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Main » Articles » Real Estate » Properties in Russia

Can foreigners buy property in Russia?

Real estate for foreigners: buy a can, can not sign up

RF Constitution provides foreign citizens and stateless persons the same rights and responsibilities as Russia's citizens. The only exceptions are the cases established by federal laws and international treaties. That is, in respect of immovable property to foreigners are some limitations.

In accordance with the law of a foreign citizen - a natural person who is not a citizen of Russia and has proof of citizenship (nationality) of another state, as a stateless person - a natural person not a citizen of Russia and not having proof of citizenship (nationality) of a foreign state .

Foreigners and the earth

Currently, the right of foreign nationals, foreign legal persons and stateless persons to acquire ownership of land in Russia are determined by the Land Code and other federal laws. The first restriction, which deals with this category of persons is contained in Art. 15 of the Land Code. This paper determines that foreigners, stateless persons and foreign legal entities may not have ownership rights to land plots located in border areas. This includes the border zone, Russia's portion of border rivers, lakes and other waters, inland waters and territorial seas of Russia, which established the border regime, the checkpoints across the state border. And also the territory of the administrative districts and cities, and health-resort zones and protected areas adjacent to the border, the border zone or checkpoints. A specific list of the lands determined by the President of Russia in accordance with federal law on state border.

The Land Code also limits to foreigners, stateless persons and foreign legal entities to obtain land, which are in state or municipal property, free of charge.

Agriculture - not for foreigners

Certain limitations exist in the law on turnover of agricultural lands. The document stipulates that such land can not be granted to foreigners to ownership. Possession and use of such sites are allowed only on loan.

The question arises: what rules apply to legal persons, the authorized capital of which is present share of foreign capital? These entities are included in the state register of commercial organizations with foreign investments registered in the territory of Russia, and, accordingly, the consolidated state register of accredited in Russia representatives of foreign companies. In addition, relevant data on the shares in the share capital must be specified in the constituent documents. Under the law, if such percentage exceeds 50%, then the organization will not be allowed to buy agricultural land in private ownership.

Rules establishing special regulations for foreign individuals, can also be found in federal law 'On the continental shelf of Russia `and` On Subsoil `. Legislation of Russia does not allow foreigners, stateless persons and foreign firms have on the ownership of subsoil, areas of the continental shelf, as well as forest areas. These objects can be made available to them only the right to lease, provided that the person authorized to engage in the relevant activity.

However, foreign citizens, stateless persons and foreign legal persons have the right to acquire land in the property (except agricultural land) for other reasons (inheritance, gift, etc.).

Foreigners and housing

Unlike the situation with land purchase by foreigners living quarters does not seem so difficult. Thus, foreign nationals are allowed to buy an apartment, house, part of an apartment or house, a room in the property. However, to register there permanently (the place of residence) will not work. This is explained by the fact that the residence registration is only for Russians, and foreigners are recorded only at the place of residence, even if the property is owned.

A foreigner who has entered into the RF, must register within three working days from the date of arrival in Russia. In the case of changing their place of residence should be within three working days from the date of arrival at a new place to re-register. Temporarily and permanently residing in Russia, foreigners are required to undergo re-registration every year.

Registration is done on the basis of an identity document, and migration card. If a foreign citizen has lost the documents on which he rode in Russia, the registration is not carried out. In this case, the foreigner must leave Russia within ten days of receipt of a temporary document issued for his statement on the loss of original documents.

If we talk about providing shelter to foreigners under contracts of social rent, the Housing Code of the RF provides that such contracts to foreigners and stateless persons, the apartment is not available if an international treaty of the RF provides otherwise.

Category: Properties in Russia | Added by: Дмитрий (21.03.2010)
Views: 382 | Rating: 0.0/0

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