Investment information about the Cambodia property market

Investment information about the Cambodia property market

Cambodia, Condos for sale Cambodia, FAQ, Inspection Visit, Phnom Penh, Phnom Penh Real Estate for sale, Sihanoukville
Cambodia is a rapidly developing market, and many investors with lower budgets and higher risk appetites are looking closely at this country to make their next pot of gold. Tip 1: Foreigners should look at condos The Cambodian State Constitution prohibits foreigners from owning land. As such, most foreign investors are limited to looking only at purchasing condominiums, or strata-titled units. This means that the title held by the developer can be subdivided into further, individual units for sale. In general, these are newer projects that were built to cater to foreign investment. The bulk of these condos are in the capital city of Phnom Penh, or in tourist spots like Siem Reap and Sihanoukville. Tip 2: Condos have their own restrictions too Investors that are looking at condos should…
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Foreigner’s Guide: Buying Properties In Cambodia

Foreigner’s Guide: Buying Properties In Cambodia

Cambodia, Condos for sale Cambodia, FAQ, Marketing, News, Phnom Penh
Can foreigners own real estate in Cambodia? Yes. Since the passing of legislation in April 2010, the foreign ownership property law allows foreigners to own property in Cambodia, however with certain restrictions. Foreigners are only allow to own properties on the 1st floor or higher to a maximum of 70% of any one apartment building, provided that the building has obtained a ‘strata title’, which generally applies to new condominiums buildings. Foreigners are not allow to own properties on the ground floor of a building as owning land outright remains prohibited under the foreign ownership property law. Hence, foreigners are 100% eligible to own a freehold condominium in Cambodia. But if your intention is to invest in real property such as buying ground floor apartments or land in Cambodia, please…
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Foreigner’s Guide: Buying Land In Cambodia

Foreigner’s Guide: Buying Land In Cambodia

Cambodia, Condos for sale Cambodia, FAQ, Money, News, Phnom Penh, Phnom Penh Real Estate for sale, Pre Construction, Project Management
Foreigner’s Guide: Buying Land In Cambodia In previous post, we talk about foreigner’s eligibility on buying condominiums in Cambodia and what are the things to look out for. But however, if your intention is to invest in real property such as buying grounded apartments or buying land in Cambodia, the following options will show you how it is possible to buy almost anything in Cambodia. Buying Real Property in Cambodia Under Cambodian Land Law, foreign nationals cannot hold a 100% stake in real property within the Kingdom (except for this case mentioned). However, legal mechanisms and documentation may allow foreigners to fully control the purchase, sale and use of real property in which they have invested, and benefit fully from any profits they make. There are basically 5 Options for…
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The great expat debate: do you need a work permit for Cambodia?

The great expat debate: do you need a work permit for Cambodia?

Cambodia, FAQ
It’s important to note that work permits and visas are not the same thing. In theory, although you may have gotten a year-long visa (often called a business visa), that doesn’t necessarily give you the right to work in Cambodia. In practice, Cambodia is one of the least regulated countries in the world when it comes to visas and employment, and many expats do not have the work permits that they ostensibly require. There are two types of work permits in Cambodia: temporary and permanent. Temporary work permits are for most regular expats and last the length of the individual’s visa. Permanent work permits are reserved for major investors and friends of people in high places. In order to get a work permit, your employer needs to apply for you…
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Expertise in The Luxury Property Market

Expertise in The Luxury Property Market

Condo For Sale, Cyprus, FAQ, Inspection Visit, Kamala, Land for sale in puerto vallarta, limassol, Limassol, Marketing, News, Phuket, Pre Construction, Project Management, Property Management, Thailand
Marketing for the Luxury Property market is an essential ingredient in all of the services Elite Property Marketing offers. We monitor and identify commercial property trends and deliver projections to help you make critical decisions for your business’s future. Elite Property Marketing offers the greatest selection of luxury homes for sale and luxury homes for rent on a convenient property listing portal. If you are looking to buy luxury property or lease luxury property we make it easy to find your dream home by letting you filter using listing search results. You can also find local real estate agents and property professionals to help you sell your luxury home or rent your luxury property. Our world-class researchers are continuously sourcing and analyzing data in in every major global market, helping you…
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FAQ Buyers guide to purchasing property in Cyprus

