Czech Real Estate Purchasing
Czech Real Estate Purchasing
A foreign resident may purchase real estate in the Czech Republic after obtaining a business license and setting up a company with the Companies Registrar.The incorporation may be in one of the following forms:
A public company, partnership, limited company, cooperative or stock company. It may be a new company or stock may be purchased in an existing company.An individual who is a foreign resident may own real estate in the Czech Republic in any of the following instances:
- By inheritance.
- On purchasing real estate for a diplomatic representation.
- Division of real estate on divorce, when one of the partners is a foreign resident.
- Exchanging foreign-owned real estate in the Czech Republic with other real estate in the Republic.
- Construction of a building when the land is already owned by a foreign resident.