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Purchase of a flat abroad is an important activity that requires compliance with a number of formalities and sizable investment.
International broker ArendaLazur TM (Cofrance SARL) will help you make your dream of owning an apartment abroad come true. Feel free to contact us for any matters associated with purchase of a flat. All your questions will be answered
General information
According to Russian laws, any citizen of the Russian Federation has the right to buy and own real estate abroad. Some restrictions may apply to incapacitated persons, for example, those with mental disorders, as well as legal persons, for example, in interested-party transactions, and also public officers.
In some countries of the world there is a ban on acquisition of residential properties by Russians. For example, citizens of the Russian Federation may not buy a flat in Abkhazia. Managers of ArendaLazur TM (Cofrance SARL) can find a way out of any situation, for example, by having residential real estate classified as non-residential and buying the sought-after property or by establishing a legal entity controlled by a Russian resident in the said country. Foreign laws frequently prohibit purchase of land only.
If you are interested in the sale of flats abroad, you should know that you are not required to inform any state authorities of your purchase.
How to buy a flat abroad?
For the purpose of acquiring a flat abroad you should contact experienced broker ArendaLazur TM (Cofrance SARL) to consummate a sale and purchase transaction in conformity with effective laws and to avoid fraud.
You should start with a request. Give the company’s manager the following information:
- Where your future flat should be located;
- How many rooms you need;
- Overall floor space of the premises;
- Secondary or primary market;
- Any special requirements to the flat;
- Your budget.
Having received this information, we will immediately proceed to the search of flats and make a commercial offer for you.
We strongly advise you to inspect the flat you want to buy abroad before the purchase to avoid any misunderstanding. You can avail yourself of the turn-key services rendered by the broker by visiting the country, where the property is located, and making sure that the flat is up to your expectations. We will take care of:
- Having a visa and an insurance policy issued for your travel;
- Booking air tickets or chartering private aircraft, if necessary;
- Organizing transfer and your stay abroad by booking a hotel room or renting accommodation;
- Providing a helicopter for inspection of several properties;
- Flat insurance.
If you want to make purchase of a flat abroad as safe as possible, feel free to contact us: we will invite an experienced lawyer to perform due diligence of the transaction and verify its conformity to the laws of the respective foreign country. If necessary, you can use the services of a qualified interpreter provided by the broker and get a mortgage in a foreign bank. In this case all documents will be prepared by our staff.
Take note that all citizens of the Russian Federation are required to inform tax authorities at the place of their residence of all accounts opened with foreign banks and to report cash flows on their accounts by 1 June annually.
Sale of flats abroad is a focus area of ArendaLazur TM (Cofrance SARL). Entrust us with operations in real estate and enjoy our top-level services and excellent performance.