FAQ Buyers guide to purchasing property in Cyprus

Condo For Sale, Cyprus, FAQ, Inspection Visit, limassol, Limassol, News, Pre Construction, Project Management, Property Management, Uncategorized
Purchasing property in Cyprus has a number of potential pitfalls. The British High Commission advises potential purchasers to exercise extreme caution when buying a property if the title deeds are not readily available, as to do so means that your property could be at risk. Mortgage liability It is common practice for developers to take out mortgages on land or property. If you sign a contract with a developer and there is already a mortgage, loan or claim placed upon it by the developer or landowner, then you are likely to become liable for that mortgage should the builder, developer or landowner declare bankruptcy. You should request that your lawyer checks for mortgages placed on the land. If you are made aware of a mortgage prior to signing a contract…
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Buying a condominium in Thaland | Legal considerations and FAQ

Buying a condominium in Thaland | Legal considerations and FAQ

Condo for sale, Condo For Sale In Kamala, Condo for sale in patong, Condo For Sale In Phuket, FAQ, Inspection Visit, Kamala, Money, News, Phuket, Project Management, Property Management, Thailand, Thailand
BUY, SELL, RENT, OWN AND MANAGE A CONDOMINIUM IN THAILAND - legal topics for expats. What is a condominium, buying a condo in Thailand, who can own a condo, transfer tax, inheritance, management of a condo, leasehold condominium, sale and purchase and more. Practical legal questions, Thai lawyer answered. Just scroll down to a subject and click read more...   Condominium FOR sale in Thailand Are all apartments in Thailand governed by the Condominium Act? There are 2 types of residential apartment buildings in Thailand: condos registered under the Condominium Act with a condominium license and apartments not registered under the Condominium Act. Only condominiums registered under condominium laws and licensed with the Land Department offer full individual apartment unit ownership (with a government issued unit ownership title deed), and…
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Absolute Twin Sands – Property Inspection Visits to Phuket Thailand

Absolute Twin Sands – Property Inspection Visits to Phuket Thailand

Beachfront Lots, FAQ, Inspection Visit, Kamala, Money, News, Phuket, Pre Construction, Project Management, Property Management, Retirement, Thailand, Thailand, Turn Key
Absolute Twin Sands is a stunning resort with panoramic ocean views, contemporary apartments and first class service, all in a spectacular peninsula setting minutes from Patong on the stunning island of Phuket. Nestled between two perfect white sand beaches, the apartments and penthouses enjoy breath-taking views of the Andaman Sea. Location - Situated by the sea, this spa resort is 0.6 mi (0.9 km) from Tri Trang Beach and within 3 mi (5 km) of Patong Beach and Bangla Night Street. Banana Walk and Jungceylon XD Theater are also within 3 mi (5 km). Every suite at Absolute Twin Sands has been finished to the highest standard and offers everything you desire. Every apartment has a fully-equipped kitchen, double shower and private balcony and also boasts the latest in audio-visual entertainment with…
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Understanding Capital Gains TAX in Mexico

Understanding Capital Gains TAX in Mexico

401k, Bank Accounts, Ejido, FAQ, Mexico, Money, News
Capital Gains Tax Capital gains tax law in Mexico states that tax is owed on the profit you receive when you sell your home or property. By law, you have two options when it comes to capital gains and you can use whichever is the better of the two options for you: 1. You pay 28 percent* of the net profit. (There are a variety of deductions included in this option.) 2. You pay 25 percent* of the gross sales amount with no deductions. Although a 28 percent capital gains tax may seem high, Mexico does have several laws and procedures that will assist you in maximizing your cost basis, thereby reducing your net profit and lowering your capital gains. The key is to understand these laws before you buy,…
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Manifesting my construction to save on Capital Gains Tax in Mexico

Manifesting my construction to save on Capital Gains Tax in Mexico

401k, Bank Accounts, Beachfront Lots, Ejido, FAQ, Land for sale in puerto vallarta, Mexico, Money, News
What is manifesting? Manifesting is simply recording the amount of money spent on a home’s construction or remodel, in order to add it to the Owners’ cost basis. Adding to your cost basis is the key to reducing your capital gains tax. Proper documentation and manifesting your construction are vital to building your new home. Why do I need to manifest my construction? When you sell your home, the manifested cost plus the cost of your lot stated in your trust (title), will be used to determine the basis for capital gains tax. If you have not manifested your construction, Mexican tax law will not recognize your construction costs and you will not be able to use them as a deductible expense. All of your receipts, cancelled checks and bank…
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