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The price of constructing tax is zero.2 % (0.1 percent on residences) and the velocity of land tax is zero.1 p.c (0.three p.c on constructing sites).
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Notification on the List of Business Activities for Foreign InvestorsThis Notification, issued in 2015, supplies a listing of actions which may be open to international investment. However, it restricts such funding in regard to the share that a overseas investor might hold within the legal entity concerned in one of the activities listed, and in regard to investment minimums for foreign traders. Foreign buyers will have to have registered capital of greater than 4 billion kip, while there is not any such high capital requirement imposed on local investors. If a international investor wants to carry one hundred per cent of the capital of a legal entity, registered capital of greater than 20 billion kip is required.
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Our Government Relations and Contracts practice counsels shoppers on interacting with the Venezuelan government and offers representation in litigation and appeals involving authorities businesses and firms.
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