How to get to Prague? 
Czech Republic has developed a project to provide residence permit for investment
In July, the Czech government will consider the project of the Ministry of Industry and Trade on granting residence permits for investments. It is proposed to issue a residence permit for up to two years to those who invest 75 million kroons (about three million US dollars) and create at least 20 jobs. At the same time, there is no automatic procedure for obtaining a residence permit for investment. Foreigners must provide the Czech authorities with a business plan that is real and credible. In addition, they will require knowledge of the local market and the conditions for doing business. It is also possible to get a residence permit if there is at least a 30 percent share in the firm that is going to do business in the Czech Republic.
Applications will be considered by the Ministry of Industry and Trade and the CzechInvest agency. The final decision for the Ministry of Internal Affairs of the Czech Republic. If the bill is approved, then it can enter into force already in August. From it there is an indirect benefit - foreigners with residence permit, according to the authors of the initiative, will less take out profits from the Czech Republic and will have an incentive to invest it here. In Germany, to obtain a residence permit you need to invest 1 million euros and create 10 jobs. A similar program exists in France, where the minimum amount of a long-term investment is up to 300 thousand euros, provided that new jobs are created, and the residence permit is issued for a different period depending on the amount of investment.
In July, the Czech government will consider the project of the Ministry of Industry and Trade on granting residence permits for investments. It is proposed to issue a residence permit for up to two years to those who invest 75 million kroons (about three million US dollars) and create at least 20 jobs. At the same time, there is no automatic procedure for obtaining a residence permit for investment. Foreigners must provide the Czech authorities with a business plan that is real and credible. In addition, they will require knowledge of the local market and the conditions for doing business. It is also possible to get a residence permit if there is at least a 30 percent share in the firm that is going to do business in the Czech Republic.
Applications will be considered by the Ministry of Industry and Trade and the CzechInvest agency. The final decision for the Ministry of Internal Affairs of the Czech Republic. If the bill is approved, then it can enter into force already in August. From it there is an indirect benefit - foreigners with residence permit, according to the authors of the initiative, will less take out profits from the Czech Republic and will have an incentive to invest it here. In Germany, to obtain a residence permit you need to invest 1 million euros and create 10 jobs. A similar program exists in France, where the minimum amount of a long-term investment is up to 300 thousand euros, provided that new jobs are created, and the residence permit is issued for a different period depending on the amount of investment.
No comments:
Post a Comment