Board of directors and staff wages. Other expenses

The board and the staff wages will be paid by the management fee that cannot exceed 5% per year of the total raised capital. The allocation from the fund is to cover a number of running expenses to include costs relating to staff salaries, office expenses, general disbursements and other associated expenditure.
Architects, notary and legal fees as well as stamp duty and government taxes are all part of the acquisition and planning obtaining process. - an estimation survey for these expenses showed that they are in the region of 9% to 12% of the acquisition price of the land.

 

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