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Czech Republic’s Business Residency Program: Quick Guide

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.

Application Process

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.

After Approval.

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.

The Golden Capitalist is powered by Global RCG, the leading provider of mobility assets in America. Reach out if you want to know more about 2nd residence & citizenship.

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Written by Freelancer

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