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Can foreigners own real estate in Cuba?
It’s still illegal for foreigners to buy homes in Cuba, the island state ruled by a communist government since the 1959 revolution, unless they are permanent residents. It only became legal to sell private homes in 2012, as part of a government plan to boost investment and economic growth.
How do I become a permanent resident of Cuba?
The Requirements to Get the Permanent Residency
- You are married to a Cuban or with a permanent resident in Cuba.
- You have children in Cuba (majors of age) or other first grade family ties.
- You are a Cuban citizen but you have lost your residency because you lived outside Cuba for a long time.
Can EU citizens buy property in other countries?
In Europe, no law prohibits foreign citizens from buying property but certain countries have put limitations on this right, often with regards to residency rights, property type or buyer category. For example, only residents can buy real estate in Liechtenstein.
Can I own land in Cuba?
By law, only Cuba’s permanent residents can buy, sell, or own property. But the country is loosening restrictions and offering reforms that give foreigners a fighting chance to become property owners. Investors do have to meet certain criteria. Government restrictions also prompt informal real estate transactions.
Can I retire to Cuba?
Work permits and business visas are incredibly difficult for foreigners to obtain, and the only guaranteed way of living in Cuba is to marry a Cuban national. However, the Cuban government is becoming more open to the idea of retirement and has started to initiate “snowbird” visas.
Can you buy a property in Cuba?
The Cuba property market is unlike any in the world. Foreigners married to legalized Cuban citizens can buy property. The spouse of a Cuban resident becomes a permanent resident, giving investors the right to legally purchase Cuban property. The market is also open to Cubans temporarily living abroad or on the island.
Can I buy a house abroad after Brexit?
Anyone who can pay the price is still able to purchase a property in one of the EU countries. Brexit has not changed that. The costs of buying a property are not affected by your nationality.