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The Czech Republic, especially Prague, offers stable returns from real estate investments with an average return on investment (ROI) of 3-5% per year for residential real estate in the capital. Prague is the most expensive area in terms of property prices, but the demand for rentals and properties for sale remains high thanks to the attractiveness of the city.
The healthcare system in the Czech Republic is of high quality and provides healthcare financed by the public health insurance system. All citizens and long-term residents are required to have health insurance. In addition to public healthcare facilities, there are also a number of private clinics in the Czech Republic that provide above-standard services for a fee.
The Czech Republic offers high-quality education in both public and private schools. For foreign investors and expats, several international schools are available in Prague, including the International School of Prague (ISP), which provides educational programs in English, including the International Baccalaureate (IB). The Czech education system is at a high level and offers educational institutions focused on technical and business fields that are respected throughout Europe.
EU citizens do not need to obtain a visa to enter the Czech Republic, while citizens from third countries can apply for a long-term visa or residence permit if they plan to invest or do business. Visas for investors enable long-term residence and business activity, the whole process is conditional on investments or opening a company in the Czech Republic.
The Czech Republic is known for its rich history, beautiful architecture and high quality of life. Prague, the capital, is one of the most popular tourist destinations in Europe, thanks to its historical atmosphere and modern lifestyle. The country offers a variety of natural beauties, including mountains, rivers and national parks. The country has a high level of security, ideal for entrepreneurs and families who want stability and a culturally rich environment.
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In the Czech Republic, the personal income tax is at the level of 15%, which is favorable compared to other countries of the European Union. For legal entities, the income tax is set at 19%. Property prices, especially in Prague, are constantly rising, with the average price per square meter in the center of Prague around EUR 7,000-9,000. Prices outside Prague are significantly lower, for example in Brno or Ostrava, where prices range from EUR 3,000-5,000 per square meter.
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