Long-term residence

 Česky

The purpose of "investment"

Long-term residence for investment purposes is intended for entrepreneurs who intend to stay in the Czech Republic for longer than 90 days and plan to make a “significant investment” in the Czech Republic and also for foreign nationals in the management of commercial corporations with a similar plan. You can lodge an application for long-term residence for investment purposes with the appropriate consulate. If you are already staying in the Czech Republic on a long-term visa or long-term residence permit for another purpose (excluding a long-term visa or long-term residence permit for exceptional leave to remain in the Territory), you may lodge your application direct with an MoI CR office.

Please submit the following to support your application:

1. travel document,

2. 1 photographs; this does not apply if an image record has already been captured,

3. a document demonstrating that the foreign national or the commercial corporation, of which the foreign national is a governing body, member of a governing body or of which such foreign national is a procurator or partner, has access in the Territory to finances for implementation of significant investment; such document must not be more than 30 days old on the date of lodging your application;

4. financial statements or similar documents containing the net profits of the applicant, commercial corporation and its controlling entity for the 2 calendar or accounting years preceding the date of lodging the application,

5. upon request, proof of origin of the finances for implementation of the significant investment (tax return or, in the case of a natural person who is an employee, a document confirming income certified by the employer),

6. a statutory statement by the applicant that a decision with effect similar to a bankruptcy decision has not been served either on the applicant, the commercial corporation or its controlling entity in the country of its hitherto operations,

7. documents proving ownership and origin of other assets to be invested (e.g. purchase contract) and an expert valuation of such assets,

8. a document proving that the foreign national is debt-free; this shall not apply for a foreign national who has not yet been in the Territory,

9. if the applicant is a foreign national applying for long-term residence for investment purposes as a partner, governing body, member of a governing body or procurator of a commercial corporation, please submit

   1. a document proving the commercial corporation is debt-free,

   2. a document proving that the applicant’s activity in the territory of the Czech Republic will have a substantial influence on the business of the commercial corporation (if more than 5 persons from the same company apply for entitlement to residence, their concrete significance for the company by means of candidate profiles – candidate curricula vitae. In the absence of the aforementioned, the rebuttable assumption stipulated in the government ordinance laying down details relating to the issuance or extension of long-term residence for investment purposes shall apply, i.e. if there are fewer than 5 persons, it is assumed that they have a significant influence for the company – an extract from the commercial register is required),

   3. a document proving that his/her/its share in such commercial corporation is at least the minimum share stipulated in the government ordinance (extract from the commercial register),

10. proof of registration in the appropriate register, list or records,

11. upon request, a document similar to an extract from the Penal Register,

12. upon request, a document confirming satisfaction of the requirements of measures for preventing the introduction of infectious disease,

13. travel medical insurance certificate, and, upon request, proof of payment of the insurance premium specified in the travel medical insurance certificate; this shall not apply in cases specified in Section 180j(4).

14. a business plan containing a description of the targets of the plan to implement a significant investment, a risk assessment of execution of this plan, the reasons for making such significant investment in the Territory, a description of the separate stages of the plan to implement a significant investment, including a time schedule, the volume of finances earmarked for each stage, description of the product to be manufactured or service to be provided, customer and sales outlet target groups and of the technical and technological processes of production or the method of provision and description of the method of securing a work force.
     

B U S I N E S S   P L A N   T E M P L A T E
1. Applicant characteristics
brief general company history - main milestones in development of the company from its beginnings to the present; inspiration may be taken in the last financial statement (company turnover, profitability, current number of employees, etc.; perhaps a description of activities at group level); emphasise company certificates; emphasise that the company concentrates on compliance with environment-related regulations.
2. Description of planned activities - description of technical and technological processes of the planned activities
describe what the anticipated investment concerns; summarise what assets will be acquired - land, buildings, machinery, intangible assets. For buildings, specify if investment will concern construction, acquisition, rental, technical improvement etc. of the building. For machinery, a brief description of the type of machinery and its basic technical parameters. how many new employees will be taken on for the project, estimated salary costs, planned training etc.
3. Personnel requirements of the project - description of methods of securing a workforce
how many new (or current) workers will be employed for the project; how they will be structured in terms of specialisation (e.g. 20 IT workers, 1 assistant, 1 accountant); educational requirements (e.g. how many graduates of universities, secondary schools); if applicable, describe their planned training.
4. Project end result/product - product / service description
explain/specify what the final outcome, its purpose, where it will be used, what types will be on offer; why the company wishes to expand / introduce the end result/product of the project (e.g. for purposes of innovation, due to increased demand, new customers, contracts etc.).
5. Investment schedule
draw up an investment schedule – when machinery will be ordered, when construction and testing will begin, when it will be fully up and running, complete end of investment etc.); draw up an employee recruitment schedule.
6. Description of method of financing
describe the method of financing the investment, whether you own resources or those of third parties; in the event of third party financing, specify the provider (e.g. bank loan, parent company etc.); if from own resources, the information must concur with the financial statement specified in Section 42(f).
7. Description to main competitors, description of customers and sales outlets
briefly, who is your competitor in the Czech Republic and in the relevant NUTS II region and in the EU (if none, please specify none); specify who are the company’s customers, and on which market the products and services will be offered; specify the risks of implementing the project, if others exist apart from the competition; sales method, distribution network and promotion method (marketing) of the product or service.
8. Reasons for investing in the Czech Republic
motivation for investment, how the investment is advantageous for the Czech Republic; project / investment goals.
9. Impact of investment for the quality of life of the population
specify the risks and benefits of the investment for the environment that dictates and influences the quality of life of the population.
APPENDICES TO PROJECT DESCRIPTION
Organisational structure of the grouping
not from a personnel viewpoint, but concerning companies in the group, indicating their ownership shares in percentage terms.

The information supporting the application must be no more than 180 days old, with the exception of the foreign national’s travel document and photograph, if it corresponds to his/her current appearance.

The deadline for the decision concerning long-term residence for investment purposes is 30 days from the date of lodging the application for long-term residence for investment purposes; in particularly complex cases, this deadline is extended to 60 days from the date of lodging the application.

Department for Asylum and Migration Policy, September 2nd, 2022

Print  E-mail  Twitter   Facebook