Mondaq Latin America: Real Estate and Construction
On December 29, 2011, Law 26,737 establishing the Protection System of Argentine Title to or Possesion of Rural Land became effective.
With the object of having greater control and reducing tax evasion in the purchase and sale of real estate in Argentina, the tax authorities (AFIP) have created a register of real estate operations which exceed RA $300,000 (approx. USD $84,000).
In recent years the construction industry has grown, fuelled
by various internal and external factors. Intense economic
activity since 2003, in particular the agribusiness sectors,
have had a strong influence in our region.
The ownership of rural land by foreign companies or individuals has been debated in and outside the Courts for decades in Brazil.
At the closing ceremony of the 2012 London Games, the Olympic flag was ceremoniously passed to the Mayor of Rio de Janeiro, Eduardo Paes, symbolizing the fact that the ‘Beautiful City’ is now officially the Olympic city.
According to the Brazilian legal regime, the use and the occupation of land, as well as urban zoning, are regulated by municipal rules.
Acquiring real estate is a complex operation in all parts of the World, especially if you are buying as a foreigner and you are not aware about the rules of law, as well as some practical aspects.
Brazilian Government recognizes the importance of foreign investment in the form of rural land ownership
What have been the main trends in the real estate
market in your jurisdiction over the last 12 months? What have been
the most significant deals?
There has been a large amount of real estate investments in Brazil in the last years. Not only large investors have been appreciating the hotel and shopping center areas, small investors have been viewing the Brazilian environment as a great opportunity for retirement plans.
insurance, investment
When investing in Costa Rica, as in other countries around the world, investors frequently find themselves facing the dilemma about which is the best option available when purchasing any type of real estate, whether to do so as a natural person, that is, in their own name, or whether to form a company, which constitutes a legal entity and all the implications that comes along with it.
After five years of having started with the intention of modifying the Plant Varieties Federal Law; the Agricultural and Livestock Commission of the Chamber of Deputies published on April 10, 2012 that the bill received on November 17, 2011.
The importance of Industrial Property around the world has increased in such scale that a lot of different commercial aspects of the way we do business today are affected by it.
What is going on in Panama is without any sort of precedent. The market is growing rapidly and such real estate development has never been experienced before in our country.
There are several transactions subject to inscription in the Public Registry in regards with Real Estates: mortgages, donation, improvement statements, co-owners acts, anyway, all sort of deeds requested for the due inscription of real estates in Panama.
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By means of Decree No. 7894, of January 30, 2013 (Decree 7894/2013), published in the Official Gazette of the Union of January 31, 2013, the Brazilian government decided to reduce from 6% to zero the Tax on Exchange Transactions (Imposto sobre Operações de Crédito, Câmbio e Seguro, ou relativas a Títulos ou Valores Mobiliários - IOF) in the exchange transactions made as from January 31, 2013, for the acquisition of units (quotas) of local Real Estate Investment Funds (Fundos de Investimento Imob
The Fourth Chamber of the Brazilian Superior Court of Justice (Superior Tribunal de Justiça – STJ) ruled that credits secured by fiduciary assignment (cessão fiduciária) of receivables are not subject to the judicial recovery plan of a Brazilian company .
According to the Brazilian legal regime, the use and the occupation of land, as well as urban zoning, are regulated by municipal rules.
On November 14, 2012 the Board of Directors (Diretoria Colegiada) of the Central Bank of Brazil (Banco Central do Brasil – Bacen) approved Circular No. 3614 of the same date (Bacen Circular 3614/2012), establishing new conditions for the issuance of the Real Estate Credit Bill (Letra de Crédito Imobiliário – LCI) and authorizing investments banks (bancos de investimento) to also issue LCI.
The ownership of rural land by foreign companies or individuals has been debated in and outside the Courts for decades in Brazil.
Registered public offering of 285 (two hundred and eighty five)
senior certificates of agribusiness receivables.
The acquisition of units of the FII is deemed to be a long-term investment.
On December 29, 2011, Law 26,737 establishing the Protection System of Argentine Title to or Possesion of Rural Land became effective.
Acquiring real estate is a complex operation in all parts of the World, especially if you are buying as a foreigner and you are not aware about the rules of law, as well as some practical aspects.
After five years of having started with the intention of modifying the Plant Varieties Federal Law; the Agricultural and Livestock Commission of the Chamber of Deputies published on April 10, 2012 that the bill received on November 17, 2011.
