Purchase of real estate by foreigners in PolandTags: real estate Categories: Glossary of tax related terms, RSS
Purchasing property by foreigners is regulated by the provisions of the Act of 24 March 1920 on Purchase of Real Estate by Foreigners with further amendments.
Within the meaning of the Act a ‘Foreigner’ is:
- An individual who is not a Polish national,
- A corporate entity having a registered place of business abroad,
- A partnership of persons referred to above, which does not have a legal personality, has a registered place of business abroad and is incorporated under laws of foreign countries,
- A corporate entity which has a registered place of business in the Republic of Poland and is controlled directly or indirectly by persons or partnerships referred to above.
There is a general rule that foreigners require a permit from the Minister of Internal Affairs and Administration to buy real estate.