local buyers dominate
In December 2016, the Italian government presented a new program for obtaining a residence permit for investment. Acceptance of documents for a new visa is scheduled to begin in autumn 2017.
According to its conditions, foreigners have several investment options:
from 500 thousand euros to local “innovative start-ups”; Continue reading
When buying, owning, renting and disposing of real estate in Germany, foreigners pay taxes at the same rates as residents of the country.
After the conclusion of the transaction, the buyer pays a one-time tax on transfer of ownership (Grunderwerbsteuer). Continue reading
In 2016, the US partially lifted sanctions from Iran – a year earlier, the world powers signed an agreement to limit its nuclear program. According to The Wall Street Journal, since then European companies have signed dozens of contracts with Tehran: Peugeot and Renault will produce cars in this country, Vodafone together with a local partner will build telecommunications infrastructure, the oil company Royal Dutch Shell has signed an agreement on the extraction of energy resources. Continue reading