Holiday Home Times

property buying legal aspects

Property Ownership in Cambodia for Foreigners

Koh Thonsay beachCambodia has a freehold system of land ownership, with private ownership of land allowed for specific types of land. However land ownership is restricted to Cambodian citizens. Despite this restriction, it is not impossible for foreigners to obtain land rights in Cambodia, with ownership of some types of property actually relatively simple.

There are four main types of land and property tenure in Cambodia:

1. Freehold:
This is unrestricted land
Read the rest “Property Ownership in Cambodia for Foreigners”

The Rules to Obtain a Work Permit and Residency Card in Vietnam

HaLongBay VietnamThe provisions for purchasing property rights or leasing a property in Vietnam are directly tied to an individual’s right to reside in Vietnam. It is therefore important to ensure that you can meet the requirements of obtaining a Residency Card in Vietnam before looking at purchasing land rights there. If you wish to work in Vietnam, you will also need to obtain a Work Permit. In this article we outline Read the rest “The Rules to Obtain a Work Permit and Residency Card in Vietnam”

Foreign Ownership of Land in Vietnam

Terraced_fields_Sa_Pa_VietnamIn Vietnam, it is not possible to own land privately, regardless of whether you are Vietnamese or a foreigner. All land is owned by the collective people of Vietnam, and the State acts an administrator on behalf of them. It is however possible to own a residential apartment (but not the land) and right to use land in Vietnam, called a Land Use Right (LUR). The rules regarding the ownership Read the rest “Foreign Ownership of Land in Vietnam”

Acquiring a Piece of Paradise: Mauritius’ Integrated Resort Scheme

MauritiusThe Government of Mauritius introduced the Integrated Resort Scheme (IRS) several years ago, which was designed specifically to enable foreign citizens to purchase property on the island. Targeted at those who are looking at a resort lifestyle, the IRS is perfect for someone who is looking to buy a luxurious second home in paradise or establish themselves in this beautiful island.

How Does it Work?

The IRS allows for developments Read the rest “Acquiring a Piece of Paradise: Mauritius’ Integrated Resort Scheme”

Guide to Buying an Apartment or Condominium in Indonesia

Indonesia condoWhilst foreigners cannot purchase freehold land in Indonesia, it is possible to own an interest in an apartment or condominium.  Under Government Regulation No 41 of June 1996, it is possible for a foreigner who resides in Indonesia, or visits regularly for business, to purchase an apartment or condominium provided it is not part of a government subsidised housing development, and provided that they do not own the underlying land, Read the rest “Guide to Buying an Apartment or Condominium in Indonesia”

How To Purchase Property in Indonesia Through a Company

Lombok IndonesiaOne of the most secure ways to purchase property in Indonesia is through a Penaman Model Asing (PMA) Company, which can be 100% controlled by foreigners.  This is essentially foreign direct investment, where the PMA Company can operate for 30 years after its formation. A PMA can be granted an additional 30 years to operate if it expands its project with additional investment.

The Company is also given the Right Read the rest “How To Purchase Property in Indonesia Through a Company”

Registering and Transfering Land in Indonesia

Oceanfront land for saleSo you have found your dream home and negotiated with the purchase terms with the seller. It is now time to make sure that your property right is recorded and has been effected correctly, it is important to ensure that you follow the correct process. All land transfers and land title deeds are drafted by a Land Deed Official known as a Pejabat Pembuat Akte Tanah (PPAT), and these can Read the rest “Registering and Transfering Land in Indonesia”

How To Purchase Freehold Land in Indonesia Through a Nominee

Land for sale signOne way a foreign national can purchase freehold land in Indonesia is through a nominee. This means that ownership of the land is officially held by the Indonesian  nominee and they will have the Land Title Deeds in their name. The nominee can be an Indonesian citizen or legal entity (like a Penanaman Model Asing or PMA Company).

It may sound risky and daunting to give title to your property Read the rest “How To Purchase Freehold Land in Indonesia Through a Nominee”

NRIS – Get the right real estate agent

For Non Resident Indians (NRIs) and Person of Indian Origin (PIO) buying a property in India sometimes seems to be a far-fetched dream. You must be putting off this decision thinking there is too much red-tape, may be cheated, or likely to get into unnecessary hassles! Right? I think it’s time you keep your apprehensions and fears aside because in this article we will tell you the possible pitfalls of Read the rest “NRIS – Get the right real estate agent”

Financing Options and Tax Implications for NRIs Buying Property in India

Financing Options and Tax Implications for NRIs Buying Property in India

Real estate lawsThe procedure for NRIs and Person of Indian Origin (PIO) has been greatly simplified for encouraging them to invest in real estate. The Reserve Bank of India (RBI) and FEMA regulations have categorically specified the kinds of investment that is permitted for NRIs in the real estate segment.

