- August 19, 2020
- Posted by: Editor
- Category: Law
The Czech immigration law grants the right to apply for a business visa, in the case in which you are a foreigner who is interested in developing a business activity in this country (investing in the local economy or starting a business). The Czech Republic business visa is granted to those who are interested in moving to Czech Republic for at least 90 days in order to make their business arrangements in this country, which will grant them the right to the Czech long-term residence permit, depending on the duration of the stay.
Foreigners interested in this document must know that the maximum duration of the visa is of one year since the moment when it was issued and that very stringent regulations have to be met prior to the issuance of the document; we advise you to request information on how to apply for this document from our immigration lawyer in Czech Republic. Investors can also address to our lawyer if they want to obtain the Czech citizenship.
What are the general aspects of the Czech Republic business visa?
Foreign businessmen or persons who are interested in developing a commercial activity in this country can apply for a business visa. The document is generally required for nationals of third party countries, who must contact the consulate or the embassy of the Czech Republic when making their application.
The application for the Czech Republic business visa must be made in person and the applicant must make an appointment for it. Please note that the process of obtaining the document is bound by the participation in an interview with the Czech authorities working at the respective consulate/embassy.
You must also be aware that the processing time required for this type of visa is of 90 days (calculated after the date in which the complete application is submitted with the Czech authorities). More complicated cases can increase the duration of the visa processing, reaching a total period of 120 days.
When the investor prepares his or her application, it is best to verify several times if all the documents required are added to the file, as incomplete applications will be returned to the applicant, and this can lead to important delays in the issuance of the Czech Republic business visa. In order to ensure a smooth process, you can also rely on the services of our immigration lawyer in Czech Republic, who has in-depth expertise in the issuance of this document. You can also receive advice on how to obtain a Czech long term residence permit.
Other aspects that should be taken into consideration are the following: the documents have to be notarized (or submitted in original) and their translation in the Czech language is compulsory. The decision on the issuance of the Czech Republic business visa is not taken by the consulate or the embassy where the application is made, but by the representatives of the Ministry of Interior.
What are the documents investors need for the Czech business visa?
As per the Czech immigration legislation, foreign investors preparing their visa application issued for business purposes have to present documents that are generally required for other types of visas. For example, investors should prepare the visa application form, pay the visa fee, present two photographs and the original passport and provide a document stating that the applicant has the necessary financial resources to live in this country.
Then, the person must prepare documents attesting the purpose of stay, documents regarding his or her accommodation in Czech Republic, as well as the criminal record issued by the police authorities in the home country; given the fact that the purpose of stay refers to business related activity, the applicant must present specific corporate documents, which can be detailed by our immigration lawyer in Czech Republic.
What is the data on foreign investments in Czech Republic?
Most of the foreign investors that have very good investment activities in this country are from other European countries, which means that their relocation to Czech Republic does not imply obtaining business visas. However, the country has strong business relations with Japan and India, which are some of its main investors. Considering that these countries are seen as third party countries, investors who are residents here may need to obtain a Czech Republic business visa. The foreign investment sector is characterized by the following:
• in 2017, the country’s main trading partner was Germany (accounting for 41.9% of all foreign investments);
• the next most important partners were Japan (6.6%), Austria (6.4%), France (5.9%), Belgium (4.4%) and India (4.1%);
• the most attractive investment sector was the car manufacturing industry (accounting for 27.1%);
• metallurgy and metalworking accounted for 17.5% and electric devices sector for 12.7%;
• investors moving to Czech Republic must know that the country has a competitive index on the shareholders’ power (9.0, the same as the United States of America).
We invite foreign investors to request other relevant information from our immigration lawyer in Czech Republic. Our attorney can provide in-depth details on how to apply for a Czech Republic business visa and may also help you with advice on other procedures that may apply after relocating here, including for the procedure related to the Czech citizenship.