The Czech Republic doesn’t have a formal residency by investment program. Instead, like many countries, it offers temporary residence to those that want to exercise a self-employed profession and a business activity. The Czech temporary residence for business is a very popular route as it is both inexpensive and it doesn’t impose strict restrictions. You first enter the country on a 6- month business visa to register your company. Thereafter, you will receive an annual residence permit that you need to renew every year. After 5 years of residence, you can apply to the Czech authority for permanent residence. Naturalization is possible after 10 years of residence in the Czech Republic.
The investment visa to the Czech Republic is not the most popular, but a very reliable and effective way of immigration to the Czech Republic. The low popularity of this method of obtaining visas is primarily due to the required high volume of investments. Even in comparison with other economically developed countries, including the EU countries. The effectiveness of this method is determined by almost zero rejection for honest investors.
Several conditions that the Investor must fulfill to obtain a visa to the Czech Republic consist of several points:
There are some other basic conditions, that the investor needs to fulfill such as proving indebtedness clearance; having a clean criminal record; providing its financial statements for the last 2 fiscal years, and other requirements; mostly formal; for it to obtain an Investment visa in the Czech Republic.
An investment visa to the Czech Republic allows you to use a single investment to obtain several visas if the number of shareholders and directors is more than 5 people and owns less than 30% of the share in the company’s authorized capital. In this case, you will have to prove that their presence in the Czech Republic significantly impacts the company’s business.
Investment visas have many advantages over obtaining a regular long-term visa to do business:
Required Documents for Permanent Residence applications
Citizen of EU:
Citizen of Third-country
Step 1: Determine your purpose for traveling to the Czech Republic, which will determine the type of visa you should apply for.
Step 2: Gather your required documents.
Step 3: Fill out your application.
Step 4: Pay the application fee.
Step 5: Submit your Czech Visa application (at least 15 days before traveling, not before 6 months).
Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:
Privacy World can also help you incorporate your company in the Czech Republic, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.
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The Czech government allows dual citizenship since 2013. This means that you qualify for a second passport and can live, work, study in any of the 28 EU member countries with no restrictions.
10 years of permanent residence in the country. The stay is considered continuous if the applicant was absent for no more than two consecutive months or in total no more than 310 days during the stay in the Czech Republic.
Yes, there will be a relevant Czech language exam.
No interview required.
It takes 10 years of permanent residence in the country. Live in the country for four years with a residence permit status and five years with a permanent residence status.
Individuals that are considered as a tax residents in Czech Republic are levied a flat personal income tax rate of 15% from gross income and for individuals with yearly income exceeding 48 times the average monthly salary.
Non-residents are taxed only on income earned in the country. The main categories of personal tax are employment income, rental income, capital income from such dividends, sales of securities or properties.
There are no net worth/wealth taxes in Czech Republic.
Since 2014, the inheritance tax has been abolished. This relatively new legislation is very beneficial for real estate investors whose purpose includes providing a secure future for their offspring.