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1,A :

A relative of mine whom is currently residing in Hawaii is thinking of buying a house in Taiwan for travel and vacation. If this is permitted, what regulations are involved in the process? What documentations does he need to prepare and what problems might he face? I.Relevant regulations governingwhich related to foreigners in the acquisition of real estate in Taiwan for foreigners that would be involved in the process would beare Article 17 to Article 20 of the Land Act and relevant portions in the Operational Directions for Foreigners to Acquire Land Rights in Taiwan. II.Foreigners wishing to acquire real estate shall submit the following documentations to the local land office where the site in question is located: (I)Land Registration Application. (II)Identification of the owner and the obliged in the process of transferring land ownership. (III)Sales and Rights Transference Contract. (IV)Tax declaration or exemption documentations (i.e., for land value-added tax and deeds tax). (V)Reciprocal documentation (in this instance, such documentation is not required since Hawaii (being part of the United States) has already been included in the Taiwan’’s list of reciprocal nations). (VI)Land Use Zoning Certificate (not required if the site in question is not classified as urban land). (VII)Land Ownership Certificate. (VIII)Authorization Statement (required if the buyer is unable to apply in person). (IX)Other substantiating documentations required by other central land administration agencies. III.Relevant operating procedures and information on how foreigners acquire land rights have been posted on the MOI’’s Department of Land Administration at http://www.land.moi.gov.tw. Simply go to Free Downloads -> Application Forms -> Land Rights -> Operational Directions for Foreigners to Acquire Land Rights in Taiwan and refer to the document accordingly. IV.If you have further inquiries, please contact the local land office where the site in question is located and provide a detailed description of your issue




2017-09-23
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