Basic Steps > Declaration of acquisition to the local government
Double checking the property
Preparing a draft contract
Having the draft contract translated
Having the contracts notarised
Payment terms of the contract
Application to the TAPU Office
Documents asked by the TAPU Office
Forbidden zones and size limitation
How are FDI and foreign companies treated by TAPU Offices?
Issuance of a new TAPU by the Office
Declaration of acquisition to the local government
You are supposed to apply to the Municipality for declaring the acquisition of the property by the end of the year of acquisition. You simply fill out a form and submit it to the municipality. Afterwards, the municipality officers will tell you when/how much ‘real estate tax’ (a tax similar to the Council Tax in the UK) you are going to pay.