The investment visa to the Czech Republic is not the most popular, but a very reliable and effective way of immigration to the Czech Republic. The low popularity of this method of obtaining visas is primarily due to the required high volume of investments. Even in comparison with other economically developed countries, including the EU countries. The effectiveness of this method is determined by almost zero rejection for honest investors.
Requirements for obtaining Czech Investment visa
Several conditions that the Investor must fulfill to obtain a visa to the Czech Republic consists of several points:
- A renewable two-year visa is available at a high cost. It is available to investors from non-EU countries. A businessman must invest at least CZK 75 million. Naturally, the entire amount may not be invested in cash, and up to 60% of this amount can be provided through assets, both tangible and intangible, for example, cars, real estate, etc.
- It is the duty of a businessman to create and provide at least 20 full-time jobs, at least during the duration of the Investment Visa Program (compared to the German Business Visa Program – the mandatory requirement includes an investment of 1 million . EURO and creation of 10 jobs);
- The investor must develop a business plan for the investment.
An investment visa to the Czech Republic allows you to use a single investment to obtain several visas if the number of shareholders and directors is more than 5 people and owns less than 30% of the share in the authorized capital of the company. In this case, you will have to prove that their presence in the Czech Republic has a significant impact on the company’s business.
If the Investor meets all the specified parameters, he/she is entitled to receive an Investment visa.
The main advantages of obtaining an investment visa to the Czech Republic
Investment visas have many advantages over obtaining a regular long-term visa to do business:
- the process of applying for a visa in the Czech Republic is at least 30 to 45 days, i.e. this is two times less than in the case of applying for a long-term business visa, which is 120 days;
- Besides, unlike long-stay visa recipients for doing business, applying for an Investment Visa does not require a personal presence in the Czech Republic before applying;
- Another important advantage is that the family members of a businessman can quickly obtain long-term residence permits for family reunification;
- Long-term stay applications for family members on an Investment Visa are processed much faster and are issued within 90 days, compared to other types of family reunification visas, which can take up to 270 days;
- the very low bounce rate for honest investors.
A brief comparison with other investment visas in Europe
Many EU countries offer similar residency by investment, but each country has its requirements for obtaining a residence permit.
For example:
Hungary offers a residence permit for those who purchase issued government bonds of at least EUR 300,000.
Greece, on the other hand, offers a residence permit for investing in real estate in the amount of at least 250,000 EURO.
Spain will offer a residence permit called “Golden Visa” for those who invest more than EUR 500,000 through issued government bonds or real estate.
A long stay in Portugal is possible for those who invest in real estate in the amount of EUR 500,000 or more.
Outcome
Compared to options in other jurisdictions, the Czech Republic offers fairly strict conditions for obtaining an investment visa to the Czech Republic. An investor visa in the Czech Republic provides for the attraction of large investors who have specific reasons for investing, be it the purchase of commercial real estate or an industrial enterprise.
Therefore, you should not be upset if you do not meet the criteria specified by the Czech Republic. In any case, it is possible to obtain a Business visa for both medium and small class of entrepreneurs with less investment, through obtaining a visa to create a business in the Czech Republic (Entrepreneur Visa). The process of obtaining such a visa will be more complicated but in any case effective for an honest businessman.