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Non-resident foreign real estate acquisition procedure_1

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Member 최고관리자 작성일23-09-26 20:22 Hits781회

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1. Real estate acquisition contract (the real estate purchase contract)

2. Report on Real Estate Acquisition (Foreign Exchange Transactions Act) – Transfer according to the procedures of the country concerned (requires approval to transfer this money after checking whether you paid taxes to the country or if there are no arrears)

Reporting institution – Foreign exchange business bank (in accordance with foreign exchange transaction regulations, real estate must be reported to foreign exchange bank when acquiring real estate with funds transferred from foreign countries) – You can report such money to these banks

b) Time to report - When withdrawing real estate acquisition funds

c) submitted documents: The real estate acquisition contract or disclosure shall be used for real estate acquisition contract, such as real estate acquisition contract, etc.)

d) Related Organizations - Ministry of Strategy and Finance

3. payment of money

4 Report on real estate acquisition (report on real estate transactions) - City/Gun/Gu office where real estate is located
Report within 60 days Land acquisition report, building acquisition report

5. Application for registration number for real estate registration - Application to immigration office - Preparation of related documents - If you apply for a number equivalent to your resident number, you can register the number necessary for registration (after granting the real estate registration number)
If a non-resident cannot come to Korea in person, it can be sold through a power of attorney

After filling out the delegator – notarized documents (because it's an office) – you have to check with apostille

APPOSTYU - This document signed between countries because it is an agreement to abolish the demand for certification of foreign official documents, that is, official documents confirmed by the APPOSTYU are recognized as valid in the member countries of the agreement without consular confirmation

However, in the case of countries where the apostille agreement has not been signed, notarization of the consulate is required after local notarization

6. Related institutions, corporations (foundations), real estate locations, cities, counties, and ward offices

Non-resident documents - Corporation: Land location, city hall, district office, cadastral department
Submit a certificate of land acquisition report, a corporate registration issued by the relevant country (including the Embassy in Korea), and documents certifying the representative and the address of the representative

※When applying for an agent, an identification card for the agent's nationality and a power of attorney delegated by a notarized agency of the home country are attached

7. real estate registration
a land register

Documents submitted: certificate of address, certificate of registration for real estate registration, application for registration, certificate of registration right, copy of real estate register, certificate of cause of registration (certification contract, etc.) 

※When applying for an agent, an identification card for the agent's nationality and a power of attorney delegated by a notarized agency of the home country are attached

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