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The most common (and easiest) way for a foreigner to legally purchase property is by establishing an SRO in their name. An SRO is a limited liability corporation registered with the Companies Registrar in the Czech Republic. An SRO can also be a useful tool for dealing with taxes and local compliance issues. An SRO designed specifically for purchasing real estate does not require a separate business license.
Documents needed for setting up an SRO:
- Bound copy of all registration documents
- Certificate of incorporation
- Change of registered address
- Change of company name
- Notary fees
- Stamp duties
- Legal representation to Commercial Court
- Memorandum of Association (translated)
- Minutes of General Meeting (translated)
- Any standard translator fees
EU citizens without an SRO may purchase land (excluding agricultural or forest land) after obtaining a residence permit. However, EU (and non-EU) citizens who have set up an SRO are allowed to purchase land regardless of residency.
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DISCLAIMER: Nothing on this web site should be interpreted as legal advice or as a buy, sell, hold or other investment recommendation. Visitors are strongly urged to consult with a qualified legal or financial advisor before making any decisions. Neither Expat Focus nor any person involved with the running of this website can be held responsible for any decisions made by our visitors.
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