Ownership of Czech Property by Foreigners

Q: Can a foreigner buy real property in Prague?

A: Directly No, but….

... a foreigner can set up a Czech limited liability company called an S.R.O and be the 100% shareholder, and that S.R.O can buy the property. It’s safe and simple with the assistance of a lawyer.

We have specialists who can help you decide what vehicle is best for you and can even manage the entire process for you. Contact info@propertyinprague.com for further information.

The cost ranges between GBP 1,200 up to GBP 3,000 depending on your own resources available when you first incorporate (i.e. ability to provide "official address" at the time of incorporation, etc.). We suggest shopping around, but be wary of lawyers and service providers that quote the basic cost of setting up a company but fail to mention other costs such as visa, address changes, etc.)

Further recent legislation has developed a vehicle for a foreign company to purchase property in the Czech Republic. The foreign company must merely first establish a branch office in the Czech Republic.