JUDr. ZDENĚK HROMÁDKA
Address:
JUDr. Zdenek Hromadka Law Firm
Třída Tomáše Bati 385
763 02 Zlín Louky
The Czech Republic
E-mail: info@iadvokat.eu
Office hours:
Mon - Thu 7am - 4pm
Fri 7am - 3pm
Find us at mapy.cz
Phone: +420 577 212 835
GSM: +420 737 456 586
Fax: +420 577 211 460
Since 1st January 2014, Czech legal system contains the regulation of trusts.
Trust is created by a settlor, who transfers some or all of his or her property with a certain function to a trustee
The creation of a trust leads to a detached and independent ownership of the transferred property.
The settlor has the right to determine when and to whom (to which beneficiary) shall be the transferred property handed over and what conditions shall the beneficiary fulfil in order to acquire the property. Trust is also an instrument which ensures responsible management of the transferred property after the death of the settlor.
The acquisition of the property transferred into a trust on the basis of settlor’s will by the beneficiary is exempt from income tax. Income tax shall not be paid also in connection with the deposit of the property into the trust.
By 1st January 2014, the inheritance tax has been abolished in the Czech Republic, which together with the abovementioned exemptions from income tax means that there is a legal way how to avoid tax obligations in connection with the transfer of assets to an heir.
This possibility applies to Czech citizens, as well as to foreigners, who are, however, subject to certain additional conditions.
Law firm of JUDr. Zdenek Hromadka has an experience in providing legal services to international clients as well as experience in international regulation of trusts and instruments for Asset Management. Of course, knowledge of foreign languages naturally follows.
We are willing and able to prepare a solution to Czech and international clients, which would suit their needs and to manage legal relations so as to ensure a significant tax savings when transferring assets to an heir. We can provide the following:
attorney, law firm, legal counsel, legal services, New Civil Code, NOZ, Civil Law, inheritance law, trust, trustee, beneficiary, asset management, property management, tax optimization, inheritance tax, income tax
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