The Agency for Strategic Initiatives has prepared a “Cheat Sheet for Investors” to simplify business operations involving cultural heritage sites. This step-by-step guide consists of seven consecutive steps corresponding to the investment cycle:
- analysis of the property: status, restrictions, condition, and risks;
- methods of acquiring rights to the property;
- design and selection of a contractor;
- approval of project documentation;
- organization of work to preserve the property;
- commissioning of the property;
- working with the public, branding, and marketing.
This document will help investors understand:
- what is permitted and prohibited at a specific property,
- how to assess the condition of the property before buying or renting it,
- when scientific and design documentation is required, as well as who has the right to develop it,
- what approvals and expert reviews are required and in what order,
- where mistakes and additional costs most often arise,
- how to move from restoration to sustainable operation of the property.