Land Department

It is gratifying that for processing the transaction does not need to register a company, such as the Czech Republic. The first step – signing the preliminary contract sale. The object is sold with the signing of this document and make a deposit of 10% of the cost. The preliminary contract is registered at the Land Department, so that the object can not be sold to anyone except the buyer who made the deposit. Then, you must obtain permission from local authorities. It's more of a formality for obtaining such a permit is only necessary to provide proof of legal exchange currencies in an amount not less than specified in the contract of sale.

City Hall can provide rejection only if the selected object is a landmark building. Tishman Speyer is likely to agree. This process usually takes 6-8 weeks. After resolution received, the buyer must pay the remaining 90% of the cost. If this is the final sales contract signed by the seller and the buyer and shall be signed and sealed by registered Hungarian lawyer. The buyer becomes the owner and an opportunity to use their new property. Then there is the final registration of real estate to the buyer at the Land Office. Foreign nationals without restriction may open accounts in almost any Hungarian and foreign banks in Hungary. If you make less than $ 10,000 in cash certificates of origin of the currency is not required. The first time transfer funds to your overseas account in an authorized bank must provide notice of the tax authority to open an account with a mark of acceptance.