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Real estate acquisition by foreigner

Administrative matter

  • If a foreigner desires to acquire land, the administrative matter pertains to the following.

Documents required

  • Land recording, building recording, purchase contract for acquisition of land, and real estate buy-sell agreement
  • In cases where acquisition is made by other means than purchase, it must be reported within 6 months of acquisition.
    • If the acquisition is made by gift, then the owner shall submit an agreement to that effect.
    • If the acquisition is made by inheritance, then the owner shall submit documents attesting to inheritance.
    • If the acquisition is made by auction, then the owner shall submit a document showing the winning bid.
    • If the acquisition is made by exchange, then the owner shall submit a document showing the exchange.
    • If the acquisition is made by court order, submit a copy of the order.
    • ※ If a representative is reporting the purchase on behalf of the owner in an agency capacity, then the representative’s ID, copy of the owner’s ID must be submitted.
  • If the applicant continues to hold real estate even after he acquires foreign citizenship, then he shall report the ownership within 6 months of the change in nationality.
  • Document substantiating the change in nationality

How to handle the filing:

  • If the application is made in person, the application is process immediately.

The property owner should be aware of the following.

  • If the reporting is not made within 60 days of land acquisition, a penalty will be assessed.

This assessement is based on the following laws.

  • Foreigner’s acquisition of land Law Articles 4, 5, and 6
  • Article 3 of the execution of the law
  • Article 3 of the execution of the law

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