Rule
While the decree is in force, a foreign natural or legal person may obtain an annual licence from the Ministry’s Undersecretariat to take at least ten dwellings a year (excluding land and plots) into its disposal by written agreement, at project stage or after final approval, without acquiring ownership, in order to market and transfer them to foreign buyers. The licence fee is twice the monthly gross minimum wage; agreements must be registered at the District Land Registry within one month; transfers to buyers must be completed within two years of final approval; the applicant must produce an apostilled criminal-record certificate no more than three months old. If an investor fails to market and transfer within the two-year window, the property must instead be brought within the Holiday Homes legislation by obtaining the usage certificate described for over-limit pre-2024 contracts, or the Ministry cancels the investor's licence.[1][2]
Applies to
- Who:
- Individuals · Companies and other legal entities · Investors