INTREBARI FRECVENTE

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Q: Can foreigners own land in Romania?

A: No, foreigners cannot directly own land in Romania, this can be done through the setup of a Romanian company and purchasing land through this company. In 5 years time after the date Romania has joined the European Union, EU citizens will be able to purchase Romanian land in their own name.

Q: What taxes do I have to pay if I purchase property in Romania?

A: You would have to take into account the Public Notary Fee (between 1-2%), VAT (19% - depending on who you are buying from) and eventually the attorney-fees. Of course, purchasing Romanian property will also imply paying annual tax to the Romanian local authorities.

Q: How do I know this Romanian property is right for me?

A: We are able to recommend you Romanian lawyers specialized in Real Estate to perform a complete Due Diligence procedure on the Romanian property to give you more information on market price evaluations, potential legal problems and other related information. Also they would be able to provide assistance and representation when the sell/purchase agreement is signed in front of the Romanian Notary.

Q: Why buy property in Romania and not elsewhere?

A: Real Estate investments in Romania have lately received lots of attention from international media. This is because prices are booming and profits can be obtained in a very short amount of time, either by developing if purchasing Romanian land or simply by waiting a reasonable amount of time before selling.

Q: Where can I incorporate a company for investment in land or other Romanian property?

A: For information on this subject please visit the website of IEC Law Firm: www.RomanianLawOffice.com. To create a Romanian company it is not necessary to personally travel to the country.

Q: Do I have to travel to Romania to sign the sell/purchase agreement in person?

A: No, you do not. Once you have seen and/or agreed upon buying a property, you can appoint a Romanian lawyer to sign in your behalf. We will of course we able to recommend you a trustworthy lawyer to fulfill this procedure.


 
     
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