Tag: real estate
A permit is required in each case of real estate purchase by a foreginer in Poland, i.e. acquisition of ownership title or perpetual usufruct right to real estate on the basis of a legal transaction.
The following require a permit:
• Purchase of real estate,
• Purchase or taking up of shares in a commercial company which has a registered place of business in the Republic of Poland and is the legal owner or perpetual usufructuary of the real estate.
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: