And there is a lot to choose from. At the first, above-mentioned region is the city of Prague, which does not need the advertising campaign and attracts its magical atmosphere. The specific, industrial character of Silesia tempts its attractive prices of real estate. The last one is Czech’s wine world of Moravia, which for the first I met while watching the movie “The Grapes”. It is the ideal place to rest far from the urban noise. Unfortunately, the law connected with buying the real estate in Czech is like a Czech film for the foreigners, what means that no one knows what the matter is.



Acquiring the property in the Czech Republic by the foreigners is connected with some limitations
In the full sense of the Czech regulations, the foreigner is a person, who has not got the permanent place of registration in this country. The physical person, who wants to acquire the property at the Czech region, has to be the citizen of this country; or as the citizen of the European Union, has the law to temporary living in the Czech Republic. The second way to deal with the ban of acquiring the property is making the Czech legal person, that has to have the company or the sister company at the Czech region. Unfortunately, the ordinary man sometimes mixes up the meaning of the legal person. It is necessary to remember that the whole system and the establishment of the legal person are determined by the right regulations. The legal person is often confused with a businessman, an employer or a work place. A businessman or even the workplaces are not legal persons. The fact of getting the legal entity comes at the moment of signing it up to the register; the National Court Register is that the most frequently in Poland. The limited companies, the cooperatives, the local government units (districts, second levels of local government, provinces), the foundations, the political parties, the high schools or the church belong to the most important legal persons. Whereas the physical persons, that are often wrongly understood, are among others the partnerships, the private company and the normal association.

Setting-up the company in the Czech Republic
In the Czech Republic every company and the representatives must be recorded in the register of companies, which is running by the specific economic court. It is connected with the receiving of the legal entity. The person, who may showing the letter of authorization of the company, interested in running the business activity at the area of the Czech Republic, submit the application for its registration. Of course, after the previous amassing the capital or the contributions to the private companies, that is required by law. In accordance with the law, the data in the motion must be confirmed by the right documents. Then, the legal person gives so-called statistical number, which is an equivalent to the Polish- REGON, and the taxpayer identification number- NIP. The day of registering the company is the day of its springing up. This principle does not diverge from the Polish regulation in this scope.

Evading the Czech law 
However, there are some situations concerning the acquiring of the properties, in which the foreigner can evade the law and because of it does not obey the above conditions connected with the registration of the company. That exception making the situations in which the property is acquire as a result of:

• inheritance,
• donation – if the foreigner obtains from the spouse, its parents or grandparents that are not the foreigners by the meaning of the Czech foreign exchange law,
• privatization,
• joint property of spouses,
• exchange of the property situated in the Czech Republic that belongs to the foreigner for the other property, in addition to which, it have to be remember that it is the exchange for the property having the same size and worth,
• Acquisition of the property by a diplomatic mission for the need of the embassy.

Look at the forest and agriculture real estate
According to the foreign exchange law the physical persons, that have the place of living or the seat of the company outside the boundaries of the Czech Republic, do not have the permission to acquire the forest or agriculture real estate. If, however the property is acquired by the person who is not a resident but the citizen of the Czech Republic or the other country of European Union; and temporary lives in the area of the Czech Republic, and what is more before the acquisition the land is cultivated by the period of 3 years, that persons do not have to get a permit for purchase.

Checking the legal status of the property
In a situation, where we find a property, for example: a house, a flat we want to buy, it is a good idea to check the legal status of our focus of the attention. The reliable as well as the main source of information is the register of properties, which is a base of information about the properties. The data about the owner and its rights connected with the properties are available for everyone, who is interested in it. Thanks to it we can get to know if for example there is no mortgage on the house, or if there is no establishment of a predial servitude on the land. If we are specifically interested in the mortgage, we should check the data in the Register of Pledges. Unfortunately, the traps are everywhere. Sometimes some properties are subjected to the statutory pre-emption, which belongs to the district, the city or even to the country. In this situation some people withdraw from buying the property, because the existing risk does not allow for a full comfort of having the property. We can gather that information by checking the land development plan.

Annual property tax
If we possess the property in the area of the Czech Republic, we are subjected to the annual, property taxation. However, the interest rate does not only depend on the type of the property but also on its surface area or the purpose. The buildings, also the residential ones are subjected to the tax rate that increases from about 1 to 5 Czech crowns for the 1 m² of the area. It is necessary to remember that, the tax on the apartment in the skyscraper in Prague will cost us much more than the flat outside the city. What is more, each of the property is verified with some norms of the tax law, which applies in the particular place. It is differently with the forest and agriculture real estate. The interest rate is dependent on the price of the land, which is fixed by the country each year. So, the interest rate for the agriculture real estate is about 0, 75%, and forest one about 0, 25% of the price. At present, it is on the level from about 1 to 16, 5 % Czech crown for 1m².