Buying Real Estate by a Foreigner in Ukraine
What we do
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check the real estate object: office, apartment, house, industrial complex, before the purchase;
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assess buyer's risks and provide legal advice regarding buying property in Ukraine;
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open an account in a Ukrainian bank and obtain TIN, if necessary;
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provide assistance in composing the purchase contract to buy property in Ukraine
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make adjustments depending on whether the buyer is a foreign individual or a legal entity;
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prepare the meeting at the reliable notary in Ukraine, accompany the process of concluding the transaction;
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registering the right of ownership of the property in Ukraine by a real estate lawyer.
The process will differ depending on what kind of real estate it is: Commercial - one that will be used for profit-making purposes, such as an office, shopping center, industrial complex, factory, etc.; Non-commercial - one that will be used by you for personal purposes, such as an apartment, private house, etc.; Land - has special rules for the acquisition of foreigners. It also matters who will be buying real estate in Ukraine: a foreign citizen or a foreign legal entity. When choosing a property in Ukraine real estate market you should go through the following algorithm: Understand exactly what kind of real estate you need, based on the goals you want to achieve; Check the property itself (history, arrests, pledges, etc.); Check out the owner of the property (debts, reputation, financial history, availability of the right documents); Check the contract you are offered to sign (how to settle disputes, whether the signatures of all the owners, etc.); Prepare everything to be able of buying property in Ukraine (TIN, Ukrainian bank account, power of attorney, apostilled translations of documents); Find a qualified and responsible notary; to carry out the purchase of real estate in Ukraine; If the property is commercial - to decide how you will do with it further - to the balance of the company, as part of the share capital, etc. With each of the above-mentioned stages our real estate lawyer helps you. Even more - we take the organization of the whole process ourselves, you only have to coordinate the very idea of buying property in the Ukraine on the real estate market, and stop your choice on one of the real estate objects.I want to buy an apartment, office, land in Ukraine: what to do?
WHY CHOOSE US
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A range of services for buying real estate
By contacting us, you will not have to look for a separate specialist for a real estate audit, notary, appraiser or even a realtor. We will provide you with reliable, trusted specialists, and take responsibility for organizing the process. -
Help for foreigners
We specialize in providing legal assistance to foreigners in Ukraine. This means that in our company you will be welcomed by English-speaking specialists, and our experience of working with foreign clients will help you to go through the whole procedure faster and easier.
Documents for buying real estate in Ukraine
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Buyer's Passport
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Identification Code
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Seller's Passport
The most basic set of documents to buy property in Ukraine will consist of: extract from the register of rights; passport and owners extract from the registration of the place of residence; property valuation. This is the most common list for a very basic apartment buy. However, if the situation is not basic, it may require additional documents like consent from the second owner or the seller's spouse. The answer to the question: “Can foreigners buy property in Ukraine?” is yes, they can. However, there are some restrictions: Foreigners can buy not just any real estate. It can easily be an apartment, an office or even a house. But there may be problems with trying to buy land in Ukraine. For example, if this land is agricultural, it will be impossible. You will need Ukrainian documents, in particular, TIN. It can be obtained in a couple of days, even without your presence in Ukraine. You will need a bank account because, according to the law, payment for real estate must be made through a bank. Depending on your final goal, there may be limits on the cost of real estate. Let's say you plan to obtain a residence permit in Ukraine through the purchase of a property. In this case, the purchase amount should be from 100,000 EUR. Please note that buying real estate in Ukraine by an individual and a company are completely different things. And companies are different. Thus, buying commercial real estate by a foreign company will make the process more complicated and will require more preparation work. But if you have a Ukrainian company, this can solve the issue even with buying land. If we outline the procedure very schematically, without details, it will consist of the following stages: Selecting a property. You can do this yourself or contact us for advice on a trusted realtor. Property check. The property will need to be checked for many reasons. Not only the property itself, but also its owner. Troubleshooting. If the check reveals facts that make such a purchase risky for a foreigner or impossible, you can refuse the property or try to eliminate these obstacles legally. Preparation. The preparation stage of both the buyer and the seller takes place. All documents must be in order on both sides.Documents Required for Foreigners When Buying Real Estate
Or, let's say you want to purchase not an apartment but think on buying a house in Ukraine. In this case, you might need documents for the land on which the house stands or extract from the State Land Cadastre, etc. Some of these documents are easy to obtain, while others require a precise knowledge of how to obtain them. We know.Restrictions for Foreigners Who Want to Buy Real Estate in Ukraine
Procedure for Buying Real Estate in Ukraine
Conclusion of the deal. The transaction is concluded with a notary, whom we can advise on how to organize the entire process.
