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| Selling & Tax Planning |
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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