Czech Republic

Czech Republic is a EU schengen member country is situated in the heart of central Europe. Prague, capital of Czech Republic is the most popular tourist destination in Europe. The cost of living in Czech republic is cheaper compared to other european countries and the current prevailing cheaper real estate prices attract large number of investors to invest in czech real estate.

Czech Investor Visa

Czech Republic has the business immigration program in Europe for non EU persons and foreigners.

The residence of foreigners in the Czech Republic is governed by Act No. 326/1999 Coll., on Residence of Foreign Nationals in the Czech Republic and on the Amendment of Certain Acts, as amended (hereinafter referred to as the “Foreign Nationals Act”).

Czech republic issues long term “significant investor” visas for the purpose of investment activity.

Long-term residence for investment purposes is intended for entrepreneurs who intend to stay in the Czech Republic for longer than 90 days and plan to make a “significant investment” in the Czech Republic and also for foreign nationals in the management of commercial corporations with a similar plan.

Investment minimum

  •  The Investor has to create at least 20 full-time jobs (for EU-citizens) and keep them operating at least for the duration of the Investment visa;
  • The Investor has to make an investment in the amount of at least CZK 75,000,000 (approximately EUR 2,850,000 or USD 3,250,000), whereby the whole amount does not have to be invested in cash, up to 60 % of this amount can be provided through assets (tangible or intangible)– e.g. machinery, real property, know-how etc.
  •  The Investor has to propose a business plan regarding the investment.

The business plan must clearly specify reasons for investment in Czech republic, how many jobs will be created and how it will benefit the social and economy of the country.

Family and children also qualify for long term residence permit in Czech republic.

Citizenship

Further after 5 years of legal residence in Czech Republic, you will be able to apply for “Permanent Residence” and further 5 years from the date of permanent residence, it is possible to apply for Czech Citizenship.

Czech Republic does not allow dual citizenship, which means you have to lose your previous citizenship upon naturalizing as czech national.

Dependents such as spouse and children under 18 years of age are allowed to accompany the applicant, provided more proof shown to cover the expenses. No age restrictions, or  language skills required for the Czech residence program.