Purchase of land by foreigners in Ukraine
Property Ukraine
Land is one of the most interesting objects for investment in Ukraine. And it is aware of both Ukrainian and foreign investors.
The basic guideline for making decisions on investments in the purchase of land commercial purpose is to assess the most likely to yield. The average payback period of commercial real estate in Ukraine - from 2,5 to 5 yearsie the rate of return of 20-40% per annum.
Ownership of land in Ukraine is governed by the law of Ukraine "On Property". The subjects of ownership may be other states, their legal entities, joint ventures, international organizations, citizens of other states and stateless persons.
In accordance with Part 2 of Art.81 Land Code of Ukraine, foreign citizens and stateless persons may acquire ownership of lands of non-agricultural purposes within the settlements and their boundaries - only to land on which are the sites of real estatebelonging to them on the right of private property.
Thus, a foreign citizen and stateless persons may acquire private property of non-agricultural land located within the settlement.
Foreign nationals and stateless persons may acquire ownership of land in the case:
purchase the contract of sale, gift, exchange, other civil-legal agreements;
purchase of land on which there are real estate owned by him on the right of ownership;
acceptance of the inheritance (and agricultural land taken in the inheritance of foreign nationals and stateless persons, during the year subject to alienation.
In order to purchase real estate in Ukraine, foreign citizens, except for material resources, need your passport and proof of legal residence in the territory of Ukraine.The preparation of the contract of sale of land to the seller and the buyer of real estate must have an identification number.
If a foreigner wishing to buy property in Ukraine, no individual's identification number, then the alien before entering into a contract of sale should get it, or notary public simply does not confirm the contract and the deal will not happen.
Get the alien identification number may in any district of the State Tax Inspectorate or the State Tax Administration of the cities of Kyiv and Sevastopol. The procedure is simple, you need only fill out a form with personal details and submit a copy of the passport.Typically, a week after the submission of these documents shall be issued the certificate of identification numbers. Thus, obtaining an identification number is not a big problem, but this care should be taken in advance.
The sale contract must be certified by a notary, also register all the documents in the state bodies of Ukraine. To purchase real estate in Ukraine requires the consent of the spouse (wife).
Permits the consolidation of assets which are the property of citizens, legal persons and States, and the establishment of the basis of mixed forms of ownership, including ownership of joint ventures with the participation of legal entities and citizens of other states.This suggests that any real estate you can buy for two, three, etc.
All owners are provided with equal conditions for exercising their rights.
Foreign nationals and stateless persons shall enjoy the rights and responsibilities in regard to their property in the territory of Ukraine as citizens of Ukraine.
In accordance with Part 2 of Article 82 of the Land Code, foreign legal entities may acquire ownership of lands of non-agricultural purposes:
within the boundaries of settlements in the case of acquisition of real property and to construct objects associated with doing business in Ukraine;
outside the boundaries of settlements in the case of acquisition of real property.
It should be noted that according to Article 63 of the Economic Code of Ukraine foreign enterprise - an enterprise in which foreign investment in fixed capital is 100%.
According to the Land Code of Ukraine, foreign enterprises and enterprises with foreign investments are classified as a "category" in terms of land ownership.These enterprises have the right to receive ownership of non-agricultural land under civil law contracts, inheritance, etc.
Required documents for the buyer of real estate or land:
Passports of all buyers of real estate, the spouse of the buyer, if the buyer is married.
Identification codes of all buyers of real estate, the spouse of the buyer, if the buyer is married, children, if children will be buyers of real estate.
Certificate of registration of marriage, if the buyer is married.
Certificate of divorce or death certificate, if the buyer had been married.
Application - consent of their spouse to the acquisition of real estate, notarization, if the spouse is absent from the signing of the contract.
Birth certificate of children, if children will be the buyers (owners) of real estate.
In the case of signing the contract by the representative of the buyer must have notarized power of attorney to sign the contract.
Payments when you make a purchase and sale of real estate:
Pension collection
the certificate of tax pledge on all customers
check the contract of sale of transactions in the register
notary services
notarial statement of the spouse of the agreement to purchase real estate
Services Agency
registration of the contract of sale in BTI
In July 2003 the provisions of the granule cells of the right to land ownership of legal persons (Art.82) was amended, which establishes the right of ownership of land for joint ventures, based with the participation of foreign physical or legal persons (hereinafter - Joint Ventures).Thus, the legislature expanded the range of subjects of land ownership and identified for joint ventures are some limitations associated with the emergence of land ownership.
In accordance with Part 3 of Art.82 HCC joint venture may acquire ownership only on non-agricultural land in cases stipulated by paragraphs 1 and 2 of article 82 of HCC.
In the following cases:
* Acquisition of the contract of sale, barter, gift, for other civil contracts
* The introduction of land in the capital of an enterprise
* Acceptance of the inheritance
* If the land is located within the settlement, in the case of acquisition of immovable property or for the construction of facilities related to the implementation of business
If the land is located outside the settlement, in the case of acquisition of immovable property
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