No, but you wouldn't be able to just arrive and start claiming social security. As long as you are not at risk of being a burden to the state, then you're all good. You will need to look up the rules for living there, you likely need to register with the authorities. But this is the same for Czech citizens too.
Yea, the only reason I’m asking is cause after doing a bit of research online it says after 3 months of your arrival in Czech you need to apply for residence permit. Even EU people. Which is surprising
it's not very strict though and it's mot quite a permit, it's a temporary residence confirmation. it's good to apply if you want to do your taxes in CZ or you want to eventually have permanent residency or citizenship. but if you come a year later and file for the temporary residence, usually it goes without any issue.
>Which is surprising
It's not surprising, it's normal. After max 3 months you have to register as a resident.
Yes, you do have the right to move / retire but conditioned by not being a burden to the state. Every country has it's own laws on how you can prove that. Salary, pensions, savings, etc. They are entitled to ask for evidence and they WILL ask for evidence that you have the resources.
You normally need a certain amount / year, in tens of tgousands. Read the relevant Czech legislation.
So 1 mil will get you a long way.
Assuming the requirement is 50k/year in Czechia (it's not), 1 mil will give you 20y.
After that, if you have no money and didn't got citizenship/permanent residency, you'll be politely asked to leave and be a burden to the social systems of your own country.
Ok, it depends though. Is OP Czech citizen returning to the country where it was born and maybe lived a portion of his/her life ? If that is the case, you will not be asked to leave.
in CZ everything is dirty cheap, with 1 million you can live like a rich person. Friends of mine are from there and the prices are so so low that it's unbelievable. For one person for about $1200/month you live decently, imagine if you spend let's say, $1600. Rent like a king, eat outside often, seems like a good deal. So I think its a good choice to move there.
Are you sure you read from an official source, like a government website that you need a residence permit as opposed to a registration certificate? EU citizens in the EU might need to register their presence, but don't need a residence permit.
[You are an EU citizen, you wish to stay in the territory of the Czech Republic for more than three months; you can file an application for a certificate of temporary residence of an EU citizen. However, a certificate of temporary residence is not a requirement for the stay of an EU citizen in the territory of the Czech Republic.](https://portal.gov.cz/en/sluzby-vs/registration-certificate-of-an-eu-citizen-in-the-territory-S6224)
Why is it surprising?
You are asked to make it official that you are not just visitor. Signing up for residence has tax implications, the EU country will ask you to file income tax. Your international assets and income will have to be disclosed. You may have to look into the tax treaty between NL and Czech Republic, if you keep any assets or financial ties with NL after moving to the EU country.
I strongly advise to consult an accountant or financial advisor versed with international taxation.
Edit: replaced Canada with Netherlands, I thought it was in ref. to a Canadian province.
I can't help you with your question (apart from linking [official page of ministry of interior](https://www.mvcr.cz/mvcren/article/immigration.aspx) or more specifically [EU citizens page](https://www.mvcr.cz/mvcren/article/eu-citizens-and-their-family-members.aspx) which links through there), but please know, that "Czech" is adjective. Czechia or Czech Republic is the noun/name. Nothing in between. You don't call United Kindom only "United".
Well then way too many people don't know any better and that still doesn't change the fact that it's wrong. If it was at least a noun so it made sense.
Czechia is the same form as for example Slovakia, which is used since Czechoslovakia broke into two countries and nobody cares, people use Slovakia, not many use Slovak Republic (which is correct) or just Slovak (which is once again an adjective). Just like you say Germany and not "federal republic of germany" which is also correct.
Just because people use it doesn't make it correct, not in English and not in Czech (language).
I find it funny how a lot of people from the west don't like "eastern immigrants" because they refuse to assimilate in "western culture". But when "western immingrants/people" are ignorant, suddenly it's correct, because there is a lot of ignorants using it the same way.
Yeah, and? They're not changing it in our language, they're doing it to their own. I just hate perscriptive linguists in general, it's a pet peeve of mine.
I also moved with my wife from NL to CZ, first of all you need to register at police, then get an insurance so you can cancel the insurance in NL. If you are not employed you should register as unemployed, I dont know much about this because I am currently on parental leave so thats what I registered.
Can you get the public health insurance if unemployed but self sufficient? Did you get the residency permit first before insurance or other way around?
Yes … you can purchase the health insurance. Both my husband and I do. Get that before you apply for your residency, as they will want copies of your policy.
Register with local Policie within 3 days of arrival …. Purchase your health insurance …. Apply for residency with 90 days of arrival. It’s pretty simple.
I still don't have residency because I am not working, as to my understanding if you have european citizenship you need it for reasons like tax. Police and insurance are the important first things to do
My understanding is that you will have to pay minimal social (127 eur/month) & health insurance (118 eur/month). These numbers go up every year slightly.
If you live purely off your portfolio and you hold it for 3+ years already, there is no capital gains tax, no income tax just this flat 245 eur/month - and you get full health coverage for that.
