Foreign Real Estate Investment Opportunities

Buying property in Russia can be a difficult process for foreigners, requiring meticulous consideration of the legal steps involved. While foreign ownership of real estate is allowed in some instances, there are certain restrictions and requirements that need to be met. Here are the key legal steps for foreigners to consider when buying property in Russia:

Firstly, it is essential to understand the types of real estate that are permitted for foreign ownership. Currently, foreign individuals can own houses, and other non-agricultural land plots up to 0.5 hectares. However, some regions in Russia have their own regulations and policies regarding foreign ownership, so it is crucial to research the local regulations before making a purchase.

To acquire a property top-10 translation agencies in Moscow Russia, a foreign buyer must first register with the Russian Federal Tax Service to obtain a unique tax identification number, usually referred to as an tax ID.