Real Estate- Tag Archives - Business News and Updates


Find the latest Legal updates and changes, industry reviews, regulatory updates, expert legal and accounting advice, Q&A with experts, and much more content.

Tips for Investing in Chile’s Real Estate Scene

Tips for Investing in Chile’s Real Estate Scene

A post-pandemic world presents countless opportunities across perhaps unfamiliar sectors, industries, and jurisdictions. Investing in Chile’s real estate scene has been recently developed into a great idea for foreigners looking to relocate to Chile. Here are key aspects and tips for investing in Chile’s real estate scene. Why buy real estate in Chile? Whether talking about Chile or another country, investing in real estate is always a great idea. Some of the benefits of buying real estate are: It considerably strengthens your retirement funds, general estate and overall lifestyle once you reach retirement age.Under normal circumstances, real estate will always hold and increase their value over time.It entails much less risk than stock, commodities, metals and general capital market instruments.Pre-sales and/or home auctions can be taken advantage of to maximize your investment.One does not need to be an expert and counselling is cheaper compared to other types of investments. Choose to invest in Chile’s real estate scene The timing is exactly right: Recent social upheavals and a global pandemic have decreased real estate prices across the board in Chile.Real estate will usually hold and increase their value over time.Great demand translates into lower prices.The national real estate market is currently undergoing a strong reactivation.A big, experienced, and liquid market for low price investment properties.Down payments are extremely reasonable alongside other payment benefits and flexibilities.General access to down to earth mortgages rates. Demand for rent is...

Regulations for Buying Property in Panama

Regulations for Buying Property in Panama

For years, Panama has been one of the fastest-growing economies in Latin America. The country, with an average economic growth of 4.6%, promotes new opportunities for foreign investment in different industries. Buying property in Panama or investing in the country's real estate sector is a wise decision, as it is one of the most profitable industries to get involved in. Learn about the regulations, processes, and benefits of buying a property in Panama. Regulations to consider when buying property in Panama When buying real estate in Panama investors must be aware of civil and fiscal regulations. Foreign executives buying property in Panama must know that this process involves two different types of regulations: civil and fiscal regulations. Civil Regulations Civil regulations involve the private relationship between the buyer and the seller. Article 977 of the Civil Code establishes that the obligations derived from contracts have the force of law between the parties in question. In general, the parties will be free to negotiate their own property purchase and sale contract as long as they do not engage in illegal activities. Fiscal Regulations The fiscal or tributary regulations involve the taxes to pay for the purchase of a property in Panama. Property owners in the country must pay the 'property tax' (impuesto sobre bienes inmuebles) every year. You should be aware that buying property in Panama is not possible if there are current real estate debts. The current rate of real estate is divided in two types:  Rates applicable for principal property ( the principal...

New Law Improves Access to Tax Residency in Uruguay

New Law Improves Access to Tax Residency in Uruguay

In June 2020, a new decree was introduced to improve access to tax residency in Uruguay. According to Forbes, the country is considered one of the most favorable places to obtain residency and a second passport. Uruguay is characterized by being a country open to investment with a migration policy that provides a framework of public, legal and economic security for foreign nationals who decides to settle in Uruguay. On 11 June, President Luis Lacalle Pou announced Decree 163/20 in order to make the requirements for obtaining tax residency in Uruguay more flexible. A natural person who meets new eligibility requirements based on economic interest can obtain tax residency in the country. The Decree aims to stimulate investment on the premise of generating employment and improving social welfare for residents of Uruguay. Key points from Decree 163/20 to obtain tax residency in Uruguay According to Forbes, Uruguay is considered one of the most favorable places to obtain residency and a second passport. The new Decree outlines 2 key conditions to obtain tax residency in Uruguay: Investment in properties for a value greater than UI 3,500,000 (approximately US$370,000) made as of 1 July 2020, and an effective presence in Uruguayan territory for 60 days in the calendar year.Direct or indirect participation in a company with a value greater than UI 15,000,000 (approximately US$1,585,000) made as of 1 July 2020 and that generates at least 15 new direct jobs in a dependent employment relationship, hired from from 1 July 2020. Previous regulations for tax residency Previously,...

