Saturday, March 15, 2008

FIC Approvals

FIC Approvals

For most housing properties foreigners are no longer required to obtain Foreign Investment Committee (FIC) approval. Foreign purchasers are still required to obtain approval from the State Authorities who will consider factors such as the location of the property, the type of property and in new developments the percentage of total units sold owned by foreigners. State consent can often take six months and in some cases longer.

1 comment:

Anonymous said...

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