VAT exemption on inputs, capital goods, installations and machinery.
An annual allowance representing 50% of capital expenditure for energy-efficient equipment and green technologies
An 8-year tax holiday for real estate development companies
The possibility of promoting projects to foreign investors
Sustainable initiatives and soft mobility options
The possibility of reselling their property to foreigners
An improved quality of life with quality infrastruture
Urban services offered via ‘My Moka’ platform
A residence permit when purchasing property valued at USD 375,000 or above
Following the 2020 budget, holders of a residence permit (OP or PR) can acquire – for residential purposes only – a serviced plot of land with an area not exceeding 2,100 m2 within a Smart City. This amendment makes the Smart City Scheme (SCS) one of the very few programs that allow foreign nationals to acquire land for residential purposes. To do so, the purchase must be completed by June 30, 2022, and construction must be completed within 5 years. It should be noted that foreigners only have access to 25% of residential land in Smart Cities.
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