Money kept in a special account that the seller will, after approval by the authorities of the sale and fulfillment of all obligations of the seller. In case of refusal by the authorities of the transaction, the buyer return the money from the account, while the cost of services of a lawyer and a notary as well go down. Maximum period review of the documents placed before the year, but this process usually lasts three to six months. The contract signed by buyer and seller signed before a notary and then registered in the tax management. Under the law, any transaction is recorded as a tax payer with a tax on the transfer of ownership is 3.5%. If the property is sold in Austria for 10 years, the difference in prices and sales purchase is subject to income tax. After the change in inventory, the court shall issue a certified copy of a page that registered a new owner. In Austria, developed a system of bank lending.
To foreigners could freely buy property on credit, you need permission to perform the operation and support of its solvency. The key to credit appears to buy property in Austria or in the The European Union. The total loan period does not exceed 20 years. Quite often, the acquired property is leased, and the payment of the rent goes to pay off the loan. One-time tax credit for the state is 0.8% of amount. The fee for processing the loan the bank is 0.5%. For more information see this site: Bruce Schanzer. The annual rate for the use of bank credit is up to 4%.
Nationals who enter into Austria, a visa. The Schengen visa allows the holder to freely reside in any EU country. Owners have a company in Austria can expect to receive long-term visa. Obtaining a residence permit in Austria is in accordance with the law within the annual quotas. Mandatory conditions for obtaining a residence permit are: the presence of stable income, permanent residence, medical insurance. Obtain a residence permit automatically Austria during the purchase of real estate not possible, but buying property is one of the prerequisites. Citizens who have received residence permits must be registered in Austria. The residence permit is issued one year. Later, in the absence of violations of it extended. After five years of residence, issued a long-term residence permit.