Anyone thought of investing overseas? I noticed a few people investing in New Zealand… what about any other countries? Do you need citizenship?
Thanks
LuciaYou might have to get permission from a foreign review board or equivilant.
A way round it, is to use a coporate strucutre (so you don’t need citizenship).
Rgds.
Lucifer_auI would like to invest in Bali or Fiji – not sure if you need citizenship though. My cousin is from Africa and he came recently to Australia and bought a house and bought it cash. He therefore didn’t need any citizenship since he was not going to take out any loans. My understanding is that it would be the same for Oz investors investing overseas – as long as they pay cash.
Kind Regards,
George.“If You never never ask, you’ll never never know”
In Australia there are various rules about non residents buying property – it has nothing to do with loans. check out the foregin investment review board.
Going overseas, it depends on the country whether you need citizenship or not.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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