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 Do you know? |
With EU accesion soon approaching, many international retail brands have shown increasing interest in expanding in the Polish market. Naturally Warsaw is their first choice.
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Purchasing cost Summary
- Stamp duty: 2% of the real estate transaction price or 1% in the case of shares (since January 2001)
- Court registration fees: vary according to transaction proce but subject to a maximum of PLN21,320 (approximately USD5,000)
- Notarial fees: vary according to transaction proce but are subject to a maximum of PLN5,800 plus 0.25% of the amount that exceeds PLN1 million
- Agent`s fees at 2%-3% of the purchasing proce plus VAT (VAT is usually zero rated for agency services and 22% for consultacy e.g. legal fees)
- VAT: 22% on buildings; 0% on land
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