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, the Netherlands
have a very well developed register, called “Kadaster”.
3. What
are the basic requirements/procedures?
The transfer of property
from the seller to the buyer is by deed. The civil law
notary verifies the identification of the buyer and
in case of a company the authority to represent that
company. The civil law notary must check the title in
the register and have certainty of transfer payment.
4. On
average, how long does the process take?
Possibly one day, if
all the documents are available.
5. What
searches are advisable?
Searches for title and
legal encumbrances; soil pollution & environment
problems; and local planning regulations.
6. What
are estimated disbursement costs?
Transfer tax: 6% of the
value of the property; register costs: € 130; Fee
of the civil law notary: € 600 - € 3000.
7. What
are the local and/or national tax considerations in
the country of purchase?
A local property tax:
c.€ 4 for every € 1000 of the value of the
property.
8. What
other annual local charges are obligatory?
Water control authority
and waste product charges
9. Are
there any other issues to consider?
Few, but check environment
control.
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