Finally, when the ALHL has been associated with a property, and the transaction is complete, you will receive an Alien Investor Entrance Permit. This permit will allow you to enter the country without having to check into immigration for a Visa.
Buyers are responsible for paying Stamp Duty and all fees associated with the purchase. Responsibilities that fall on the seller are paying for the Survey, Vendors Tax, attorney fees pertaining to the sale, and the realtors Commission. If the home or property being purchased needs improvements or to be built on, permits and approvals will be needed from the Development Control Authority (DCA) before closing. International Business License (IBC) – when a foreign buyer buys an existing business that comes with the land
Local buyers must provide a letter from Inland Revenue for Property Tax Clearance and Income Tax Clearance, as well as a letter from National Insurance for Clearance. The purchaser is required to pay stamp duty, which is 2% of the purchase price, and all associated registration fees. There will be an additional stamp duty of around 1% of the purchase price to register the mortgage. Legal fees are general right around 1% for Local buyers.
