HOW TO BUY PROPERTY Can a foreign citizen buy property in the Czech Republic?
A foreign citizen can buy property in the Czech Republic, but the laws vary according to whether or not you are a citizen of the European Union (EU) or not. Non-EU and Non-‘Favored Nation’ Citizens (EU citizens should read this also): To purchase property in the Czech Republic as a non-EU citizen for either business or residential use, you must have a Czech limited liability corporation (called an SRO) setup in your name. ‘Favored Nation’ Citizens (Norway, Switzerland, Lichtenstein, USA): Each of these countries have ‘favored nation’ agreements with the Czech Republic which give them rights regarding property purchase that are similar to those granted to EU citizens. In the agreement between the USA and Czech Republic, any US citizen who acquires a residency permit for longer than 3 months can buy property as an individual. An exception for the US citizen is in the case of agricultural land. To purchase agricultural land they must have a registered agricultural business in the Czech Re
Related Questions
- I am a foreign person who regularly visits family in Australia. Can I buy a second-hand property with a family member who is an Australian citizen/permanent resident?
- An SRO has ongoing costs and I am an EU citizen. Can I simply buy property or conduct business in the Czech Republic as an individual - without establishing an SRO?
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