Astute finance s.r.o. offers a comprehensive advice and arrangement service with regard to property acquisition in the Czech Republic.
Together with trusted legal partners we can advise on how to best purchase property depending on your particular needs and circumstances. This includes legal work and mortgages, opening a bank account and provision of property acquisition tools such as Single Purpose Vehicles (Companies) known in Czech Republic as S.R.O.’s  or the obtaining  of a Czech Residency Permits ("EU Card").

Prior to the Czech Republic joining the European Union on 1 May 2004, the only way foreigners (non-Czech citizens) could own property in the Czech Republic was by obtaining ownership through an "s.r.o. company" - a limited liability company ("společnost s ručením omezením").

However, since the Czech Republic's accession to the European Union, EU citizens are now able to buy real estate without the need to do set up an s.r.o. 
An EU citizen is entitled to purchase property in the Czech Republic under his or her own name once they gain Czech Residency through an EU Card which needs to be arranged. Non EU citizens however are still required to purchase property through an s.r.o. company.
Through our partners we can offer both off-the-shelf s.r.o. companies and Czech Residency Permits ("EU Cards") to facilitate property acquisition to both EU and non-EU citizens. 
The all inclusive price for a ready-made "shelf" s.r.o for the purpose of purchasing real estate is around CZK 45,000 (plus VAT), and these companies can begin transacting business on the day of purchase.

The all inclusive price for a Czech Residency Permit for EU Citizens ("EU Card") is from CZK 8,000 (plus VAT) to CZK 20,000 (plus VAT) depending upon the individual circumstances of the applicant.

Before deciding which method is appropriate for you, please consider the pros and cons of SPVs and “EU” cards.

SPV Companies (s.r.o.) Advantages - Can start using the company immediately, for example - for property purchase. Disadvantages - A more costly option than an EU Card, especially with the additional costs associated with annual accounting and tax reporting required by law.

Czech Residency Permit (EU Card) Advantages - Offers the ability to buy property in your own name and is less expensive than an s.r.o with no annual maintenance costs, such as accounting fees. Disadvantages - The application process can take up to 8 weeks (although 4 week turnaround is the norm), and is only available to EU citizens.