Quote:
Originally Posted by hudco
we are being asked to set up a companyto complete our purchase at sydney development in tunari as romanian legisation with regards to ownership of land for foreign citizens has not changed & are being asked to pay a significant amount for this to be set up .any advice & is this necessary as we intend to rent out the property
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This would only be a good idea if the company you are setting up is a subsiduary company of one you have in Ireland or else where. Otherwise to set up in your own name would in our opinon be economic suicide as all profits will be groosly diluted.
As regards to ownership and Romanian legislation you are mistaken in fact and law.
Please contact us directly if you require assistance in how to proceed.
David Howe
Investment Romania - Property Romania, Invest Romania, Investment Romania