I am a lawyer in Bucharest and I cannot believe that so many foreigners are still setting up companies to buy property. It is no longer the law that foreigners must set up a company to buy land. It is also very bad to set up a comany as a lot of your profit goes in tax that you must pay.

Anyone who wishes advice on this or any other matter please feel free to contact us.


Andrei Taru

tarusiasociatii.ro
office@tarusiasociatii.ro
A google search for Taru & associates will find us at .

if you say a foreign citizen can buy land in his name, please tell me how?
there are some condition in order to do that?
you know them?

I to have a property ready for completion and have been asked to pay 1375 euros for setup and company broken down like below

160 Euros taxes for the trade registry.

- 60 Euros for the social capital

- 5 Euros as bank comission for seting up the bank account of social capital for the company.

- 600 Euros our Fees.

-100 Euros for the translation of documents.

-450 Euros as rental for the headquarter (6 months

Is this all necessary, also if i can setup a different way or use my ltd company in the UK how can i do this?

Korby Sangha

I presume you’re buying in Sydney and as well as other investors you didn’t use an independent law firm but I used the one which is working with the developer?
I can tell you from the start that the cost estimated sent it to you by the lawyers are to high for setting up a company. More if you already have a ltd in UK you can just open a branch here and the cost for doing this will be even less.
For more information about it feel free to contact us.
Andrei
0040721959603
00403116359