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Rules and restrictions when foreigners buy land abroad: owning real estate in the world.

Rules and restrictions when foreigners buy land abroad: owning real estate in the world.

The right to buy new real estate or land for construction, provided construction begins within 12 months of purchase.

Buying real estate in the Bahamas

It's simple enough, but you should be aware of some requirements. Non-Bahamians must register their purchase with Foreign Investment and have a special permit if the land exceeds 5 acres if the property will be used for partial rental or commercial purposes. Foreigners must also register any investment in real estate with the Central Bank of The Bahamas to be able to sell and take the proceeds out of the country in the original currency of the transaction.

To buyreal estate in Canada no'

Except for land owned by the British Crown.

Recommended real estate
Some land may be offered for sale, but it will not be freehold. Restrictions tend to be found at the provincial level; in Prince Edward Island, for example, non-residents need permission to purchase land larger than 5 acres, and Saskatchewan does not permit the purchase of land larger than 10 acres. The other east coast provinces of Nova Scotia, Newfoundland, New Brunswick, and the provinces of Quebec, Ontario and British Columbia have no restrictions on foreign ownership.

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