Long-Term Residence for Investment (Povolení k pobytu za účelem investování)

The Long-Term Residence for Investment (Povolení k pobytu za účelem investování) was introduced in 2017 as part of amendments to the Act on the Residence of Foreign Nationals. This permit was created to attract significant foreign capital and stimulate the Czech economy by incentivizing high-value business ventures. It fills a specific gap for substantial investors who do not fit the criteria of standard business or employment visas, offering a more streamlined path for those who commit to large-scale projects that create jobs and foster economic growth within the country.

This permit is designed for serious entrepreneurs, major shareholders, or executives of companies planning to make a 'significant investment' in the Czech Republic. To qualify, applicants must typically invest at least CZK 75 million and create a minimum of 20 new jobs for EU citizens for at least two years. It is distinct from other visas because it focuses on high-impact economic contributions rather than individual freelance work. It is ideal for high-net-worth individuals or corporate leaders who are actively expanding their business operations into the Central European market and require long-term residency to manage these significant assets.