The disproportionately large number of statutory amendments (tightening the rules, bringing the provisions into line with bilateral treaties, and loosening the rules) means BewG has become a “patchwork” statutory instrument.
The subject of restricted real estate acquisition is relatively complex and calls for a systematic approach, i.e. the clarification of nationality, place of residence, utilisation of the property and future intended purpose.
Ideally, associated decision-making should be based on the following checklist:
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