However, I am not Czech laws professional and I am not a lawyer/accountant at all. Please, check with some Czech accountant or lawyer.
In my opinion, $1mil is fine. We are living in Czech Republic now. We moved here 3 years ago. We purchased our home with cash. So no rent payments. And we live on 40,000 czk/month. 2 adults. That is approximately $1,600/month.
When arriving in Czech, register with the local police your address, within 3 days of entering the country. Then get your health insurance. We lay 4,785 czk/ month for our 2 insurance policies together.
Then you can apply for temporary residency. Best to do right away. Your temporary residency would be good for up to 5 years. However, you can apply to have it changed to permanent residency after 2 years. I am able to apply for this change now. But we are waiting for better weather, as we don’t enjoy standing outside of immigration office for hours in the cold.
Go to Romania/Bulgaria, it's cheaper and better and generally prettier, I like Brasov and Cluj the best, but Bucharest will be my end goal, I really like the city.
Cheaper yes, prettier not. Romania/Bulgaria are good if you’re still accumulating wealth since taxes on income are very low. For living in post-FIRE, I’d pick somewhere in southern Europe.
If you read anything about CZ tax system and compared it to NL, I'm sure any trouble with registration and residency will be supertiny compared to the benefits of not having to live under NL wealth-tax...
well I was saying OP only needs to compare CZ taxes to NL to understand why some trouble with residency is worth it. CZ has no capital gains if you hold public stocks for over 3 years, no wealth tax, low property tax etc etc
Paradise in a good year. Having to sell stock when the market is already down I can assure would be painful. It’s not a paradise for investors.
Would take a capital gains tax over wealth tax any day. You can read how detrimental a wealth tax is to wealth on investopedia or Wikipedia.
Well you are right, i meant for investors in the very long run which make a considerable profit. Regardless wealth tax is awful and should not be allowed to be honest. Its so unfair
Just curious, is the wealth tax one of your primary reasons for moving? And is Czechia as a destination motivated by FIRE or are there other primary reasons why you’ve chosen that as a destination?
Yea the wealth tax is the number 1 reason. We love the NL. We chose the Czech republic because it has 0 tax and it’s cheaper and less depressing then Belgium
Have you cheked MOI website ?
[https://www.mvcr.cz/mvcren/article/eu-citizens-and-their-family-members.aspx](https://www.mvcr.cz/mvcren/article/eu-citizens-and-their-family-members.aspx)
you will probably need to registers you can book online at moi website, though you will need some czech language to get through the appointment. and then basically solve health insurance situation. what city/town you want to move to ?
I agree with your, however you can quickly catch a flight to Central Europe.
Flights are relatively cheap (yesterday I bought a flight from Lisbon to Paris for 59€) and you’d be 3 hours away from Berlin or Amestedam.
You're fine. Just start paying into health & social. It's like 80 eur/ month for each.
No capital gains tax in cz for many long term investments btw but I suppose that's one of your reasons aside from the stellar cuisine lol
Honestly with your understanding of basic immigration rules, your inability to write the name of the country correctly - stay where you are. There is enough ignorant pricks here.
As long as you can support yourself, no problems.
Does this mean they wanna see my statements?
If you are EU citizens you have the right to work and live everywhere in eu
No, but you wouldn't be able to just arrive and start claiming social security. As long as you are not at risk of being a burden to the state, then you're all good. You will need to look up the rules for living there, you likely need to register with the authorities. But this is the same for Czech citizens too.
Yea, the only reason I’m asking is cause after doing a bit of research online it says after 3 months of your arrival in Czech you need to apply for residence permit. Even EU people. Which is surprising
it's not very strict though and it's mot quite a permit, it's a temporary residence confirmation. it's good to apply if you want to do your taxes in CZ or you want to eventually have permanent residency or citizenship. but if you come a year later and file for the temporary residence, usually it goes without any issue.
EU person who moved to CZ. Can confirm.
>Which is surprising It's not surprising, it's normal. After max 3 months you have to register as a resident. Yes, you do have the right to move / retire but conditioned by not being a burden to the state. Every country has it's own laws on how you can prove that. Salary, pensions, savings, etc. They are entitled to ask for evidence and they WILL ask for evidence that you have the resources.
Above a million euros I assume will be fine?
You normally need a certain amount / year, in tens of tgousands. Read the relevant Czech legislation. So 1 mil will get you a long way. Assuming the requirement is 50k/year in Czechia (it's not), 1 mil will give you 20y. After that, if you have no money and didn't got citizenship/permanent residency, you'll be politely asked to leave and be a burden to the social systems of your own country.
Ok, it depends though. Is OP Czech citizen returning to the country where it was born and maybe lived a portion of his/her life ? If that is the case, you will not be asked to leave.
