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Selling real estate to residents or foreigners requires owning a
corporation and having no encumbrances or liens on the property. It
also requires careful tax planning in order to mitigate the tax
impact on developers and buyers and make it as profitable to
developers as possible.
One of the advantages of owning corporations is that a buyer can
acquire property through the corporation of the property in question
instead of buying a new corporation. In this case, the buyer saves
the money otherwise used for buying a new corporation and for paying
registry rights and transfer taxes. What proceeds instead is the
transferring of Stock Capital rights and Board of Directors'
ownership of the corporation from the seller to the buyer.
Nevertheless, if the buyer prefers to acquire property through a new
corporation, all registry rights and taxes will be billed, since the
property is changing owners completely and being inscribed into a
new corporation.
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