How to buy properties in Slovakia
July 27th, 2007 by Ines
Investing in Slovak real estate has become increasingly popular as EU accession nears and interest rates and returns on other forms of investment decline or opportunities shrink.
Currently, non-Slovaks, both individual and corporate entities, are prohibited from directly acquiring real estate in Slovakia by antiquated foreign exchange regulations. Upon EU accession in early 2004, this restriction will be lifted. In the interim, the only simple option for foreigners is to incorporate a Slovak vehicle, which gets around the regulatory restriction.
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- Posted in Europe Law & Taxes, Europe real estate, Slovakia