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⍰ ASK Are there specific legal challenges associated with owning offshore real estate?

Owning property abroad has legal challenges. One big issue is understanding the rules for foreign ownership which vary a lot. You must follow these rules to own property legally.

Checking if property rights are legit is important too as some places have complicated systems. Legal differences can affect contracts.

Taxes are a big deal too, the rule in that country apply and dealing with taxes in both places can be hard. If there a double taxation agreement, it might help.
 

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