Housing cooperative is an easy and suitable mechanism for mobilization of resources in housing construction.
HC General Principle: buyers of the apartments acquire share in cooperative that give them the right (after completion) to obtain the ownership of the apartment in the future. As shares are considered equivalent to share capital payment, they aren’t VAT-taxable activity and the tax base isn’t increased by profit tax.
Our company has been working with housing cooperatives for many years. Our specialists not only secure the registration and current economic activity of HC, but also are the authors of many publications devoted to this topic.