Hi, It's interesting to note this article linked with the analysis showing increased strength in the Prague market. I've personally been keen on buying in Czech (as our CEO, Neil Lewis has done), but I've been holding out for more certainty on the purchase process. Now seems to be a pretty good time. Peter

Is anyone out there who's applied for a residency card willing to post on this forum with their experiences? P

Peter, Hi. You know my email address so feel free to reply to me directly or post on this forum. I don't have experience of going the EU card route but I do have a number of questions about the article: It mentions that "Property In Prague have source an agency to provide [the EU card] service". Should we approach "Property In Prague" directly for this (or go via PS)? What are their contact details? The article claims that company accounting should only cost between 8,000 and 11,000 CZK ex VAT but my cheapest quote is 15,000 CZK. Can someone point me at a cheaper provider? The article keeps talking about taking tax advice. Can you please recommend somewhere to get tax advise from that can cover both CZ and UK tax (how can I plan a strategy with a tax advisor if they only understand one or the other?)... Thanks.

Interesting article. I have a couple of questions: - is it possible to have residency cards for multiple EU nations simultaneously? - is it possible to buy more that 1 property in the Czech Republic using your residency card?

Hi Minsk I believe the following is the case: If you are an EU resident, you generally have the right to live and work anywhere in the EU (subject to certain restrictions applied by some states to new member states). Once you attain permission to remain (live and work), it lasts, in the first instance, for five years and then is renewed for ten, in most countries. It’s called different things in different countries – in Italy, for example, it’s called 'una carta di soggiorno.' Once you are granted this, that's it - you have the right to live and work in that country. There is no reason why you cannot divide your time between two countries, even more; so, yes, you can otbain permits for more than one country. Residency status is perhaps a misleading term because being actually resident is, of course, quite different from being granted the right to be resident. And being tax resident is different again. Once you have permission to stay, under EU rules, you have the same basic rights as a citizen of that country, so again, yes, you can buy multiple properties.

I am about to purchase on Kosik and have just had no time to sort out migrating to the EU Cards. I have also had no time to sort out the Jednatel issue and still have Eva doing the work for me, at some expense. I want to migrate to the EU card when I can finally get over there to sort (in April probably). What will be the cost to fold my company and transfer to EU Card?? Is it something that's easy to do??

John I can't answer the questions you ask but I can make a comment on the question of acting as your own Jednatal. It is now much, much easier to make the change. No need for UK Police Check etc anymore which cuts down the time and effort. Ask Eva and she'll send you the forms. She sorted mine out for me quite quickly a few months ago. You'll need some forms notarising but if you use a local notary (yellow pages will have one) you dont have to go to the Consulate. It costs a bit more (perhaps £150 v £30-£40) but saves time again. Nick

In a recent trawl of the forums (Oh my goodness why is a forum 'Search' so bad - it never gives me a useful result) I discovered that my question regarding tax advice had been answered by Oliver the day before this posting! You can find it here: http: / /www .propertysecrets .net /topic /8651 .html and here: http: / /www .propertysecrets .net /topic /2 /8631 .html I've also found a company in Prague to do my tax/accounting returns for 10,000 CZK ex vat so I'm happy.

John, Check out the discussion here: http: / /www .propertysecrets .net /topic /8651 .html Mike is recommending John. I've also seen some notes on the forums from PS claiming there is an article soon to be released to explain this stuff. I gather that if you buy through an SRO and then want to transfer to ownership in your own name then you may be in for a hefty tax bill. See comments from Alan Gross here: http: / /www .propertysecrets .net /topic /2 /8631 .html

Hi John My advice is to get this sorted out quickly before the Kosik completion if possible (this might be a struggle now). Better mortgage rates, less fees for SRO etc, easier selling later.... Star Capital Finance (SCF) can sort all of these issues out for you, I highly recommend them. You can find them on the web, Contact Paul Wild. For details on costs etc etc search the forums this has all been discussed before. Hope this helps.

PS - Any update on when the article regarding folding an SRO is going to be available? Thanks