Russians who apply for long-term residence in the Czech Republic will have to provide evidence of compliance with specific financial requirements: have funds that 15 times higher than the average minimum wage in the republic. The corresponding update was published by the Ministry of Internal Affairs of the Czech Republic.
New financial measures for Russians and other foreign nationals applying for long-term residence came into effect on April 1, according to the Czech Interior Ministry, and require applicants to provide proof that they have 15 times the average minimum wage in the Czech Republic. At present, the average salary is 2'740 CZK, i.e. RUB 7.544
In addition, the applicant must submit proof of their income in the form of a bank statement, other documents confirming that the applicant has financial security, or a valid international payment card. After the disconnection of Russian banks from Mastercard and Visa, wealthy compatriots began to travel abroad to issue cards from foreign banks. For example, bank tours to Uzbekistan have recently been popular.
“A foreign citizen is obliged to prove the availability of funds that are 15 times the existential minimum (according to Government Decree No. 75/2022 Coll., as of April 1, 2022, the next minimum is 2.740 kroons) for the first month and double the amount of the existential minimum for each subsequent month,” the press release explained.
In addition, for a stay from September 1 to February 28, the amount will be 189 thousand rubles, counting for a semester, while the amount for a longer stay during the year (from September 1 to August 21) can cost more – up to 279 thousand rubles.
According to Statista, migration peaked at 28,090 people, down 28 percent from the previous year, when 39,168 people migrated to the Czech Republic.
In addition, the number of immigrants in the Czech Republic increased in pre-COVID 2019, reaching 105,888 people. This number was 2.7 percent below the 2008 level, or 2,379 immigrants, a record high in a decade.
As for the level of emigration, it reached the highest levels in the pre-pandemic period from 2006 to 2019, reaching a record level of 77,798 emigrants. These figures were closest to the levels of 2009: 61,782 emigrants were registered at that time.
Data from the statistical office Eurostat also showed that the naturalization rate in the Czech Republic in 2019 was 0.5 percent, i.e. about 557.458 foreign tourists became residents, and 2.934 received citizenship.
With regard to citizens of other EU member states who became residents of the Czech Republic, this number was 225,400 people, of which 616 acquired citizenship in the Central European country. The number of citizens of non-bloc countries was 332,058 inhabitants, while 2,301 received citizenship. In addition, the naturalization rate for other EU citizens was 0.3%, and for non-citizens of the bloc – 0.7%.
Earlier, Turprom wrote that “That's it: in the most popular country where Russians flee, it has become much more expensive.”
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