Investments in construction in Finland aren’t so popular for investors from the CIS countries, however the northern capital of Finland — Helsinki, can successfully be competitive with many countries of the European Union on profitability and guarantees.
Finland attracts foreigners with ski resorts, a quiet holiday at the lake, discounts and various actions in large shopping centers and of course proximity to borders of Russia.
InnoTech Group works since 2010. We build up residential real estate in a format of investment projects, with private investors.
Residential real estate in the capital of Finland – Helsinki. A segment of clients – Finnish families, local population.
We build middle class housing for local population of Finland. Quality of finishing - minimalism.
In Finland housing cost on average 2800 euros for 1 square meter. In Helsinki the cost of 1 sq.m of housing an average of 4800-5200 euros.
Deficit of housing and as a result great demand (sale on average within 4-6 months since the beginning of construction, where construction is 12 months, i.e sales of housing before the end of construction).
Helsinki - capital of Finland. In Helsinki, there is a constant migration of both local and foreign population. Helsinki is in demand as the population and investors
Transfer of funds on construction - step by step.
Money from sale of housing accumulates on the closed account, access to which get the investor and the managing company at the time of distribution of profit, where the investor have the prime right for 20%, the rest is profit of the managing company.
Construction company provides the insurance covering causing damage to the third parties at a rate of the cost of the ready project at the time of construction, thus construction risks are covered of 100%
Construction object is also insured minimum for the investment amount.
In Helsinki short terms of property sale. For more detail in the section the market overview.
Developer buys property built in the absence of sales of finished real estate by himself.
Profitability of the investor at repayment of real estate remains of 20%.
The Investor specifies the summ, which it is ready to invest in the project on real estate building.
OLSE Invest OU (further the builder) does project calculation where all necessary data of the project, including investment term is specified.
After the coordination of the design documentation, the investor makes the decision on arrival to Helsinki for the actual beginning of work and signing of necessary documents.
Opening of the Finnish company. The company of the investor is bought ready, founded in advance, in the company the Finnish board that removes powers at the moment of transfer of shares to the investor. In case the investor does not have citizenship of EU the chief executive is entered into board - the citizen or the resident of EU (the requirement under the legislation on the joint-stock companies of Finland) from outside the builder, the investor also can appoint the chief executive of the representative. Necessary time 1 hour.
Visiting of the Finnish bank and renewal of the bank account of firm on the data. All necessary documents for renewal will be received at purchase of the Finnish company at the lawyer. Necessary time 2-3 hours.
Contract signings between the builder and the investor in whom all data of the project, взаиморасчеты and share relations in the project, and a swagger major conditions and the fact of their coming into force is specified. Necessary time 1 hour.
The Investor, in the name of the company, further the Company of the investor, begins activity under the project. The builder gives all necessary documents on project work, insurance policies and other documents.
The Company of the investor carries out the first transfer of funds under the project where the special-purpose designation of funds is a payment of a site, architectural decisions and the beginning of civil work. The builder reports on the spent funds and their special-purpose designation monthly.
The Company of the investor carries out the second transfer of funds under the project, where a special-purpose designation of funds - civil work. Besides the documentary reporting on object online, the web camera is established. At the given stage marketing of the under construction real estate also begins.
Carries out the third transfer of funds under the project for payment of civil work. The beginning of sales of the real estate. Means received from real estate sale accumulate on closed bank to the account, according to the contract, between the builder and the investor.
Arrival of the investor to Helsinki. The builder and the investor hold final meeting on acceptance of all documentation, the budget and the reporting under the project. Certificate signing about distribution of profit and разблокировании the closed bank account. Necessary time of 1-2 hour.
Visiting of bank for an unblocking of the closed account on which all funds from real estate sale are accumulated. The investor and the builder give the certificate about distribution have arrived to workers of bank on which basis the closed account is closed, and funds from the account are distributed between the investor and the builder according to the contract. Necessary time 2-3 hours.
Decision-making on the following investment project or freezing of the Finnish company of the investor. The Finnish company can be frozen without day (the activity termination)