As foreigners to snap up Russia

19 march 2017, 23:15

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In Russia, the foreigner as well as the Russians may acquire almost any real estate would be money. Minor limitations as it is practiced almost all over the world dictated by the state security measures. What you need to know a foreign citizen intending to buy a property in Russia Housing a foreigner can buy in any corner of our country with the exception of the closed administrative-territorial formations. For the purchase of land there are more restrictions. Consider some of them 1. In accordance with article 15 of the land code of the Russian Federation, foreign citizens and foreign legal persons may not possess rights of ownership to land plots located on border territories, the list of which is established by the President of the Russian Federation and other established especially the territories of the Russian Federation. 2. If some citizens of Russia have the right to own the land for free for example on dacha Amnesty that foreigners are deprived of this privilege. Land to foreigners is only available for a fee, clause 5, article 28 land code of the Russian Federation. 3. Foreigners owners of buildings of buildings of buildings located on another plot of land have a preferential right to purchase or lease the land. But the President of the Russian Federation may establish a list of types of buildings of buildings of buildings to which this rule does not apply paragraph 5 of article 35 of the Land code of the Russian Federation. 4. Certain restrictions established by the Law on circulation of agricultural lands. Foreigners and foreign legal entities and legal entities in the authorized share capital of which the share of foreign citizens of foreign legal entities, persons without citizenship makes more than 50% have land plots from lands of agricultural purpose only on the right of rent article 3 of the Law on turnover of agricultural lands. In other cases, foreign citizens may freely acquire immovable property in any quantity of sizes and in any territory of Russia. Some other points Inheritance. Heirs as we know can be not only citizens of the Russian Federation. In accordance with paragraph 1 of article 1124 of the civil code, the inheritance of immovable property is determined by the law of the country where the property is located, respectively the inheritance of immovable property entered in the state register in the Russian Federation is Russian law. The form of the transaction. In which form to conclude a contract in respect of immovable property is also determined by the law of the country where the property is located. That is, if a foreigner acquires real estate located in Russia the contract is made according to the rules

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