The amount of financial security for obtaining a residence permit in the Czech Republic increases from January 1, 2023

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From January 1, 2023, the amount for an annual visa and residence permit increases to 115,810 CZK

The amount of financial security for obtaining a residence permit in the Czech Republic increases

https://www.mpsv.cz/documents/20142/2786931/TZ_vl%C3%A1da_14122022.pdf/ce14d7f5-4d3e-9fea-45b5-19c237ed4926

The amount of financial security in the Czech Republic. In accordance with the decree of the Government of the Czech Republic, from January 1, 2023, the so-called minimum for living (Czech. Existenční minimum) increases from 2,980 to 3,130 crowns. In practice, this means an increase in the minimum required amount for obtaining or extending a student visa or residence permit for a year from 110,260 kronor (~4,555 €) to 115,810 kronor (~4,785 €).

Last time, the minimum for survival was increased six months ago, 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 the amounts for obtaining long-term student visas and residence permits describes p. 2 § 13 of Law 326/1999 Sb. “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,

The amount of financial security in the Czech Republic: in translation:

15 amounts of the minimum for survival, if the stay in the territory of the Czech Republic should exceed the period of 30 days, with the condition that the amount increases by 2 amounts of the minimum for survival for each month of stay

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Accordingly, for a 6-month visa or an extension from January 1, 2023, you will need 15×3130+5×2×3130=78250 CZK (~3,233 €), for 12 months — 15×3130+11×2×3130=115810 CZK (~4,785 €), and for 24 months — 15×3130+23×2×3130=190930 CZK (~7,888 €)

Minimum for survival (Czech. Existenční minimum) should not be confused with the subsistence minimum (Czech. Životního minimum), they both exist in the Czech Republic and are used in social issues, primarily social calculations benefits.

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.

PVZP Insurance

PVZP Insurance company has announced a reduction from February 1 of the maximum possible discount on the Exclusive tariff to 5%. The Exclusive tariff (coverage up to 2.5 million kronor) is more expensive than the minimum Plus (coverage up to 2 million), a discount is provided for it and it continues to be the most budget-friendly.

With an 8% discount valid until February 1, comprehensive Plus insurance for 1 year costs 17,850 kronor for a 20-year-old student, and Exclusive with a maximum 8% discount costs 16,836 kronor.

From February 1, the discount is reduced to 5% and therefore such a student will cost at least 549 kronor more per year.

Russian citizenship

From April 1, 2023, entry to the Czech Republic will no longer be possible for Russians and Belarusians who also have Argentine, Israeli or other citizenship. In order to obtain a primary residence permit at the embassy, it will be necessary to renounce Russian citizenship. The extension of visas, issuance of residence permits and permanent residence to Russians and Belarusians located in the Czech Republic remains unchanged.

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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

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