5 things you need to pay attention to when investing in a corporate owned “offshore” property
Written by Offshore Property on 2009/01/04 – 10:21 PM
When investing in a property in a corporate structure make sure to always take care of the following points:
- Always work with officially licensed agents who have a so-called AMI number
- Always consult a lawyer
- The deposit amounts to 10 a 15%. If the purchaser withdraws, he loses it. Conversely, the vendor is obliged to pay double if he no longer wishes to sell.
- Demand proof that the property is free of charges by means of a note from the land register or tax authorities. It is essential that these documents are presented at completion of the contract.
- Valid building and residential permits must also be shown to prove that the property has been legally built
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