Foreign Nationals’ Property Acquisitions

Prepared by: Constantinople

Payment is more than sending money; its transaction, recipient and timing must also be provable. If the contractual seller, registered owner and account requested differ, their legal relationship must be clarified. Not every payment to a third-party account has the same effect. The account holder's authority or entitlement to receive it must be documented.

A bank description should help identify the property and nature of payment. Differences between the contract price, payment plan and amount to be declared at the land registry must be assessed beforehand. Proposed cash payment or an account change notified only by message requires separate examination of proof and authority. Retain the receipt, agreement and other party's confirmation together.

For purchases by foreign individuals, applicable foreign-exchange purchase certificate rules are included in the payment plan. That certificate differs from a receipt proving payment to the seller. For citizenship-related files, the investment amount and payment chain are checked separately. Current rules, payment date and transaction characteristics are considered together.

We compare recipient, account details, contractual stages and official sequence, identifying payment and transfer conditions to clarify in writing. The aim is to define them beforehand instead of rushing a transfer as the title appointment approaches. If money was already sent, reviewing receipts and correspondence before another payment may reveal gaps. A bank transaction alone does not transfer the property.