Can foreigners buy property in Poland? - Sim Property (2024)

FAQs

Are foreigners allowed to buy property in Poland? ›

Foreigners based in EU countries have no limitations in buying property in Poland. They have exactly the same opportunities as Polish citizens.

Purchase of real estate in Poland requires the conclusion of a contract in the form of a notarial deed before a Polish notary public. Upon conclusion of the sales contract, the buyer acquires ownership of the property. The transfer of ownership of real estate cannot be made on condition or with a reservation of time.

Buying real estate does not give additional rights or special privileges in legalization in Poland (in obtaining a residence permit, permanent residence permit or citizenship). If you buy a property in Warsaw or another city, you can live only for the duration of your visa.

THE LEGAL SIDE OF BUYING IN POLAND

EU citizens can purchase properties without a permit, but buyers from outside of the European Economic Area or Switzerland need a permit from the Minister of the Interior and Administration to purchase a house.

Deposit amount – You usually need to have a deposit of between 20% and 40%. You could find a lender willing to accept less, but that will depend on other factors in your application such as income amount or source. A broker who specialises in Polish mortgages would be able to help you identify these providers.

Traveling to Poland

Poland is a member of the Schengen Borders Agreement. If you are a qualified visitor for tourism or business with a valid U.S. passport, you can apply to enter the Schengen area without a visa for a period of 90 days within each 180 day period.

Poland Property taxes ongoing for the property investor

The tax rate for an individual is between 18% - 32%. Individuals have the choice of paying a progressive taxation, which is applied to income minus expenses or a lump sum method, which is levied at a lower tax rate, but applied to the income.

Poland. To receive a visa to Poland for stays not exceeding 3 days, you need to submit a minimum amount of PLN 300 (equivalent to NGN 33,346.81)* for the overall stay. If your stay exceeds three days, you must submit proof of at least PLN 75 (equivalent to NGN 8,336.70)* for each day of the planned stay.

If you have lived in Poland for at least five continuous years, you are entitled to apply for permanent residency. So, initially, you must have held a Polish temporary residence permit issued either for work, studies, or marriage to a Polish citizen.

Yes, it is possible for a non-permanent resident to buy a house in the United States. Mortgage approval odds generally depend on the lender, type of mortgage, income status and whether the non-permanent resident can prove their intent for long-term residency.

How long do you have to live in Poland to become a citizen? ›

You can obtain Polish citizenship by naturalization if you fulfill any of the following criteria: You have lived in Poland continuously for at least three years with a permanent residence permit. You have a stable income in Poland. You have been married to your Polish spouse for at least three years.

How Can I Become a Permanent Resident of Poland? Foreigners who want to become permanent residents of Poland must have lived in the country for at least 5 years under a long-stay visa (work, study, or family reunification visa), or they must have been married to a Polish citizen for at least three years.

An application for a temporary residence permit should be submitted to the voivodeship office competent for the foreigner's place of stay, e.g., if the foreigner stays in Warsaw, the application should be submitted to the Mazowieckie Voivodship Office.

Dabrowska estimated that new apartments in the city start at about 9,000 zlotys a square meter ($225 a square foot). Single-family houses up to about 12 miles from the city center can range from 800,000 to 950,000 zlotys ($215,000 to $255,000), and luxury villas start at around 1.5 million zlotys ($405,000).

As of February 2021, the average price tag for real estate rent in Poland is as follows: Warsaw - an apartment up to 35 square meters will cost you 1900 zlotys per month, 35-50 square meters - 2400 zlotys, 50-70 square meters - 3300 zlotys, above 70 square meters - about 4100 zlotys.

Yes! People speak English in Poland! While traveling on a private tour to Poland with Key To Poland, you don't need to worry about communication issues. There may be occasional instances you may wish to speak with someone who doesn't understand English and we are happy to assist!

Polish citizenship can be granted by the President of the Republic of Poland. Polish citizenship can be restored by the Minister of Interior. A foreigner living in Poland can receive Polish citizenship by naturalization. The decision is issued by a proper Provincial Governor (wojewoda).

