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Lisaz

Share in buying a property

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Hallo...is it possible to buy a property with two or more people sharing the costs with the intention of all shareholders (with their families!) to get a residence permit? If so, are there any specific requirements ie should the property be a certain size etc or any property would do. Thanks 

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Hi Lisaz,it is possible to have more than one name on a Tapu for a property. If for example three names were on the tapu,they would all own  and be responsible for one third of the said property. It doesn't matter if it's a 70sqm apartment or luxury villa.
As everyone has to have individual Residence Permits,the joint owners and their spouses can individually apply for their RP's as property owners, [as opposed to Touristic RP's] with the spouses if not named on the Tapu needing to show they are married to one of the owners by showing their apostilled ,translated & noterised wedding certificate.

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