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Land & Property Ownership In Gambia

Foreigners Building Houses, Buying Property & Owning Land in Gambia

If you’re a foreigner considering buying a house, compound, land, or property in Gambia, it’s crucial to understand the various ownership options available. Determining who should own the property is the first question that needs to be addressed. Making the right decision regarding property ownership is vital to avoid potential disputes and financial complications, both during your lifetime and upon your passing.

Navigating Property Ownership in Gambia for Foreign Buyers

In Gambia, there are several ways to structure the ownership of compounds, land, and property. However, it can be challenging to navigate this process without a comprehensive understanding of both the local legal framework and the legal, tax, and inheritance systems of your home country. At Gambia Property Sales, we are here to guide you through this critical decision-making process.

Here are some common property ownership options to consider:

  1. Individual Ownership: You can own the property in your name alone, providing you with direct control and sole ownership rights.
  2. Co-Ownership: Property can be registered in your name and the name of your co-purchaser(s), allowing for joint ownership and shared responsibilities.
  3. Ownership in Children’s Names: You have the option to register the property wholly or partially in the names of your children, ensuring a potential inheritance arrangement.
  4. Limited Company Ownership: You can establish a limited company, whether it’s an English, Gambian, or “off-shore” company, to hold the property on your behalf.
  5. Pension Fund Ownership: Property ownership can be facilitated through your SIPP/SSAS pension fund, offering tax advantages and long-term investment potential.
  6. Investment Fund or Club Ownership: Property ownership can be structured through investment funds, such as Real Estate Investment Trusts (REITs) or Property Unit Trusts (PUTs), or through participation in investment clubs.
  7. Trust Ownership: Establishing a trust can provide a flexible and secure means of holding property, allowing for designated beneficiaries and specific instructions regarding ownership.

Making the Right Decision

Deciding on the most appropriate ownership structure requires careful consideration of your specific circumstances, long-term goals, and legal implications. Our team at Gambia Property Sales is equipped with the knowledge and expertise to assist you in making informed decisions regarding property ownership in Gambia. We understand the local laws, tax regulations, and inheritance systems, and we are dedicated to ensuring a smooth and legally sound property ownership process for our clients.

Contact us today to explore your property ownership options in Gambia and embark on your journey to acquiring your dream home or investment property.

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