IAsset acquisition schemes in African countries.

Asset acquisition may involve various schemes:
1. Acquiring equity participation in start-up high-tech projects;
2. Acquiring assets through auctions for the sale of assets of companies undergoing bankruptcy proceedings;
3. Establishing a joint venture by registering a new legal entity and contributing assets such as equipment, intellectual property rights, cash, etc. to its authorized capital;
4. Acquiring controlling or non-controlling stakes (interests) in existing business entities (management companies or production divisions);
5. Forming closed-end mutual funds for the purpose of investing in securities of public and private companies in Europe operating in various industries.

We recommend working only with proven lawyers with experience and a reliable reputation.

Buying real estate

In recent months interest in purchasing real estate in African countries has grown.

Some see this as an alternative to investing in the face of falling stock and cryptocurrency markets, others are buying property to obtain visas and residence permits, and still others are choosing properties for themselves.

The rules of the foreign real estate market have fundamentally changed and continue to change. Difficulties for citizens purchasing real estate abroad in the current environment are related to global changes in the investment landscape, the inability to freely transfer funds, and a number of restrictions and blocking measures across the entire asset class spectrum in Europe. Here are just a few of them:
- problems opening accounts in Europe and obtaining European loans for real estate purchases. Convenient real estate ownership is always associated with having a bank account in the country of purchase to cover maintenance costs;
- the lack of air travel is a systemic problem for owners of real estate intended for personal use.

Against this backdrop, so-called friendly countries, particularly the UAE and Turkey, have become the most popular destinations for real estate acquisition. Each jurisdiction offers its own unique set of options. Purchasing real estate in Turkey allows for citizenship. While there is a small influx of people choosing Turkish real estate for investment, caution is advised due to high inflation and economic risks in the country.

Lawyer

In Africa, lawyers are legal professionals who provide legal advice and represent clients, assisting individuals and businesses with their legal matters, and, when necessary, handling relevant correspondence and drafting contracts.

Lawyers typically specialize in one area, such as family law, property law, tax law, or commercial law.

Lawyers can establish professional firms and practice in partnerships, which can reach the size of the "Big Five" law firms.

Currently, there are approximately 60,000 lawyers and 5,000 candidate lawyers in Africa.