The Czech Republic is a business-friendly country, but does not provide residency by investment schemes such as an investor visa or golden visa. However, it does offer an alternative that’s appealing to a variety of Business related resident permits and visas.
The Czech’s permits are all temporary, and they’re offered to:
- Those exercising business activities
- Self-employed professionals
The requirements aren’t hard. They’re inexpensive and accepting of low-net worth applicants.
Applicants need to enter the Czech Republic to register their company. This can be done through a 6-month business visa.
Afterwards, applicants will receive their residence permit – which must be renewed annually.
Following 5 residence years, applicants can apply for permanent residence. After 10 total residence years, an applicant can apply for naturalization.
Applicants Must Also Submit the Following:
- Original travel document
- Document stating the reason of stay (mainly a document to confirm entry at a legal business record/register)
- Proof of residence
- Proof of funds
- A photograph (may not be needed if pictorial records were already taken of the applicant)
- Parental consent
Additional Documents to Submit (Upon Request):
- Document provided by the state in which the applicant currently resides. Normally, the document should look like a Penal Register extract. The document should prove where the applicant was residing continuously (for 6+ month periods), throughout the past 3 years. If the applicant’s state doesn’t provide such documents, then a signed affidavit might be requested. Foreigners aged under 15 aren’t required to submit this document.
- Health document, proving that the applicant fulfills conditions set by the Health Ministry on the spreading of infectious diseases.
If an application gets approved, then before acquiring a visa, applicants need to provide a proof of medical travel insurance document.
This document isn’t required of:
- Foreigners who already subscribe to public health insurance.
- Foreigners who whose health insurance is covered by an international agreement.
- Foreigners who can prove their insurance coverage by other means.
Upon request, applicants may be asked to pay the insurance amount, as stated in the required document.