The Czech Republic doesn’t have a formal residence by investment program. Instead, like many countries, it offers temporary residence to those that want to exercise a self-employed profession and a business activity. The Czech temporary residence for the purpose of business is a very popular route as it is both inexpensive and it doesn’t impose strict restrictions. You first enter the country on a 6-month business visa in order to register your company. Thereafter, you will receive an annual residence permit that you need to renew every year. After 5 years of residence, you can apply to the Czech authority for permanent residence. Naturalization is possible after 10 years of residence in the Czech Republic.
Along with the application, you must submit:
upon request you are further obliged to submit
If your application is approved, prior to affixing the visa, you are obliged to submit a proof of medical travel insurance that corresponds to the specified conditions (not required if the foreign national subscribes to public health insurance or if the costs for health care are covered on the basis of an international agreement or if the foreign national can demonstrate that health care is covered in another manner), and, upon request, a document on paying the insurance presented in the proof of medical travel insurance.