Real estate prices continue to rise, and the dream of owning a home—especially in Prague—is becoming increasingly out of reach for more and more people. Prospective buyers often face a key question: is it better to invest in a more expensive new build, or buy a cheaper apartment in an older building and plan for …
As of 2003, Israel’s territorial tax system was replaced by a personal tax system. WHAT IS THE SIGNIFICANCE OF THE TRANSITION TO THE PERSONAL TAX SYSTEM? As of 2003, Israeli citizens are required to pay taxes in Israel on all their income, wherever generated. In order to avoid levying double taxes on Israeli citizens who …
TAXATION FOR ISRAELI INVESTORS IN THE CZECH REPUBLIC Read More…
The Czech Republic is still renowned for its well-developed industry and there is a much knowledge there related to heavy machinery production, metal working and a high level of professional mechanical abilities. The level of Czech products is no lower than that of German ones. Nevertheless, prices in the Czech Republic are more attractive because of …
ŠKODA – THE CZECH BICYCLE THAT REACHED THIRD PLACE IN THE WORLD CAR INDUSTRY Read More…
In our global world, businessmen active in a large number of countries must be aware of historical as well as contemporary processes occurring in these countries. The reasons are many, and they include the recognition that history, culture, and regional events have a great deal of significance in many countries and affect the thoughts and …
The Economist claims that the Czech Republic is the most liberal country in Europe in regards to drug use in general and Cannabis (used to produce the recreational drugs marijuana and Hashish) in particular, particularly in the Capital Prague. But the truth is somewhat more nuanced. On the one hand the state is tolerant towards drug …
THE POLICY OF THE CZECH REPUBLIC IN REGARDS TO CANNABIS Read More…
BEFORE WORLD WAR II, THERE WERE 325,000 JEWS IN WHAT WAS THEN CZECHOSLOVAKIA. 270,000 OF THEM PERISHED IN THE HOLOCAUST. MANY OF THE HOLOCAUST SURVIVORS. LEFT THE COUNTRY DURING AND AFTER THE WAR. MANY OF THOSE WHO REMAINED DEPARTED IN 1968. The number of Jews living today in the Czech Republic is estimated at no …
The measure that determines the ranking of a certain passport takes into account the number of countries the passport holder can visit without requesting a visa in advance or that will grant a visa immediately upon reaching the destination. Countries that have an agreement between them on this issue usually allow each other’s citizens unrestricted …
CZECH PASSPORTS – AMONG THE WORLD’S TOP TEN MOST POWERFUL Read More…
The unemployment levels in the Czech Republic have reached an all-time low and are no more than 2.9%. What this means for those seeking employment in the state is that finding work in the Czech Republic was never easier. According to the data of the Czech Ministry of Labor and Social affairs, there are currently 10 available …
UNEMPLOYMENT RATES IN THE CZECH REPUBLIC ARE AT AN ALL-TIME LOW Read More…
The sale of previously owned property in the Czech Republic (excluding the sale of new flats by contractors) is subject to a transfer tax. This tax was formerly known as the Real Estate Acquisition Tax, on in short REAT. The tax totaled 4% of the value of the property. CZECH ACQUISITION TAX – NEW MODEL According to …
THE RECENT CHANGE IN THE CZECH REAL ESTATE ACQUISITION TAX – 2016 Read More…
One of the things which makes Prague into a leading real estate investment site is its architecture. In fact, Prague can also be called “a world architectural treasure” without any exaggeration. Unlike other cities, where one can usually see one or two dominant architectural styles, in Prague one can be wowed by all of the central historical …
ARCHITECTURAL STYLES IN PRAGUE: A GUIDE FOR INVESTORS IN HISTORICAL PROPERTIES IN PRAGUE Read More…
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