Right of purchase, inheritance, lease and terms of purchase by the foreigner of real estate in Russia

Domestic legislation does not limit the rights of foreign citizens in the acquisition and disposal of immovable objects.Despite the permissiveness, the legislation approved a list of immovable objects that can not be acquired by representatives of foreign States. These include: land plots of agricultural purpose; land located on the borders with other States; land located in the forest area; land plots located on the territory of protected areas; land plots located on the territory of defense facilities; real estate objects located in administrative areas

The civil Code of the Russian Federation, containing the rules of inheritance law, equates foreign citizens and citizens of the Russian Federation in the rights to the will, to join the inheritance. And regardless of whether foreigners live in Russia or not.

A foreign citizen has the right to lease premises to Russian companies. Since the Civil Code does not limit the range of landlords. That is, it can be both an organization and a citizen, including a foreigner. It is not necessary for a foreigner to register as an individual entrepreneur. In this case, the rental income received by a foreigner in the territory of the Russian Federation will be taxed on the income of individuals at the rate of 30 percent if the foreigner is a non-resident.