Retire in Poland: Visas and Residence Permit

U.S. citizens are allowed visa-free entry into Poland for up to 90 days. But to become a legal resident in the Eastern European country, you will have to contact a Polish consulate in the U.S. to apply for a temporary or flat residence permit.

How much is Polish tax for foreigners? ›

Special rules for non-residents

Namely, they are taxed at a flat rate of 20% calculated on revenue (cost deductions are not allowed) unless a double tax treaty (DTT) between Poland and the individual's country of residence provides otherwise.

Poland is a leader in the Central and Eastern European region for greenfield investments, ranking third in Europe. The fact that 94% of investors are willing to re-invest in Poland is a significant proof of their trust in Polish economy.

Statutory and common employee benefits

Common examples include benefits like paid annual leave, parental leave, worker's compensation insurance, and paid sick leave. Family benefits, social assistance payments, and unemployment compensation are all part of Poland's social assistance system.

Yes, foreigners are allowed to buy properties in Poland. EU companies and citizens are unrestricted. While other nationals and corporations may be required to obtain permit from Ministry of Internal Affairs. Purchase of apartment predominantly does not require a permit.

Countries With No Property Tax: Liechtenstein

There are no property taxes in Liechtenstein, but a capital gains tax of up to 24% can be imposed on the sale of real estate properties for both individuals as well as companies.

An official bank statement, either printed at a branch or as an online statement. The balance of total funds in your accounts. The balance of funds in your checking or savings account. The signature of an authorized bank employee or notary.

Proof of Funds

You should prove that you have at least 300 PLN (€67.76) in total for a three-day trip, then an additional 100 PLN (€22.59) for each day after that.

Buying currency in the US

There's no limit to the amount of foreign cash you can bring with you to Poland, but if you're carrying more than the foreign currency equivalent of 10,000 and you're entering Poland from a non-EU member state, you must declare your cash.

Cost of public health insurance

If you'd like to get public healthcare on your own, you can do this. The minimum amount depends on the average salary in Poland, currently (for March 2022) it's about 560 PLN per month. University students and doctoral students pay much less – about 55 PLN a month.

Does a child born in Poland get citizenship? ›

Polish nationality is awarded in accordance with the ius sanguinis principle, i.a. the fact that the child was born in Poland does not automatically entitle him or her to Polish nationality. The decisive factor is the residence status and the nationality of the parents.

Is it hard to get Polish citizenship? Poland views those who are of Polish descent to be its citizens, so long as they can prove the required connections. Like any citizenship by descent, you will need to have patience as the process can easily take 1 year or more.

Does buying a property in the USA give you residency? Purchasing American homes doesn't automatically put you on your path to citizenship. But there are other ways to earn permanent residency in the United States if you are a foreign national or an immigrant.

Foreigners can own property in Mexico. It's perfectly legal. Outside the restricted zones—50 kilometers (about 31 miles) from shorelines and 100 kilometers (about 62 miles) from international borders—foreigners can hold direct deed to property with the same rights and responsibilities as Mexican nationals.

key takeaways. Legally, a home is a person's permanent primary residence—even if they aren't currently living there. A physical location is still legally considered a home if there is an intention to return and the resident has not claimed someplace else as their legal place of permanent or principal residence.

The cost of the procedure is 1300 USD. For other currencies and family discounts please consult with our specialists. If you do not have any documents proving Polish citizenship, the search process costs about 600 USD (we offer preliminary searches that are cheaper and expedited searches that are more expensive).

Polish citizens who became naturalized American citizens after January 8, 1951 do not lose their Polish citizenship under Polish law, unless they formally renounce Polish citizenship with the consent of the Polish government.

Language requirements for foreigners working in Poland

Securing a job in Poland without speaking Polish can be fairly easy, unless you aspire to work in a customer-facing role. There are various large organisations, including international corporations, that are looking for candidates to fill English-speaking roles.

