An increasing number of Russian HNWIs (high-net-worth-individuals) are notifying Russia’s tax authorities about their foreign bank accounts and controlled foreign corporations (CFCs). This follows Russia’s adoption of the Common Reporting Standards (CRS) in 2016, which facilitates the automatic exchange of information regarding bank accounts between partner countries’ tax authorities in a bid to combat tax evasion.
A Global Exhibition on International Real Estate.
Mortgages are available to foreign borrowers in Monaco. Loans can be issued to individuals, offshore companies, French property companies (Société Civile Immobilière) and Monégasque joint stock companies (Société Anonyme Monégasque).
Most overseas property buyers are over 55 and already planning real estate succession before they sign the sales contract.
In Europe, no law prohibits foreign citizens from buying property but certain countries have put limitations on this right.