Personal purchase under the Foreign Investment Law
- Land and property for foreigners
- Who may hold land, and on what title
- not audited
Outside the strips under Arts. 122 and 123, the rule is full ownership: art. 5 of the Foreign Investment Law (Decree 9-98) grants the foreign investor the full right of use, enjoyment, benefit and ownership over its investment. A foreigner can buy in their own name — with a passport and a tax identification number (NIT) from the tax authority (SAT) — apartments, houses and residential land, and the property is recorded directly in their name at the RGP, according to the State Department's 2024 Investment Climate Statement. A commercial guide adds that no residency or special visa is required in order to buy, though a NIT is needed to pay the transaction taxes; the dossier asks for this to be verified with SAT.
The research is written in English; quoted figures, source names and the titles of legal instruments stay in the language their source published them in.
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