cost of the facility or 16% - for an area and contracts for the construction of housing, the tax on documented legal acts (or transfer tax) - 0,5% for the object in the primary housing market and 6% the transaction amount in the secondary).

But buying property in Croatia can and physical and legal persons subject to the sighting of the transaction in the Ministry of Foreign Affairs and the Ministry of Justice. And while utility payments for individuals are lower, but it is not possible to obtain a residence permit. Director of the company and employees, by contrast, can first obtain a residence permit, and after 5 years - permanent residence

In Dubai, the buyer automatically receives a residence permit - a three-year multiple visa which is issued as the expiration date. Residence permit as the spouse receives the owner's daughter to marry and a son to adulthood. All other relatives can be issued visitor visa - it is issued for six months and can be extended for another six.

In Andorra, the availability of apartments also gives the right to obtain a residence permit, and buy real estate is easy.

The owner of real estate in Belgium, may dispose of his property at their discretion: to live, rent, lease, sell. Moreover, bought on credit `` square meters, once registered in the name of the buyer, who immediately becomes its official owner.

Americans are too greedy and can not provide for the purchase of housing in much of the credit amount previously audited the financial solvency and credit history of the buyer.

In Germany, although the acquisition of real estate is not a basis for obtaining a residence permit, but nevertheless is a strong argument for this. On the home buying process and its registration takes 2-3 months, after which a foreigner can obtain a visa category `C 'for a period of 90 days or business visa for 6 months. By the way, those who buy in Germany, living space for his own residence, can receive the donation, interest-free and tax-free loan for 8 years.

Own real estate in China can, both residents and nonresidents. Restrictions for foreigners to purchase there, and residence in China, in general, does not exist. After the transaction of sale was signed in the presence of the Chinese notary, the buyer is issued a document on the right of ownership. Moreover, the apartment is issued only for one person.

A foreigner who buys property in Brazil, issued a permanent visa valid for 5 years. However, once you can not live more than 6 months of the year (3 at once and 3 - to extend the visa). But investing in the Brazilian economy 200 thousand dollars, you can immediately get a residence permit.

Total ...

Despite its regulations in force in each country, they are partially similar. Foreigners to own real estate competently another country, we must either work in the state, thereby improving their economic condition, or to invest a large sum of money into its economy, or be a good person, not to destroy what has already been created. But all eventually boils down to getting some benefit from the arrival of additional rights in the country. What, in other matters, right.

Russia's legislation, by the way, also requires compliance with set rules of foreigners: the inability to acquire land, but only the structure, held lengthy procedure for obtaining residence permit and citizenship, as in many EU countries.

In other words, foreigners can please only the fact that ownership of immovable property is an argument for obtaining permanent residence (as in Germany), but still not an excuse. But here `same` foreigners in Russia, unfortunately, are Americans, and Russian from the CIS ...

Category: International property | Added by: Дмитрий (19.03.2010)
Views: 287 | Rating: 0.0/0

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