Question: What expenses will carry a foreign person when registering an apartment bought in Moscow on his name?

Answer: To register the apartment purchase contract a foreign person must pay:
1. State duty for the notarial certificate proving the validity of the apartment purchase contract which to be paid in the amount of 1.5 % of the merit apartment cost,
2.Registration fee for registration of the apartment purchase contract to be paid in the amount of, as follows:

- by a foreign person - 16500 roubles,

- by a foreign person who possesses a living permit issued by Russian Ministry of Interior and constantly living:
à) in Moscow and Moscow area - 1809,50 roubles,
á) in other regions of Russia Federations - 3135 roubles,

- by juridical persons:
à) if payment for participation shares in authorized capital is made by foreign investor in foreign currency or he has 50% or more percent of participation shares paid in Russian currency , he is to pay 24750 roubles,
b) if foreign investor has less than 50% participation shares in authorized capital in Russian currency he is to pay 19525 roubles,
c) if the shares and percentage of participation of foreign funds are not stipulated and the founders of the company are not specified in the Charter it is to be paid 24200 roubles,

- by foreign juridical persons - 27500 roubles.

Question: What documents must a foreign person necessarily present for registration of the apartment purchase contract?

Answer: When buying an apartment a foreign person shall present: - his passport with Russian visa-notorized translation of passport - if a foreign person does not know Russian, it is necessary for him to bring an interpreter who must show his passport and diploma.

Question: Are there any restrictions for a foreign person related to residential properties aquisition?

Answer: Foreign persons have the same civil rights as the Russian citizens. Civil rights can be limited on the grounds of the federal law and in that measure only, in what this is necessary for purposes of protection of the fundamentals of Constitution order, morality, health, rights and legal interests of other persons, ensuarance of the country's defence and state security.

Question: What taxes shall be paid by a foreign person having bought apartment in Russia?

Answer: Foreign person who has bought an apartment shall pay a property tax in the amount of 0,1% of its official value. The tax to be paid yearly in the district office the said apartment belongs to.

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