How to buy freehold property
Posted: Sun Jan 19, 2025 9:42 am
If you buy real estate from a resident of an unfriendly country - for example, from the EU - you may encounter some difficulties. First, you will have to request permission from the Government Commission for Control over the Implementation of Foreign Investments in the Russian Federation: this requirement is spelled out in Presidential Decrees No. 81 and No. 618. Then submit an application to the Ministry of Finance. And this is only part of the possible difficulties .
Also, according to Federal Law 273 "On Combating Corruption", some usa telegram database categories of Russians must notify the state about the purchase of foreign real estate. First of all, this concerns civil servants and municipal employees and people applying for civil servant positions.
The seller provides a sales contract signed by both parties. It defines the terms of the transaction, contains a description of the property, the price, and the obligations of the parties.
The mandatory package of documents also includes receipts for payment of taxes and fees related to the transfer of property rights. And also a certificate of absence of debts for utility payments at the time of sale - from the local authority or the utility department.
The foreign buyer, in turn, prepares a passport, proof of financial solvency - for example, bank statements (it is necessary to show that the person can pay for the purchase) and a certificate from the local immigration office.
Also, according to Federal Law 273 "On Combating Corruption", some usa telegram database categories of Russians must notify the state about the purchase of foreign real estate. First of all, this concerns civil servants and municipal employees and people applying for civil servant positions.
The seller provides a sales contract signed by both parties. It defines the terms of the transaction, contains a description of the property, the price, and the obligations of the parties.
The mandatory package of documents also includes receipts for payment of taxes and fees related to the transfer of property rights. And also a certificate of absence of debts for utility payments at the time of sale - from the local authority or the utility department.
The foreign buyer, in turn, prepares a passport, proof of financial solvency - for example, bank statements (it is necessary to show that the person can pay for the purchase) and a certificate from the local immigration office.