Frequently Asked Questions

What does a foreigner need to buy property in Poland?

The purchase and registration process is simple enough, so you need only a passport. If the investor is married, the property can be registered as common property, if desired, but only with the partner's presence. If the property is located in a border zone, additional permission is required. Since it takes a long time to obtain a permit, we temporarily exclude investments in border areas.

What tax is paid when purchasing an apartment in Poland?

The purchase tax on an apartment or other real estate in Poland is 2% of the property's value. The notary pays the tax on your behalf and at your expense to the Tax Office of Poland. There is also an annual property tax, which varies from $20 to $100 a year, depending on the city size and address where the property is located.

What taxes are imposed on my rental income?

The income tax on rental property in Poland is 8.5% (of profit) and is payable by the 20th day of the month following the accounting month. This tax should be paid in Poland. You have to submit an annual income tax declaration for the previous year at the beginning of the year. As a married couple, you can submit a single declaration if both spouses have Polish tax residency and receive their income in Poland.

In legal terms, do I become the sole owner of the apartment?

Yes, in case of cooperation with our company, all the property is registered in your name according to the purchase and sale agreement.

Can I get a residence permit in Poland by purchasing real estate?

No, a non-resident who buys an apartment is not entitled to apply for a residence permit in Poland. You can get a residence permit if you reside in Poland, are employed in Poland, run a business here, and in the case of repatriation.

How do you provide support for investments in Poland?

Our company is engaged in selecting properties, finding a notary to support the transaction, assisting with the conclusion of the purchase and sale agreement, and registering the new owner in the house-register. In addition, we provide assistance in signing contracts for electricity, gas, water, assist in signing a contract with an Internet service provider, and solve other related issues.

How do you manage a pre-purchase property viewing?

You can choose a property from our investment portfolio or consult us on finding a property according to your individual request. In the first case, we will send you information about the property, such as photos and videos, its value, and the planned rate of return. In case of an individual request, we select an apartment according to the criteria previously agreed with you and show you the selected options in person or via video call.

Is it possible to invest in real estate remotely?

At least one face-to-face meeting is mandatory. Thereafter, the investor can issue a power of attorney to us so that we can sign on his or her behalf purchase and sale agreements and other documents related to the investment process.

Can you guarantee a high occupancy rate within a year?

Yes, we give a 6- or 12-month guarantee for a certain occupancy level for the apartments in our investment portfolio. We will discuss further details during a meeting or an audio or video call.

Can I stay in the apartment from time to time?

Once tenants have moved into the apartment, this option is not allowed.

Can I move into the apartment or resell it someday?

Yes, the property is in your possession, and you can decide to either continue to rent the apartment, settle in, or resell it. In the latter case, we can help you resell the property on beneficial terms.

Can I be sure that the property's purchase price is not inflated?

You can check out the percentage of investment return and compare it to a market you are familiar with.

How to transfer rent payments to Ukraine?

Once you come to Poland, you can open an account in a Polish bank to receive your rent payments. The only thing you need for this is your passport, but in some cases, you may also be asked to show a visa, depending on whether you have a residence permit or not. Account maintenance costs range from $0 to $5 per month. You can transfer money from your Polish bank account to a bank account in your home country or use a Polish bank card worldwide.

Within what time period should I notify the company about the termination of our cooperation?

You must give us at least 3 months' notice of termination. Particular cases are discussed on an individual basis.

Are there any penalties if I decide to terminate our partnership?

No, the investor is entitled to dispose of his property. If the contract is terminated under its terms, no penalties are imposed.