The amount of financial security for obtaining a residence permit in the Czech Republic increases from July 1, 2022

Time to read: 2 minutes

From July 1, 2022, the amount for an annual visa and residence permit in the Czech Republic increases to 110,260 crowns

In accordance with the decree of the Government of the Czech Republic, from July 1, 2022, the minimum for living in the Existenční minimum is increased from 2,740 to 2,980 kroons. In practice, this means an increase in the minimum amount required to obtain or extend a student visa or residence permit in the Czech Republic for a year from 101,343 kroons (~4,147 €) to 110,260 kroons (~4,457 €).
Money for financial security in the Czech Republic for obtaining a residence permit must be kept on your bank card in the Czech Republic from the moment you receive a certificate until the decision on a residence permit in the Czech Republic is received. The Ministry of Internal Affairs of the Czech Republic, while considering an application for a residence permit in the Czech Republic, may ask you for a fresh bank statement for the last few months. If the Ministry of Internal Affairs of the Czech Republic sees from the bank statement that you have withdrawn money and even put it back after requesting the statement, it will refuse a visa.
The last time the minimum for survival was increased on April 1, 2022, but due to the unprecedented level of inflation in 2022 and the need to provide more citizens with benefits, it was decided to increase the standards. Until 2022, they held on for 8 years from 2012, but the Czech Republic made a huge economic leap, wages rose sharply.
The calculation of amounts for obtaining long-term student visas and residence permits is described in paragraph 2 of § 13 of law 326/1999 Coll. “On the stay of foreigners in the territory of the Czech Republic”:
15násobku částky existenčního minima, jestliže má pobyt na území přesáhnout dobu 30 dnů, s tím, že tato částka se za každý celý měsíc předpokládaného pobytu na území zvyšuje o 2násobek částky existenčního minima,
In translation:
15 minimum survival sums if the stay in the territory of the Czech Republic must exceed the period of 30 days, with the condition that the amount is increased by 2 minimum survival sums for each month of stay
Accordingly, for a 6-month visa or extension of a residence permit in the Czech Republic, 15×2980+5×2×2980=74500 kroons (~š 012 €), for 12 months – 15×2980+11×2×2980=110260 kroons ( ~4 457 €), and for 24 months – 15×2980+23×2×2980=181780 kroons (~7 348 €)
The Existenční minimum should not be confused with the Životního minimum, they both exist in the Czech Republic and are used in social issues, primarily in the calculation of social benefits.
To submit documents for obtaining a residence permit in the Czech Republic, a bank certificate with a real seal and signature is required.

See also  Czech Republic student visa fees. Pay at the cash desk of the consulate

Extending a student visa in the Czech Republic – residence permit     

Process of applying for a residence permit in the Czech Republic

Biometrics in the Czech Republic when obtaining a residence permit