First of all you do not need RBI permission to buy residential or commercial property. You have the permission to carry out Read the rest “Financing Options and Tax Implications for NRIs Buying Property in India”

Buying land in Uttarakhand – Restrictions and Certain Land Law amendments

Buying land in Uttarakhand – Restrictions and Certain Land Law amendments

Can one buy land in Uttarakhand? What are the restrictions? Certain amendments had been made to the land laws of the State, but what are they? If these are the questions, the answers of which you are seeking, then read on…

For long we have been receiving queries surrounding land laws of Uttarakhand. So we decided to meet a couple of people who are in the real estate segment to Read the rest “Buying land in Uttarakhand – Restrictions and Certain Land Law amendments”

Know the Satbara Extract (7/12) Before you Buy Land in Maharashtra

Know the Satbara Extract (7/12) Before you Buy Land in Maharashtra

In India there are many different terms in the land acquiring process which are used in certain regions or states and are completely alien in other parts. So for a person who wants to buy a plot in a state or region which he is not familiar with, it’s very important to know the local terms used to do away with all confusion.

One such land record term used in Read the rest “Know the Satbara Extract (7/12) Before you Buy Land in Maharashtra”

Non-Himachali Wanting to Buy Land in Himachal Pradesh

Non-Himachali Wanting to Buy Land in Himachal Pradesh

Although you can now buy your holiday home in places like Kullu, Kasauli and Shimla where developers have come up with some projects, on a broader scale there is a lot of confusion on whether a non-Himachali (non-resident of Himachal Pradesh) can actually buy a plot of land or a house in the state to build his dream holiday home. So whether you are buying a plot of land or Read the rest “Non-Himachali Wanting to Buy Land in Himachal Pradesh”

Pros and Cons of Taking a Multi-Currency Mortgage to Buy your Holiday Home Overseas

When looking to buy a property overseas one of the most challenging things to consider is how best to fund your investment so that you can get the most out of your money. One option that is often overlooked is foreign currency and multi-currency mortgages because they can seem a bit complicated, but these are actually a great vehicle for funding an investment overseas such as a holiday home.

What Read the rest “Pros and Cons of Taking a Multi-Currency Mortgage to Buy your Holiday Home Overseas”

Buying a Property for Your Child Studying in Australia

Sending your child halfway around the world to study can be one of the hardest things a parent can do. Whilst you know it is in their best interests, the distance can make it hard to know if they are safe, comfortable and have somewhere good to live.  One option that many parents choose to help alleviate their concerns is to purchase a property for their child to live in Read the rest “Buying a Property for Your Child Studying in Australia”

Liability issues of buying an existing holiday home with bookings

For many buying an already operational holiday home seems a good option to kick start his holiday home rental business. But having said that, one must however be aware of certain liabilities he might be taking on himself if he plans to buy an already operational holiday home.

In this article we will take a look at some of the liability issues of buying an existing holiday home with bookings Read the rest “Liability issues of buying an existing holiday home with bookings”

Getting a Mortgage in Australia as Foreigner or New Resident

Obtaining finance in a new country can be challenging, and Australia has particularly conservative credit rules, which can make it even more difficult.  Whilst it is not impossible, it is worthwhile understanding and being prepared for some of the things you will need to help you get a mortgage for your property in Australia.

Get Advice and Assistance

Each bank in Australia has their own risk and credit policies regarding Read the rest “Getting a Mortgage in Australia as Foreigner or New Resident”

Retiring in New Zealand – Visas and other Legal Aspects

When looking for somewhere to retire to, New Zealand really does have it all.  With a relaxed lifestyle, so much natural beauty and great infrastructure, it is hard to go past this part of the world as somewhere to spend some time in your twilight years. For those who would like to either retire permanently in New Zealand, or spend a couple of years here, there are a few options Read the rest “Retiring in New Zealand – Visas and other Legal Aspects”

Moving to New Zealand as an Investor or Entrepreneur – Visas and Other Legal Aspects

New Zealand encourages business investment with a view to economic growth, expanding business expertise and attracting “smart” capital to the country.  New Zealand may be a small country, but it is growing fast thanks to its supportive and progressive migration program. For those who wish to set up an entrepreneurial venture or invest in New Zealand, there are several options available.

Investors:
For those with funds to invest in New
Read the rest “Moving to New Zealand as an Investor or Entrepreneur – Visas and Other Legal Aspects”

Buying a Property in New Zealand as a Foreigner

New Zealand welcomes foreign investment, and whilst there are some restrictions to foreign ownership of property, it is far from being impossible to buy a property here. Generally considered to be one of the most liveable countries in the world, this is good news for investors and those seeking a different pace of life in New Zealand.

Generally a non-resident can purchase a house or land in New Zealand without Read the rest “Buying a Property in New Zealand as a Foreigner”