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BUYING COMMERCIAL PROPERTY/REAL ESTATE – HONG KONG, CHINA

1. Are there any restrictions on an overseas company or business buying commercial property? No
2. Is land/property generally ‘registered’ so that the title/ownership is guaranteed? Yes
3. What are the basic requirements/procedures? Government registration system
4.On average, how long does the process take? One week
5. What searches are advisable?

Title/encumbrance search + review of chain of title

6. What are estimated disbursement costs? Fees of $1 USD upwards dependant on price of property
7. What are the local and/or national tax considerations in the country of purchase? No capital gains; income tax on property income less expenses
8. What other annual local charges are obligatory? Rates are a ratio of rental value
9. Are there any other issues to consider? Very few

 

 

 

 

World Link for Law has published its latest business Newsletter which features various articles on international law.

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