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Kuwaitis cannot directly acquire real-estate in Bosnia -- Amb.

Kuwait's Ambassador to Bosnia Nasser Al-Mutairi
Kuwait's Ambassador to Bosnia Nasser Al-Mutairi
KUWAIT, Aug 28 (KUNA) -- According to Bosnian law, Kuwaitis cannot acquire real-estate in Bosnia and Herzegovina directly from sellers unless through registered companies operating in the country, said Kuwait's Ambassador to Bosnia Nasser Al-Mutairi here Friday.
In a press release obtained by KUNA, Al-Mutairi said that registered Kuwaiti companies do seek to document acquired properties through the embassy; however, this procedure does not equate the ownership of any real-estate within Bosnian law.
He indicated that the Bosnian government is looking into measures to attract Kuwaiti and GCC states investors to the country, affirming that there will be meetings between Kuwaiti and Bosnian officials to look into the matter. (end) mm.gta