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Below are links to all the information you will need in order to acquire a property in the Czech Republic.

 

 

Benefits of Buying Property in Czech Republic

We shall help you to buy property in the Czech Republic
If you are planning to move to Europe or just have a vocational house, the Czech Republic is the right place for you!flat
Here are some advantages of buying property in this Central European country:

Low real estate prices
A two-bedroom apartment in Prague costs only $110,000. In some small resort towns in the north of the Czech Republic, a two-bedroom apartment costs only $30,000.

Very low real estate taxes
The annual real estate taxes for a two-bedroom apartment in Prague are only $15.00.

High standard of living
Research by the United Nations in 2006 shows that the Czech Republic has a high standard of living, ranking in 27th place among all the countries of the world.

The Czech Republic has low prices for goods and utilities
There are low prices for food, clothing, gas and electricity in the Czech Republic. The market economy is developing strongly, the government is pursuing a clear reform policy and there is a powerful flow of Western investment into the country. The Czech Republic has the lowest unemployment rate in Europe, high quality health services that are almost free of charge for foreign owners of Czech real estate property, high-level free education system, a stable national currency and, in comparison with other European countries, low prices for residential and commercial real estate.

Good climate
The climate of the Czech Republic is very agreeable. The country is located in a transitional zone from a Central European maritime climate to a continental East European climate.  It has the favorable moderate climate of the temperate belt of the Northern hemisphere.

Other benefits:

Low crime rate
Clean and pleasant environment
Great location in the center of Europe
Reliable and open banking system
Simplicity in opening a business
Good opportunities for quality education for children
Friendly attitudes of local people toward foreigners.

In order to buy Czech property you should have virtual Czech company.
A foreigner from United States can buy real estate in the Czech Republic only after having registered a local company in the Czech Republic in his/her name. Such registration is the first step necessary for purchasing real estate here. Such company may stay inactive for many years, but in any case a foreigner must start a company in the Czech Republic in his/her name, and then purchase real estate for this firm. We can help you to establish such a virtual Czech company without any hustle and troubles for you.

Registering a Czech firm is not a burden, but an advantage for a foreigner:

  • It guarantees obtaining a residence permit

    Any founder of a Czech firm can obtain a residence permit. This procedure is very simple and we shall help you to obtain it without any hassle.
     
    It guarantees obtaining inexpensive medical insurance
  • Upon the registration of a firm, its founders can receive medical insurance that is similar to the insurance for citizens of Czech Republic, at the same price – about $850/year. This medical insurance covers all medical services including hospital, except dentistry. The medical insurance does not require a medical examination if it is obtained by the firm for its owner and his/her family and employees. In contrast, a foreigner who does not own a registered firm must pass a medical examination in order to obtain rather expensive and not inclusive medical insurance.
  • It gives owner of the real estate the legal right to rent his/her property.
  • You can legally rent your real estate for any period of time. No additional license is required.
  • It facilitates receiving a mortgage from local banks.
  • Our partners in Czech Republic are credit broker for the largest Czech banks. Together with these banks, we have developed a convenient procedure so that new firms founded by foreigners can receive a mortgage. Mortgages are offered for terms up to 15 years at annual percent rates starting at 3.5 percent.
  • It eliminates mandatory taxes upon the sale of your real estate.
  • Upon the sale of real estate, the seller must pay a tax based on the sales price. But it is not necessary to pay this tax if the transaction is not considered to be the sale of real estate, but rather a change in the ownership of the firm that owns the property, which is legally valid.

 

 

 
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Gary Bond, 4630 Tapestry Drive Fairfax, VA 22032-3618, Tel: (703) 587-4141, Fax: (888) 802-0659 , gary@agent-bond.com

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