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Showing posts from November, 2022

No foreigner needs to make a Greek will.

  Wills are made when a testator wishes arrangements other than intestate sequence arrangements. There is no need for a foreigner to make a local will, but in Greece an alien can do his/her will (which is neither advisable or practical if the testator does not intend to continue living in Greece). There are three types of ordinary will in Greek law, i.e. the holographic, the public and secret.   qatar sale A holographic measure is handwritten by the tester and dated and signed by the testator's hand. In the presence of three witnesses or another notary and one witness a public will is made before a notary. An intermediate form between the holographic and the public is a secret will. The tester is not required to perform a secret handwriting will, but must sign it. In the presence of three witnesses or another notary and a witness, the secret will is delivered in a sealed envelope to the notary. Property can be given throughout the owner's lifetime. However, if G...

How high are inheritance taxes in Greece?

  Heritage tax shall be levied by the State. The tax does not apply to the deceased's estate, but to the beneficiaries for their share of the estate. The tax liability arises on the date of death. The legacy tax is based on the fair market value of each beneficiary's share at the time of death. Expenses such as funeral expenses, the debts of the deceased, and the expenses of the deceased's care are legacy deductible . real estate qatar The heirs are divided into three categories, depending on how closely the deceased is kinship. Category I covers spouses, kids, grandchildren and parents. Category II includes grandparents, siblings, stepbrothers, stepsisters, foster parents, in-laws and previous married children. Category III comprises all non-Category I and Category II recipients. Real property belonging to heirs of Category I and Category II shall be taxed at a flat rate of 1%. Heirs of Category I are entitled to an exemption of € 95,000, while the non-taxable ...

TAXATION INDIVIDUAL

  El-Salvador holiday homes. Residents are only taxed on their income from El Salvador. Married couples are separately assessed and taxed.   qatar property TAX INCOME (Impuesto Sobre la Renta) Income is not classified into different categories. Revenue from all sources is aggregated and gradually taxed. UNER TAX INCOMEnTAXED TAX RATE, (US$) Up to $5,664.00 Up to 0% US$5,664.00 - US$10,742.86 10% of US$5,664.00 on the band USD 10,742.86 – USD 24,457.14 20% over US$ 10,742,86% on band. More than US$24,457.14 30% of all income above US$24,457.14 Source: Guide to Global Property MONTHLY TAX INCOMnnTAXED TAX RATE, (US$) Up to 472.00 USD 0% US$472.00 – US$895.24 10 percent over US$472.00 on band US$895.24 - US$2.038.10 20% over US$895.24 on a band About US$2,038.10 30% of all revenue above US$2,038.10 Source: Guide to Global Property For individuals, taxable income (gross revenue less revenue-generating expenses) shall be calculated as net income...

Three Years of Excellence for Qetaifan Projects!

  Despite All Obstacles, There Have Been Numerous Accomplishments / Qetaifan Projects, the firm completely owned by Katara Hospitality and the exclusive real estate developer of Qetaifan Island North, is celebrating its three-year anniversary and has seen rapid expansion and progress. It's worth mentioning that, despite the epidemic, Qetaifan Projects was able to adapt to challenges and turn them into opportunities last year. Qetaifan Island North did not stray from its timeline or have any operational delays. Instead, Qetaifan Projects formed a committee led by His Excellency Sheikh Nasser bin Abdul Rahman Al-Thani, Managing Director of Qetaifan Projects, to manage and overcome the crisis without disrupting the company's operations, with over 6000 workers on-site working around the clock under the supervision of five main contractors. The Managing Director of Qetaifan Projects, His Excellency Sheikh Nasser bin Abdul Rahman Al-Thani, stated, "It's difficult to go to ...

The European Real Estate Securities Fund receives the Cohen & Steers SICAV Refinitiv Lipper 5-Year Performance Award!

