Long-term visa for the purpose of investing
The most recent amendment of Act No. 326/1999 Coll., on the Residency of Foreigners in the Czech Republic, came into force on 15 August 2017. This amendment brings forth a new residency classification: Long-Term Residency for the Purpose of Investing.
This involves a long-term residency permit for businesspeople – natural persons and, as the case may be, partners, members of statutory bodies and authorized representatives of business corporations – who are preparing to implement a significant investment in the Czech Republic. Significant investments are those in which financial resources in the amount of at least CZK 75 million are invested in the Czech Republic and at least 20 new jobs are created in the Czech Republic. Up to 60% of the investment of financial resources can be replaced with investment in other assets set forth in Section 42n (1) (b) of Act No. 326/1999 Coll., on the Residency of Foreigners in the Czech Republic.
More information on Long-Term Residency for the Purpose of Investing including the necessary documents is available on the website of the Ministry of the Interior.