Introductory Act to the Federal Act on the Acquisition of Real Estate by Persons Abroad (EG BewG) - Jurisdiction Art. 15 Valuation Act

1. Competent Authorities

a) the Registrar's Inspector as the licensing authority;

b) the Department of Construction and Justice[2] as the authority entitled to appeal;

c) the Administrative Court as the appellate instance.

1. The acquisition shall be approved if the property serves as the main residence for a natural person at the location of their lawful and actual residence, for as long as it endures.

2. The acquisition shall be approved if the property serves as a secondary residence for a natural person at a location where they maintain exceptionally close, justifiable connections, for as long as these endure.

1. The land registry administrator and the commercial register officer shall inform the acquirer about the requirement for authorization.

2. Applications for the granting of authorization must be submitted in writing and with reasons to the registry office inspector.

1. The Office Clerk Inspector shall make all necessary inquiries upon receipt of the application.

1. The registry inspector shall communicate the final decision to the parties, the land registry administrator, the commercial register officer, and the municipality in which the property is located.

1. The land register administrator shall immediately notify the registrar-inspector of all entries made pursuant to Article 20 paragraph 1 of the Ordinance on the Acquisition of Real Estate by Persons Abroad (BewV).

2. The registrar-inspector shall report this information to the Federal Office of Justice.

1. The acquirer is required to pay a fee between 100 and 6000 francs for each transaction.

2. The assessment bases are determined according to the provisions of the fee schedule.

1. The cantonal high building authority remains responsible for the approval of rents that were granted under the previous law in the case of cost-effective housing construction.

1. Upon the enactment of this law, the following are repealed

a) The ordinance of the Cantonal Council dated March 27, 1974, for the introduction of the Federal Decree from March 23, 1961, on the acquisition of real estate by persons abroad[5];

b) The ordinance of the Governing Council dated November 19, 1984, for the introduction of the Federal Act dated December 16, 1983, on the acquisition of real estate by persons abroad[6].

1. This law shall enter into force on January 1, 1988, following approval by the people and authorization by the Federal Council.