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Appendix 1

Chapter 4: free movement of capital

CountrySection of Treaty of AccessionTransitional arrangements for the exclusion of the right of EU nationals and EU companies to acquire real estate
BulgariaAnnex VI 2005Five years for acquisition of land for secondary residences, excluding EU citizens residing in the country, who are subject to the same restrictions as Bulgarian citizens.

Seven years for acquisition of agricultural and forestry land, excluding EU citizens who are self-employed farmers and who wish to establish themselves and reside in the country, who are subject to the same restrictions as Bulgarian nationals.
Czech RepublicAnnex V 2003Five years for acquisition of secondary residences, excluding EU citizens residing in the country and EU companies established in the country or with a branch or representative agency, who are subject to same restrictions as Czech persons.

Seven years for acquisition of agricultural and forestry land by EU nationals and companies not established or registered in the Czech Republic, excluding EU citizens who are self-employed farmers and who wish to establish themselves and reside in the country, who are to be subject to the same restrictions as Czech nationals.
EstoniaAnnex VI 2003Seven years for acquisition of agricultural and forestry land by EU nationals and companies not established or registered or having a local branch in Estonia, excluding EU citizens who wish to establish themselves as self-employed farmers and who have been resident in the country for at least three years continuously, who are to be subject to the same restrictions as Estonian nationals.
HungaryAnnex X 2003Five years for acquisition of secondary residences, excluding EU citizens who have resided in the country for at least four years continuously, who shall be subject to the same restrictions as Hungarian nationals.

Seven years for acquisition of agricultural and forestry land by non-nationals and by legal persons, excluding EU citizens who wish to establish themselves as self-employed farmers and who have been resident and active in farming in Hungary for at least three years, who are to be subject to the same restrictions as Hungarian nationals.
LatviaAnnex VIII 2003Seven years for acquisition of agricultural and forestry land by EU nationals and companies not established or registered or having a local branch in Latvia, excluding EU citizens who wish to establish themselves as self-employed farmers and who have been resident in the country for at least three years continuously, who are to be subject to the same restrictions as Latvian nationals.
LithuaniaAnnex IX 2003Seven years for acquisition of agricultural and forestry land by EU nationals and companies not established or registered or having a local branch in Lithuania, excluding EU citizens who wish to establish themselves as self-employed farmers and who have been resident in the country for at least three years continuously, who are to be subject to the same restrictions as Lithuanian nationals.
PolandAnnex XII 2003Five years for acquisition of secondary residences, excluding EU citizens who have resided in the country for four years continuously, who shall be subject to the same restrictions as Polish nationals.

Twelve years for acquisition of agricultural land and forests, excluding EU citizens who wish to establish themselves as self employed farmers, who have been legally resident and leasing land in Poland as a natural or legal person for three or seven years continuously, depending on the region, who are to be subject to the same restrictions as Polish nationals. 
RomaniaAnnex VII 2005Five years for acquisition of secondary residences, excluding EU citizens residing in the country and EU companies established in the country or with a branch or representative agency, who are subject to the same restrictions as Romanian persons.

Seven years for acquisition of agricultural and forestry land by EU nationals and companies not established or registered in the Czech Republic, excluding EU citizens who are self-employed farmers and who wish to establish themselves and reside in the country, who are to be subject to the same restrictions as Romanian nationals.
SlovakiaAnnex XV 2003Seven years for acquisition of agricultural land and forests by non-residents, excluding EU citizens who wish to establish themselves as self-employed farmers and who have been resident and active in farming in the country for at least three years continuously, who are to be subject to the same restrictions as Slovakian nationals.
SloveniaAnnex XIII 2003Right to resort to general safeguard clause (Article 37) for the real estate market for up to seven years.

Sources: Treaty of Accession, Brussels, 3 April 2003, AA2003/ACT/en 1; Treaty Concerning the Accession of Bulgaria and Romania to the European Union, Luxembourg, 25 April 2005, AA2005/ACT/en 1.


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