1
Undergo a pre-contract review
2
Sign a basic money trust agreement
3
Deposit trust funds in a trust account
4
Instruct us to purchase real estate
5
Pay taxes and public dues
6
Receive and transfer profits
7
Reinvest or exit the SBIST scheme
3
Deposit trust funds in a trust account
Estimated time required: 3 to 6 months
After signing the contracts, CastGlobal Trust will open a trust account with our partner bank, which can then accept the investor’s trust funds.
This phase, which includes a review of all documentation by the bank, is the most time-consuming part of the SBIST scheme and depends significantly on the attributes of each investor, potentially taking between three and six months.
Please note that if the bank refuses to open the account for any reason, the investor will not be able to use the SBIST scheme.
Once the trust fund account has successfully been opened, we can accept trust funds from investors. Investors are asked to deposit the agreed-upon amount into the newly opened account.
However, as mentioned in Phase 1, in principle, we cannot accept trust funds in cash. The funds must be transferred via bank transfer.
Now we can begin investing in real estate.