REFERENCES FROM OUR CLIENTS
General Manager V. Abramov, PJSC "ORGREGIONPROEKT"
L. Sizikova, the first vise-president of the Kyiv CCI , Kyiv Chamber of Commerce and Industry
General director Skibinskiy V., Yokogawa Electric Ukraine Ltd.
President A. Netrebchuk, Ukrainian squash federation
Important to know
There are a lot of ways and tools to check the real estate in Ukraine before buying it. There are open and closed registries, which can help you gather information on the property, its current and previous owners. All this information allows you to start calculating the risks of investing in real estate. What is helpful, of course, is the expert opinion of a specialist real estate lawyer. It is he who will tell you how risky it is to invest in construction in Ukraine, how reliable is the reputation of the developer, and will also help protect your interests by elaborating an agreement to purchase real estate. Of course, there are a lot of nuances in the procedure. It is difficult to cover them with one page of service or even one article, although you can find information both here and in our materials that are written by our professional real estate lawyer and based on our practical experience. Moreover, each situation is unique, each case may have its own problems and peculiarities of the process. But we will try to highlight the basic rules which should be followed when planning to buy real estate in Ukraine. Buying land in Ukraine - there are restrictions on buying land in Ukraine by foreigners. For example you will not be able to buy agricultural land. On the other hand you will have no problem buying, for example, land together with the building which is located on it. The consent of the owners - when buying real estate you need to know how many owners own it. If the owner is not one - permits and consent to the sale must give all owners. And not just in words - and a notary, by signing a contract or power of attorney to sell the property by one of the owners. If the owner is married - a permission to get and his wife. Going to the notary - going to the notary, you should not only have all the documents in hand, but also be able to understand the notary. If you do not speak Ukrainian, you will need a certified interpreter. Without this, the notary will not have the right to conduct the transaction. Documents for the purchase of the property - as a buyer you will need at least a copy of your passport with a translation into Ukrainian, as well as obtained in Ukraine TIN. The seller on his part will have to provide documents on the ownership of real estate, his personal documents, property appraisal, etc., depending on the type of real estate. Investment account - to transfer the money for payment of the real estate you might need a special kind of account in a Ukrainian bank - an investment account. But it will not need to open, for example, if you have a residence permit in Ukraine. The availability of this account will play a role if at some time you want to sell the property and take the money again abroad. Payment for the property in Ukraine - only in hryvnia and only via bank transfer. Utilities - after the deal you will need to sign or re-contract the utilities in your name. How to calculate the risks when buying real estate in Ukraine?
Important Things to Know Before Purchasing the Real Estate in Ukraine
FAQ
- How quickly can I buy real estate in Ukraine?
- The deal itself will take only 1 day. It can take 1-3 days for due diligence, depending on the complexity of the object's history, purpose and structure. Another 1-2 days are needed for obtaining TIN and opening an investment account in the Ukrainian bank.
- How many commercial properties can a foreigner own?
- There are no restrictions. But the amount of property tax will depend on the number of square meters that he owns.
SWIFT OBTAINMENT
AND BEST QUALITY PROVEN BY YEARS OF PRACTICE!
Volodymyr Gurlov, Managing partner
INTERESTING INFORMATION
Buying an apartment on the primary market attracts foreigners for several reasons. Firstly, these are more modern, spacious layouts and usually an apartment in a residential complex with additional benefits such as shops, pharmacies, kindergartens, etc. Foreigners also think that if the apartment does not have a previous owner, then its purchase will be safer. On the one hand, yes, the apartment will have one owner – the developer, and there will be no long history. But problems can arise in this case too. The most common examples: The land on which the house is being built is not properly registered; Not all construction documents have been completed; The developer is unreliable and is in litigation. Any of these problems can lead to the loss of your money. However, this can be easily avoided by checking the developer and the property in advance. Buying on the secondary market has its undeniable advantages. Often, this housing is completely ready for habitation, which you can immediately move into. But of course, the more owners the housing had before you, the higher the risk of shortcomings during the transfer of ownership or such unpleasant surprises as uncoordinated redevelopment or debts on utility bills.Buying an Apartment in the Primary Market
So, how to buy a real estate from a development company in Ukraine? As for the procedure, you will need a taxpayer identification number (TIN) and opening an account. Then you will sign a contract with the developer.
As for additional payments, there may not be an advance payment, often developers do not provide for it. The seller pays the tax on the purchase and sale of real estate.Buying an Apartment on the Secondary Market
So, how to buy a real estate from an owner in Ukraine? First of all, when buying housing on the secondary market, it is worth additionally asking the owner for consent from all homeowners and their spouses. But, to make a thorough check you can also ask for information on family composition or documents on payment of utility bills. It is also necessary to check this housing for its presence in the court registers.
