Buying House in Beijing For Foreigners

15 09 2008

For foreigners who want to buy a house in Beijing need a certificate issued by the Beijing Municipal Public Security Bureau which would prove that the foreigners have been stayed in China for at least one year no matter what reason is, work or study and so on and according to a statement jointly issued by six ministries led by the Construction Ministry. There is some limitation for foreigners like they only use and dwell in the house themselves and not buy a house for other purposes. They also required using their real names when buying a house in China.

Persons from Hong Kong and Macao special administrative regions, Taiwan and overseas Chinese should also offer proper certificates when buying a house. 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. If not, they 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. For other news you could check echinacities.com.