You might be considering expanding your business into the Czech market, and whether you are moving there as an individual or with your family, there is plenty to do and take advantage of in this affluent and developing European state.
Why Live in the Czech Republic?
Nestled in the heart of Europe, your experience of this country will be enriched by its deep historical and cultural roots. Prague, the capital, is a notoriously beautiful place courtesy of its fine architecture, but the Czech Republic also has eleven other UNESCO world heritage sites that stand as a testament to its past. In terms of business, this is a hotbed for entrepreneurs looking to expand into Europe for reasons such as its robust democratic tradition, and highly developed economy.
Business Immigration Opportunity
If you are undertaking genuine business in the Czech Republic which will deliver value to the local economy, you are able to take advantage of a full residency package which includes the formation of a company, a business visa to begin operating your company in Europe all the way through to your long-term residency less than a year down the line.
What are the benefits?
One of the main draws of Czech residency is the route to long-term residency after just three months, and then you apply for permanent residency after five years if your business continues to grow. You do not have to move to the Czech Republic alone: like many other European countries, you can bring your dependents, a spouse and children under the age of eighteen to live there with you.
What are the basic steps?
There are three main steps to long-term residency through your business.
1. Business Visa Application
First of all you will need to apply for a business visa in order to enter the Czech Republic, which is valid for six months and must be applied for from your home country. To apply, you will need to have formed an SRO company in the Czech Republic (this is the same as a Limited Liability Company), provide proof of living expenses and health insurance, along with having organized accommodation there sufficient for yourself and any dependents.
2. Enter the Czech Republic and Register your Address
Within three days of your arrival in the Czech Republic you must register your address with the local police.
3. Apply for Long Term Residency
Three months prior to your business visa expiry date, you can apply for a long term residency permit in the Czech Republic. This is typically valid for a year, with the opportunity to extend.
Speak to us about Czech immigration today:
If you are considering this immigration route to the Czech Republic, we can help you. Contact us today at [email protected] to speak with one of our helpful consultants about the process and requirements in more detail.