Basic Prague & Czech Republic Information
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There has been an enormous investor interest in Prague real estate in the last few years. People from all over the world are investing in the city that many consider a jewel in the heart of Europe. Compared to the prices of real estate in Western Europe, the prices are still relatively low with great upside potential. Here are some basic data about Prague and Czech Republic. |
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Can a foreigner buy real estate property in Prague?
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The answer is yes. But there are several legal vehicles that can inexpensively and quickly accomplish this. One of the most popular one is that foreigner first sets up a Czech limited liability company called S.R.O and be the 100% shareholder, and that S.R.O can buy the property. It's safe and very simple with the assistance of a lawyer. Other legal vehicle is that the foreign company can establish a branch office in the Czech Republic. We have experience in these matters and can refer you to a specialist in this field. |
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buy real property in Prague
Can a foreigner buy real property in Prague? There are two categories of foreigners – EU citizens and non–EU citizens. EU citizens may purchase and own property in the Czech Republic as individuals if they obtain EU citizen residence permits valid for 5 years. Obtaining the permit is easy. One merely files an application with the Czech foreign police. Recently, this policy was extended to include citizens of the United States of America. |
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Talking about Prague of nowadays, we have to mention first of all the changes, our capital has experienced since the dramatic events of Velvet revolution in 1989. We'll try to describe the most significant differences one can find in Prague since the previous visit to the city. Having experienced the previous visit to Prague, you might remember Prague's restaurants. In good and bad. Prices are slightly higher, but you also find the english menus and english speaking stuff nearly everywhere. And it's not just the heavy food they used to serve, but Prague of today offer a wide variety of dishes of all international cuisines. Culture of dinning is really trumendous change since the post-revolutionary years. |
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Buying Property In Prague
If you are thinking of buying property in Prague, now is the perfect time to go about it. Property in Prague is more in demand than ever. Just about anyone that is looking to invest in beauty and innovation will want to make buying property in Prague their top priority. These newly renovated pieces of real estate offer you a beauty and design that is unsurpassed in any other part of the world. European property has always been a big investment, and the property that you will find in Prague is unsurpassed. You will never find a better slice of property than what you will get in this great European city.
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