Proof of funds for the purposes of a long-term visa
The amount of funds required for the purposes of a long-term visa
For the purposes of a long-term visa
(apart from business), a foreign national is obliged to prove the availability of funds that are 15 times the amount of the existential minimum (according to Government Regulation No.409/2011 Col.
) this equals 2200 CZK
) for the first month and double the amount of existential minimum for every month afterwards, i.e. for instance, for a stay from 1 January – 30 June, it would be (15*2200) + (5*2*2200) = 33 000 + 22 000 = 55 000 CZK
A foreign national under 18 years proves the availability of half the amount.
If it concerns a long-term visa for the purpose of business, the foreign national is obliged to prove availability of financial resources that are least 50 times the amount of the existential minimum, i.e. 50*2200 = 110 000 CZK
Means of demonstrating availability of funds for the purposes of a long-term visa
- A bank account statement for an account maintained in a bank or other financial institution (not necessarily a bank or financial institution licensed to operate its business solely in the territory of the Czech Republic) in the foreign national`s name indicating that he/she is free to use the finances in the required amount during his/her stay in the Czech Republic. The submitted document must clearly indicate that the foreign national is entitled to use the requisite funds in the Czech Republic. Should it not be clear that the foreign national has the requisite financial resources at his/her disposal (e.g. in case of a foreign bank account), he/she will be required to provide further evidence, e.g. an internationally recognised payment card issued for the bank account in question.
- Another document on financial security demonstrating that the foreign national has the required amount of financial resources at his/her disposal, or that he/she has secured funds to cover the costs associated with his/her stay in the territory.
- A valid internationally recognized payment card, as long as it is not exempt from use in the Czech Republic. Upon request of an administrative body, the foreigner is obliged to simultaneously submit a statement from a bank account maintained in a bank or other financial institution, indicating that he/she is free to use the finances in the specified amount during his/her stay in the territory.
- A foreign national who will study in the Czech Republic (i.e. is applying for a residence permit for the purpose of “studies” pursuant to § 64 of the ARFN) can submit the proof of funds in form of a pledge issued by a state body or legal entity that they will secure the foreign national’s stay in the Czech Republic by providing financial means amounting to the existential minimum for 1 month of the expected stay, or a document that all of the costs associated with his/her stay will be covered by the recipient organisation (school). If the amount in the pledge does not cover the amount required by law, the foreign national is obliged to submit a document proving he/she has the financial resources amounting to the difference between the existential minimum and the pledge for the period of the expected stay, at most, however, 6 times the amount of the existential minimum. The document on securing funds for the stay can be substituted for by a decision or contract on awarding a grant obtained on the basis of an international agreement by which the Czech Republic is bound. Proof of funds submitted in this manner cannot be used for an application for a long-term visa for the purpose “other”.
Proof of funds in the abovementioned amount can be substituted for by a document confirming that the costs associated with the foreigner national`s stay in the Czech Republic have already been covered, or that services to him will be provided free of charge, or by a letter of invitation verified by the foreign police.