You can freely change jobs if you have full access to the labour market. Full access to Poland labour market applies to the situation and when you can perform work without having an additional document entitling you to work, such as a work permit or a declaration of employment of a foreign national.

Can I get residency in Poland if I buy a house? ›

Buying real estate does not give additional rights or special privileges in legalization in Poland (in obtaining a residence permit, permanent residence permit or citizenship). If you buy a property in Warsaw or another city, you can live only for the duration of your visa.

After 185 days, foreigners residing in Poland need to exchange their driving documents or apply for a Polish driving licence. You can apply for an international driving licence (IDL) before arrival while still in your home country.

A D-type national visa permits to enter the territory of the Republic of Poland and to stay continuously or for several successive times in this territory for a total duration of more than 90 days during the period of validity of the visa, but not longer than one year.

A family of four estimated monthly costs are 2,114.9$ (8,875.8zł) without rent. A single person estimated monthly costs are 644.3$ (2,704.0zł) without rent. Cost of living in Poland is, on average, 43.8% lower than in United States. Rent in Poland is, on average, 64.5% lower than in United States.

Poland is a party to the Schengen Agreement. This means that U.S. citizens who are allowed to enter may enter Poland for up to 90 days for tourist or business purposes without a visa.

How Can I Become a Permanent Resident of Poland? Foreigners who want to become permanent residents of Poland must have lived in the country for at least 5 years under a long-stay visa (work, study, or family reunification visa), or they must have been married to a Polish citizen for at least three years.

The foreigner may enter Poland on the basis of the permit for a seasonal work or in case of the first entry, on the basis of the certificate of entry into the register of applications for a seasonal work.

Poland welcomes foreign investment as a source of capital, growth, and jobs, and as a vehicle for technology transfer, research and development (R&D), and integration into global supply chains.

You can obtain Polish citizenship by naturalization if you fulfill any of the following criteria: You have lived in Poland continuously for at least three years with a permanent residence permit. You have a stable income in Poland. You have been married to your Polish spouse for at least three years.

Is it hard to get Polish citizenship? Poland views those who are of Polish descent to be its citizens, so long as they can prove the required connections. Like any citizenship by descent, you will need to have patience as the process can easily take 1 year or more.

Can you live in Poland only speaking English? ›

Yes! People speak English in Poland! While traveling on a private tour to Poland with Key To Poland, you don't need to worry about communication issues.

According to Salary Explorer, a person working in Poland earns on average around 7,560 PLN per month. In 2021, this is equivalent to just under $2000 or just over £1400. In general salaries range from 1,910 PLN to 33,800 PLN across Poland.

Poland is a party to the Schengen Agreement. This means that U.S. citizens who are allowed to enter may enter Poland for up to 90 days for tourist or business purposes without a visa.

The changes introduced as of 1 January 2023 allow Polish travel documents to be issued to foreigners who have obtained a temporary residence permit in accordance with Article 186(1)(9) of the Act of on foreigners of 12 December 2013 .

Is Poland Good for Expats? Poland has some challenges for both expats and locals, and requires a learning curve. The relatively low cost of living compared to other European countries is attractive. The country is one of the top ones for investors, which isn't surprising as many new companies enter the Polish market.

An application for a temporary residence permit should be submitted to the voivodeship office competent for the foreigner's place of stay, e.g., if the foreigner stays in Warsaw, the application should be submitted to the Mazowieckie Voivodship Office.

Risks of Investing in Poland

Poland's economy is largely dependent on Germany, which accounted for approximately 27% of its exports and 21% of its imports in 2019. 3 Any downturn in Germany's economy could have a negative impact on Poland's economy.

The easiest way to invest in the Polish stock market is to invest in a broad market index. This can be done at low cost by using ETFs. On the Polish stock market you'll find 2 indices which are tracked by ETFs. Alternatively, you may invest in indices on Eastern Europe.

Sweden. Sweden is among the top European countries that attract the most FDI. In 2021, foreign investment in Sweden comprised 9.2% of its GDP. There are several reasons why the country is so attractive to investors.