A representative of any country may purchase residential real estate in Turkey. Tax payments for Russians and other citizens do not differ.
Tax on real estate in Turkey is very small and is 0.2% of the cadastral value of housing in large cities. In smaller settlements - only 0.1%.
On the other hand, income from the sale or rental of residential real estate can be very large and reach up to 35% or more. The amount of tax depends on the final value of the transaction.
A new draft law in Romania proposes a Residency by Investment program, granting non-EU citizens a renewable 5-year residence permit. The program requires a €400,000 minimum investment in bonds, real estate, funds, or shares.
For those planning to open a company or relocate to Cyprus, it is important to understand how the tax system works and what benefits it can provide.
In this article, we'll take a detailed look at what a green card is, the rights and responsibilities it provides, how to obtain one, and the pros and cons of permanent resident status.
