| Foreign
companies have the right to acquire real estate and property in
the Czech Republic
Foreign companies may buy Czech real estate
in mainly two ways.
1.
Set up a new company (S.R.O) within the Czech Republic.
2.
Set up a branch of their already existing company (existing in
their own country) ... in the Czech Republic.
For a foreign entity (company) to acquire
property in the Czech Republic, it must first set up a new company
or register a branch in the Czech Republic
From a legal and practical point of view,
the process of setting up a company branch of an already existing
company is not very different from the formation of a new Czech
company, with the main difference being: a branch does not require
any registration capital, whereas opening a new company requires
at least CZK 200,000 (about Euro 6.400) and can go up to 2 million
CZK (about Euro 64.000)
Same as with Czech companies, non-residential
investors will also have to obtain a specific trade license (or
licenses) for their intended business activity.
What
is an S.R.O company ?
Becoming informed costs next
to nothing
Being missinformed can be expensive |
