Advice Pool - Real Estate

Overseas property investors looking for the next emerging market should investigate Slovakia. The world bank in 2005 stated that Slovakia had the fastest transforming business

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

economy and the trend is set to continue.

About Slovakia

Slovakia landlocked republic in Central Europe bounded by the Czech Republic, Poland, Ukraine, Hun

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ary, and by Austria. Slovakia is modern European country with a deep rural tradition. Geographically, it is primarily a mountainous country with numerous winter activities. Br

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

atislava is its capital and largest city.

Buying property in Slovakia an overseas property opportunity.

Overseas property investors looking for the next eme

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

ging market should investigate Slovakia. The world bank in 2005 stated that Slovakia had the fastest transforming business economy and the trend is set to continue.

O

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

verseas buyers welcome in Slovakia

Slovakia lifted all restrictions on property acquisition on 1 May 2004. All foreign nationals can acquire real estate or land in S

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ovakia directly, without having to set up a company and have a local legal signatory. The minimum amount of equity required is generally 30% of the purchase price. Alternativ

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ely, you can use the equity in your existing property or simply arrange a loan at home.

Where to buy in Slovakia

Bratislava, Slovakia's capital and largest

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ity, is one of the rare places offering you exceptional capital growth potential AND increase in rental income at the same time. Quaint and jovial with a surprisingly rich cul

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

tural life, Bratislava is a capital city without the usual congestion. The High Tatras are a magnificent range of European mountains (only second to the Alps in elevation) dot

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ed with villages with deep peasant traditions.

How to buy property in Slovakia.

Once you found your Slovakian property be prepared to part with a deposit of

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

10%. This is required by the buyer to start the buying process. A pre purchase agreement is signed by both parties. A surveyor will complete a report and provide this to the s

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

eller’s solicitor who will then prepare a contract of sale. It is important to have any agreement signed translated. The title deeds are then transferred to you after a period

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

of about 4 weeks. Agents’ fees are between 1.5 and 3 percent.

Slovakian Climate

Slovakia has a continental climate, with four distinct seasons. Winters are

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

typically cold and dry, while summers tend to be hot and humid. The average daily temperature range in Bratislava is -3° to 2° C (27° to 36° F) in January and 16° to 26° C (6

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

° to 79° F) in July; temperatures tend to be cooler in the mountains. Bratislava receives an average of about 650 mm (about 26 in) of precipitation annually. In areas of high

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

altitude, snow is often present for as many as 130 days each year.

Travelling to Slovakia

Depending on the country you come from and the reason you come to

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

lovakia for, you may need an ID card, a passport or even a visa in order to enter Slovakia.

Citizens of the European Union should be able to travel with their ID card only. C

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ontact embassy of the Slovak Republic in your country for more information.

More information on visa and passport needs for citizens of non-EU countries can be found in the E

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

glish section of the official website of the Ministry of Foreign Affairs of the Slovak Republic: http://www.foreign.gov.sk

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Advice Pool - Slovakia: An Overseas Property Investment Story of the Future

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