The European Real Estate Securities Fund ("the Fund"), a leading global investor specializing in real estate and alternative income, is pleased to announce the award of the 2021 Refinitiv Lipper Fund for the real estate category in Austria, France, and Switzerland by the Cohen & Steers SICAV European Real Estate Securities Fund ("the Fund"). The Fund has been awarded a solid risk-adjusted performance for the five-year period ending 31 December 2020.  studio qatar European Real Estate Chief and Senior Portfolio Manager Rogier Quirijns said: "Lipper is delighted again to recognize Lipper's ongoing strong performance that offers our investors attractive risk-based rates, an achievement that we believe is the result of our entire team's dedication and effort in achieving investment excellence. Just as the pandemic raised certain types of real estate by 2020, progress in the distribution of vaccines and fiscal stimulus could benefit some of the mos...

Vesta Equity and Algorand have formed a partnership to create a global blockchain-based tokenized residential home equity peer-to-peer marketplace

. Vesta Equity, a global home equity marketplace, said today that its modern solution for residential property financing and investing will be built on Algorand's blockchain.   for sale apartments Outside of standard home equity lending alternatives, Vesta gives homeown ers the tools they need to manage their home equity. Vesta uses blockchain technology to link property investors with homeowners, providing them with the tools and platforms they need to deal quickly and easily. This allows homeowners to be debt-free while yet maintaining full residential rights. Unlike traditional home equity loans, reverse mortgages, or forward mortgages, homeowners can access equity by tokenizing the underlying value and selling a portion to accredited investors – all without compounding interest or the major inconvenience of an outright sale. Property investors can then reach homeowners directly (1:1) in a peer-to-peer marketplace to develop a residential equity portfolio that includes ...

How to stay in Spain for more than 90 days - An overview of residency visas!

  The United Kingdom will no longer be a member of the Union after 47 years. After both Westminster and the European Parliament adopted the Withdrawal Agreement, the United Kingdom officially departed the Union on January 31, 2020.  propertyfinder qatar As most UK citizens are already aware, you are not allowed to stay in Spain for more than 90 days in a row after Brexit. The 90/180-day rule is the name for this annoying restriction. It should be remembered that you can stay up to 90 days in each rolling six-month period inside a calendar year. In plain English, you have the option of staying for up to 90 days in each calendar year (without visa). A visa is only required if you plan to stay in Spain for more than 90 days. We've spent the last five months methodically publishing extensive in-depth articles explaining the various legal ways to get around the 90/180-day restriction. In today's essay, we'll take a quick look at the four most common legal choices. Please not...

Lucrative Visa for Business

  This permit, as its name implies, permits the applicant to work in Spain as a self-employed individual. This residency is for people who want to start their own business in Spain. In most cases, you will serve as a director or company administrator. Needless to mention, one of the most important conditions is that you have the financial resources to maintain yourself and your family for a year. The hitch, other from a strong desire to succeed, is that you'll need between €80,000 and €100,000 in savings to start and maintain a business.  properties for sale Appropriate for: Applicants (families) that desire to open and operate a business in Spain Self-employed individuals Entrepreneurs are those who start businesses. More information can be found at: Lucrative Residency Permit (business visa) 4. Pensioner visa — This is a non-profit visa. This visa allows the applicant to live in Spain but not to work, as the name implies. The candidate must be self-sufficient a...

Spanish property foreign demand in the first quarter of 2021 – still 20pc below where it is!

  Foreign demand remains nearly 20 percent lower than a year ago, when the coronavirus started reversing the world.   property for sale in qatar We already knew about the virus in China that started spreading in Europe in early March but life was still quite normal in Spain; on 8 March there were massive feminist marches celebrating International Women's Day, making it difficult to believe we would all be confined to barracks less than ten days later, starting on 15 March. Thus, Coronavirus had largely not affected the first two and a half months of the quarter, which explains why sales fell by 6.4 percent in this same quarter. That said, before the arrival of Covid-19, the trend was already down, with an increasing number of headwinds as political tensions beginning to turn foreign investors from Spain. In comparison, C19 was a hurricane and the other market forces looked like a gentle breeze, both positive and negative. So how did foreign demand in Q1 this year co...