5 Tips for Buying Real Estate in Mexico

5 Tips for Buying Real Estate in Mexico

Get key advice from local specialists on how to manage the process of buying real estate in Mexico. Thanks to its varied climate, geographic location and business potential, Mexico is an attractive option for local and foreign investors who want to buy a property in Mexico. Citizens, residents and even companies accredited as Mexican can own one or more private properties in the national territory. Investing in a property in Mexico, whether for residential or commercial purposes, is a smart decision. However, for foreign investors interested in buying real estate in Mexico, there are certain restrictions and special requirements that must be taken into account. In many of these cases, you should have the advice of a local legal expert, and possibly a Public Notary will have to intervene in part of the process. Here are some important tips to keep in mind if you are interested in buying real estate in Mexico. 1. Identify the best places for buying real estate in Mexico Depending on the reasons for buying real estate in Mexico (residential or commercial) there are several attractive options to consider according to your needs. Below, we outline are some of the most popular locations. CDMX- Mexico City Depending on the reasons for buying real estate in Mexico (residential or commercial) there are several attractive options to consider. Mexico City ranks first place of the Urban Competitiveness Index as the country's capital and key business center for national and multinational companies, which generates more labor demand and business opportunities. The city is therefore...

Real Estate an Increasingly Popular Choice for Investing in Mexico

Real Estate an Increasingly Popular Choice for Investing in Mexico

As business opportunities grow in Mexico, so does the demand for prime real estate. Investing in Mexico 's real estate market over the last few years has shown increasingly strong returns. Thanks to its combination of iconic cities, unusual tourist attractions, and the economic expansion of its professional middle class, the real estate industry is experiencing substantial growth in competitiveness. Becoming part of this vein of success within Mexico is easier than many might think.  Real Estate - Investing in Mexico The sector is considered as a pillar of the Mexican economy, accounting for no less than 15% of the country's economic activity and generating more than 15 million direct and indirect jobs. Mexican real estate experienced a growth of 2.1% from the end of 2018 to the beginning of 2019. According to the January newsletter of the Mexican Association of Real Estate Professionals (AMPI), the sector is expected to grow by 6% in 2019.  This growth is partly due to the exceptional appreciations enjoyed by hotels in Mexico. Consequently, the Mexican market is set to be part of one of the ten fastest-growing real estate markets of 2019/20. On the same AMPI report, it is noted that real estate investment accounted for 12.1% of foreign direct investment received in 2018. The real-estate porperties in highest demand are hotels concentrated in cities such as Monterrey, Guadalajara, Querétaro, and Tijuana.  A sector boosted by tourism The two industries, real estate and tourism, are large contributors to the Mexican economy. The tourism industry is one of the greatest...

Colombia Tax and Immigration Cooperation: What Does this Mean for Business?

Colombia Tax and Immigration Cooperation: What Does this Mean for Business?

On 2 May 2019, the Colombian Tax Authority (DIAN) and the Colombian Immigration Office (Migración Colombia) published a press release informing that they had signed an inter-institutional cooperation agreement. The main purpose of this agreement is to allow the agencies to provide information between themselves in order to prevent tax evasion, money laundering and increase immigration control.    We explore what this agreement means for businesses operating in the country, and those considering their expansion options. Tax Cooperation - Streamlined tax and immigration information sharing Public entities enter into cooperation agreements with the aim of joining efforts to carry out their functions, and reach common objectives. Having agencies share information means less bureaucratic requirements on their customers to ensure information is communicated correctly across those involved in a cooperation agreement. In this case, the interest of the two entities converge in immigration and customs control. These Colombian agencies – DIAN and Migración Colombia - will start sharing information about foreign migrants living and working in the country. This will allow the agencies to communicate with each other on who in their system may potentially be evading taxes, money laundering, or posing another kind of threat to the country’s fiscal security. Ensuring greater tax compliance and monitoring of tax risks enables these agencies to make more informed decisions on applications for tax residence accreditation or tax certifications. What does this mean for foreigners in Colombia?...

Investing in Real Estate in Australia

Investing in Real Estate in Australia

Real estate and property investment is one of the most lucrative industries to get involved in. Tacking on to your non-liquid assets and generating a passive secondary income are just a couple of the numerous benefits that investors gain from real estate and property purchases. Moreover, international property investment can bring about even more advantages and benefits for investors willing to take the leap of faith. Australia has one of the strongest and most consistent real estate and property investment markets in the world. Through a combination of many favorable economic conditions and government support, the country developed a stable and profitable industry for Australians and foreigners alike. The country has a rich investment history and plenty of popular investment locations. However, there are some ‘involved’ projects and processes for foreigners.  Australia’s real estate market backstory The Australian property market has a longstanding history of success and profitable returns on investment. Since the early 1900s, the industry steadily grew in value by 0.5% until the 1990s. Once the 2000s hit, the market saw a spike in growth and investments. According to the Australian Bureau of Statistics, the average property price index for a lot grew significantly from 2010 to around 2018. Fueled by globalization, trade relationships, and increase in foreign investments and interest in foreign property, Australia’s real estate sector started making a name for itself in the global market.  Reaching a peak in the price index in 2018, experts are predicting an overall...

Pin It on Pinterest