Rules for Foreigners Buying House in Beijing

Rules for Foreigners Buying House in Beijing
Sep 26, 2007 03:33
JIMMYB Points: Join Date: Feb 7, 2007 Status: offline	For those foreigners who want to buy a house in Beijing, you need to know some rules. Here are some information. Hope it will be useful for you. Foreigners who intend to buy a house in Beijing need a certificate issued by the Beijing Municipal Public Security Bureau to prove that they have stayed in China for at least one year for reasons of work or study, according to a statement jointly issued by six ministries led by the Construction Ministry. The rule required that foreigners only use and dwell in the house themselves and not buy a house for other purposes. Foreigners were also required to use their real names when buying a house in China. Residents from China's Hong Kong and Macao special administrative regions, Taiwan and overseas Chinese should also be in possession of proper certificates when buying a house. Foreign organizations, that set up branches or agencies in Beijing should provide certificates to prove their legal status in the city and give written guarantees that the houses they buy are only used for their own needs. Foreign organizations and foreign individuals who want to buy houses in Beijing, other than for their own needs, should apply to set up a foreign company first. If they want to buy houses to rent or sell or change them for commercial use, they should apply to set up a foreign company and obtain an operations certificate. Foreign embassies in China, representatives of international organizations and people who enjoy diplomatic privileges should have a note of approval to buy a house from the Ministry of Foreign Affairs. Inquiries can be made to the Public Security Bureau by telephoning 8402-010 ( source China Daily)

Sep 26, 2007 03:33

JIMMYB
Points:
Join Date: Feb 7, 2007
Status: offline

For those foreigners who want to buy a house in Beijing, you need to know some rules. Here are some information. Hope it will be useful for you.

Foreigners who intend to buy a house in Beijing need a certificate issued by the Beijing Municipal Public Security Bureau to prove that they have stayed in China for at least one year for reasons of work or study, according to a statement jointly issued by six ministries led by the Construction Ministry.

The rule required that foreigners only use and dwell in the house themselves and not buy a house for other purposes.

Foreigners were also required to use their real names when buying a house in China.

Residents from China's Hong Kong and Macao special administrative regions, Taiwan and overseas Chinese should also be in possession of proper certificates when buying a house.

Foreign organizations, that set up branches or agencies in Beijing should provide certificates to prove their legal status in the city and give written guarantees that the houses they buy are only used for their own needs.

Foreign organizations and foreign individuals who want to buy houses in Beijing, other than for their own needs, should apply to set up a foreign company first.

If they want to buy houses to rent or sell or change them for commercial use, they should apply to set up a foreign company and obtain an operations certificate.

Foreign embassies in China, representatives of international organizations and people who enjoy diplomatic privileges should have a note of approval to buy a house from the Ministry of Foreign Affairs.

Inquiries can be made to the Public Security Bureau by telephoning 8402-010 ( source China Daily)

Sep 26, 2007 04:09	#1
APAULT Points: Join Date: Mar 11, 2006 Status: Offline	Jimmy... I don't intend to buy a house, but I am curious. You talk about Beijing. Don't these rules apply to all parts of China?

Sep 26, 2007 04:25	#2
JIMMYB Points: Join Date: Feb 7, 2007 Status: Offline	Apault, basically, these rules can be applied to other parts of China, since these rules are stipulated by the Construction Ministry of China. Well, there are some specific differences in different parts of China. The requirements of real name when buying a house and the purpose of residence are basically needed in almost all other cities.

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