Real Estate involves a lot of tax interrogation, and even more when companies are concerned. These questions go beyond income tax and include registration duties and VAT. Therefore, a preliminary and complete examination of each real estate project is necessary.

For a real estate company, tax regime is very complex and causes a great number of questions which are encountered as from the first steps of the real estate project.

These questions are linked to direct taxes, but also to registration duties which put a strain on a lot of real estate projects, even though successful tax solutions are available. VAT questions, especially as far as renting and leasing are concerned, can determine different choices.

A solution to real estate investment specific problem, at least for companies, can be the securitization of estates, which can be achieved through acquisition or company creation, being ordinary or with fixed capital investment. The land certificate formula presents numerous advantages, both for public and private issues.