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The Federal Republic of Germany is the biggest industrial country in Western Europe with high living standard and relatively mild immigration law. Germany is a member of the European Union and the Schengen Agreement.
It is world's 2nd biggest exporter.
As you know, real estate is divided into two main types:
- Commercial real estate (or investment: hotels, yacht clubs, wineries, restaurants, shops, offices, factories, warehouses, petrol stations, shopping malls, etc.)
- Residential properties (facilities suitable for personal accommodation as well as for lease).
It is important to remember that in addition to the property price, purchaser bears other expenses as well, such as tax payments, notary fees and other fees.
Schengen visa or a National German visa is required to enter Germany.
The taxation system in Germany has more than 40 kinds of taxes. Considering that it’s easy to be entangled in their diversity and the treatment, people generally handle their financial affairs management to experts who consult them and prepare annual income tax returns.
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