Real Estates

How can real estate be purchased for me, a foreigner in the Czech Republic?

First of all, you choose your flat, with our personal help or on your own (in the Internet, classified ads in newspapers, etc.). Later, you sign a contract with us which establishes the method and conditions of our assistance, essentially consisting of our purchasing the flat you have chosen, on the name of our Czech company Vens s.r.o., on basis of a loan which you will transfer to a notary public bank account opened exclusively to pay for your flat and our fees. The Notary will make the payment to the vendor only after the transaction was duly recorded in the Cadaster, as well as separately our 5% fees. At the same time, the price for the flat is recorded in the Real Estate Cadaster as a loan from you to our company, assured by a mortgage guarantee in your favor.

In addition, if you wish to reinforce your rights even more, a notarial document will equally determine in the Real Estate Cadaster a reserved easement for lifetime exclusive use of the flat in your favor. And an additional contract concluded by and between you and us specifies our support services so that you, in your country, have no need to worry about it.

When and how can I register the flat in my name?

In our contract, an obligation is stipulated for us to transfer your flat to your name as soon as Czech law enables it. This will be performed by means of a Sales Contract in which your payment will consist of the cancellation of the mortgage loan provided to our company to purchase your flat or house. The only amounts you will have to pay is the notary public fee, the Czech VAT, which shall be determined by the Czech fiscal authority and the real estate transmission tax, at the present of 3%.

Can I buy many flats or an entire building, as an investment?

Yes; in this case, however, it would be logical that we establish for you a special Czech company, which we would then administer on your behalf according to a special agreement. With this solution, you, as the owners of the company, would have already the definitive legal implementation of your real estate investment, being able to sell it again without the intervention of Vens s.r.o.

Can I sell my flat at any time?

Yes, by way of instructions legalized by a notary with an apostille, or only by a notary in the Czech Republic.