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It’s Illegal to Sell or Possess Cannabis in Japan—But It’s Legal to Get High On It. Here’s Why

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Frequently asked questions about purchasing property in Japan. Yes, they can. There are no restrictions for foreign non-residents to purchase real estate in Japan. Fixed asset taxes are levied once a year based on the size and construction of your property or land. Kutchan town council is responsible for calculating the amount of the tax. This tax is calculated based on a day year. When purchasing a property, initial fixed asset tax will be calculated from the date of settlement until December 31st of the same year. In general, it is extremely difficult for foreigners to obtain financing through a Japanese bank. At a minimum, permanent residency status and collateral in Japan is needed for your application to be considered. The following building restrictions are in place for Hirafu Village under the jurisdiction of Kutchan Town :. In addition to the above, building setbacks are in place. These will vary according to the size of your building as well as the adjoining road. For full details on building restrictions, including restrictions for areas outside of Hirafu Village, please contact us. Can foreign non-residents buy real estate in Japan? Yes, land is free hold title, with the exception of some areas around the Annupuri ski field. The purchase and sale process in Japan is smooth and predictable. The rule of law is strong here, and the culture extremely organized and on time to say the least. You will find the purchase process very similar to many other countries. For a detailed breakdown of the process read below. Balance to be paid within 2 or 3 months. Necessary Information : West Canada Properties collects all the necessary information from the vendor and buyer. Both documents are prepared by West Canada Properties. Contract Signing : Upon approval of contract documents by both Vendor and Buyer, contracts shall be signed using the online signature platform RightSignature. The Vendor shall sign first; followed by the Buyer. RightSignature secures your executed document with a complex hash algorithm to ensure the permanent record is tamper-proof. Electronic signature contract documents are legally binding in Japan. Funding for Deposit : Deposit is due to be paid at time of contract signing. West Canada Properties shall confirm bank details verbally prior to requesting the bank transfer. West Canada Properties shall not release the deposit to the Vendor without prior written approval from the Vendor. This applies to both a individual and a company as the purchasing entity. To ensure a smooth settlement, we shall request funding for settlement has a value date of five 5 business days prior to settlement. You own a piece of the dream. Latest Properties. View all Properties.

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