Can a landlord lease a property to a foreigner?
In principle, a landlord or tenant can legitimately lease or sell immovable property to any person recognised under the Act as a legal foreigner. In other words, provided the foreign person is the holder of either a legal temporary residence permit or a permanent residence permit, a landlord may let a property to them.
Can a foreigner rent a house in South Africa?
The demand for rental properties in South Africa is constantly increasing and more foreigners than ever are using South Africa as a business gateway to Africa. While we may be feeling the economic pinch, foreigners can reap the rewards by renting property in South Africa for affordable prices.
Is it illegal to let a house to a foreigner?
However, this begs the question of whether this is advisable or not for a landlord, and what the risks are. The Immigration Act states that letting to an illegal foreigner, is classified as aiding and abetting an illegal foreigner, and this is a criminal offence.
Can a South African landlord blacklist a foreign tenant?
Should a foreign tenant default on their rent, they cannot be blacklisted. This poses a problem for landlords having to deal with defaulting foreign tenants, as they cannot have the same consequences as a South African citizen.
Is the office taken on rent by a foreign company?
The office is taken on rent by the foreign company and just serves the address of communication for its Indian clients.
Where does foreign company have representative office in India?
The foreign company has a representative office in Delhi (not a registered office as yet but in process, and first year contract is to be signed now). The office is taken on rent by the foreign company and just serves the address of communication for its Indian clients.
Can a foreign company own an u.s.company?
And so long as the U.S. company doesn’t primarily hold real estate, the corporate parent won’t pay capital gains when it sells the U.S. affiliate. Even individual foreign owners are probably best off with a C corporation, says Hartnig, since the structure will shield them from direct IRS scrutiny.
How does a foreign company provide services in India?
But the services are provided mostly within India to the clients of the foreign company present in India. The foreign company has a representative office at Bangalore ( not a registered office). The office is taken on rent by the foreign company and just serves the address of communication for its Indian clients.