A Czech Temporary Residence Permit is a document, granted to a citizen of a non-EU country, which gives chances to immigrate, live and work in the Czech Republic during the entire time of the document validity.
Advantages of a residence permit in the Czech Republic
- Reasonable property prices.
- The availability of highly qualified professionals.
- Access to the European educational system.
- Beneficial transport links throughout Europe
for entrepreneurship:
- low tax rates
- profitable lending techniques
- lawfulness of business-related activities.
Getting a residence permit in the Czech Republic through business
Owners of companies in the Czech Republic are qualified to get a residence permit.
Essential conditions: the company must operate for at least three months, have a turnover of 3500 euros per month, have an office and employees
To acquire a residence permit based on owning a business or a share in a business, the company must operate and show real income for a minimum of 3 months. Also, in accordance with the Czech firms and organizations, you will show your motive for doing business in the Czech Republic.
You can apply for the residence permit:
- if you own a company in the Czech Republic that has already worked for a minimum of 3 months and has 3500 euros per month turnover,
- if you bought a company in the Czech Republic or a share of the company, or
- if you have opened a whole company, in which various co-founders are possible.
In most cases, the type of company structure used for this process is the Limited Liability Company (LLC). And under the circumstance of buying or opening a company in the Czech Republic, the company must have the following features:
- It must have a share capital of at least 3900 euros,
- Also, the founders of the LLC can be foreigners (legal entities or individuals).
The process of procuring a residence permit in the Czech Republic
The documents required
- Photocopy of the passport.
- Proof of the address of residence in the Czech Republic.
- Proof of the availability of adequate funds in the bank account.
- Documentary proof of one of the grounds for procuring a residence permit.
- Health insurance.
- Two photographs
The steps
- Signing a contract: prepare the necessary documents, translate them into Czech and have them notarized.
- Submission of documents: submit the required documents to the Czech consulate for a category D visa at the place of registration. Then, the visa will be issued after collecting this visa, it is advisable to come to the Czech Republic and stay there.
- Apply for the residence permit: after 3 months of your company’s business commencement, you can then apply for a residence permit. In the Czech Republic, when all the essential documents are submitted to the Department of Immigration, you will receive a certificate that the documents for the issuance of a residence permit have been submitted.
- Getting the residence permit in the Czech Republic: essentially 1-3 months later, a message regarding the decision on the issuance of a residence permit will come. Then you will need to come to the Czech Republic again (if you were absent) for 5-8 working days to submit biometric data and receive the residence permit.
Buying real estate in the Czech Republic
Sadly, the Czech Republic doesn’t grant a residence permit for investment or purchase of real estate.
But owning real estate in the Czech Republic gives an advantage when acquiring a residence permit.
The cost, type, and location of the property don’t matter. It is significant to purchase a property before applying for a residence permit, (during the validity of a long-term visa).
How foreigners can get a permanent Residence in the Czech Republic
If you’d like to reside in the Czech Republic permanently, you may apply for a permanent residence permit after 5 years of consecutive residence in the Czech Republic. A stay on a long-term visa and a long-term residence permit is measured into this time but a stay on a short-term visa is not.
With the status of a residence permit in the Czech Republic, residents can travel without visas to the countries of the Schengen zone. Also, with Czech citizenship, you can visit over 180 countries without a visa and select any European Union country for living.
Are you ready to move to the Czech Republic and enjoy all these benefits? – Contact your Damalion expert now.