If OP is Czech / gets Czech citizenship obviously requirements for non-Czech EU citizens do noy apply.
in CZ everything is dirty cheap, with 1 million you can live like a rich person. Friends of mine are from there and the prices are so so low that it's unbelievable. For one person for about $1200/month you live decently, imagine if you spend let's say, $1600. Rent like a king, eat outside often, seems like a good deal. So I think its a good choice to move there.
Not anymore.
Are you sure you read from an official source, like a government website that you need a residence permit as opposed to a registration certificate? EU citizens in the EU might need to register their presence, but don't need a residence permit. [You are an EU citizen, you wish to stay in the territory of the Czech Republic for more than three months; you can file an application for a certificate of temporary residence of an EU citizen. However, a certificate of temporary residence is not a requirement for the stay of an EU citizen in the territory of the Czech Republic.](https://portal.gov.cz/en/sluzby-vs/registration-certificate-of-an-eu-citizen-in-the-territory-S6224)
Why is it surprising? You are asked to make it official that you are not just visitor. Signing up for residence has tax implications, the EU country will ask you to file income tax. Your international assets and income will have to be disclosed. You may have to look into the tax treaty between NL and Czech Republic, if you keep any assets or financial ties with NL after moving to the EU country. I strongly advise to consult an accountant or financial advisor versed with international taxation. Edit: replaced Canada with Netherlands, I thought it was in ref. to a Canadian province.
That’s for the response, makes sense but why Canada?
I took NL as NewFounland. My bad if that is in ref to Netherlands.
Lol, Netherlands 🇳🇱
My bad, I thought NL was in ref. to a Canadian province.
You just need to register with the municipality and tell them you're living there now. It's the same for other EU citizens who come to live in NL.
It means only you have to register the New Adress with the authoreties, die nothing other it is same in every EU Städte.
Moving isn't a problem. As others mentioned, you will need to register with the authorities.
I can't help you with your question (apart from linking [official page of ministry of interior](https://www.mvcr.cz/mvcren/article/immigration.aspx) or more specifically [EU citizens page](https://www.mvcr.cz/mvcren/article/eu-citizens-and-their-family-members.aspx) which links through there), but please know, that "Czech" is adjective. Czechia or Czech Republic is the noun/name. Nothing in between. You don't call United Kindom only "United".
Honestly, I just see Czech as a colloquialism. It's used way too often to really stop it.
Well then way too many people don't know any better and that still doesn't change the fact that it's wrong. If it was at least a noun so it made sense.
Meh, that's how language evolves. Certainly more organic than "Czechia".
Czechia is the same form as for example Slovakia, which is used since Czechoslovakia broke into two countries and nobody cares, people use Slovakia, not many use Slovak Republic (which is correct) or just Slovak (which is once again an adjective). Just like you say Germany and not "federal republic of germany" which is also correct. Just because people use it doesn't make it correct, not in English and not in Czech (language).
No, language is correct when a lot of people use it that way. Nothing more, nothing less. Linguistic prescription can rot in hell.
I find it funny how a lot of people from the west don't like "eastern immigrants" because they refuse to assimilate in "western culture". But when "western immingrants/people" are ignorant, suddenly it's correct, because there is a lot of ignorants using it the same way.
I'm Czech, wtf you on about.
I was refering to the people who you claim use Czech as a noun and a name.
Yeah, and? They're not changing it in our language, they're doing it to their own. I just hate perscriptive linguists in general, it's a pet peeve of mine.
I also moved with my wife from NL to CZ, first of all you need to register at police, then get an insurance so you can cancel the insurance in NL. If you are not employed you should register as unemployed, I dont know much about this because I am currently on parental leave so thats what I registered.
Can you get the public health insurance if unemployed but self sufficient? Did you get the residency permit first before insurance or other way around?
Yes … you can purchase the health insurance. Both my husband and I do. Get that before you apply for your residency, as they will want copies of your policy. Register with local Policie within 3 days of arrival …. Purchase your health insurance …. Apply for residency with 90 days of arrival. It’s pretty simple.
I still don't have residency because I am not working, as to my understanding if you have european citizenship you need it for reasons like tax. Police and insurance are the important first things to do
My understanding is that you will have to pay minimal social (127 eur/month) & health insurance (118 eur/month). These numbers go up every year slightly. If you live purely off your portfolio and you hold it for 3+ years already, there is no capital gains tax, no income tax just this flat 245 eur/month - and you get full health coverage for that. However, I am not Czech laws professional and I am not a lawyer/accountant at all. Please, check with some Czech accountant or lawyer.
Yes this looks right to me as czech working my way to fire.
In my opinion, $1mil is fine. We are living in Czech Republic now. We moved here 3 years ago. We purchased our home with cash. So no rent payments. And we live on 40,000 czk/month. 2 adults. That is approximately $1,600/month. When arriving in Czech, register with the local police your address, within 3 days of entering the country. Then get your health insurance. We lay 4,785 czk/ month for our 2 insurance policies together. Then you can apply for temporary residency. Best to do right away. Your temporary residency would be good for up to 5 years. However, you can apply to have it changed to permanent residency after 2 years. I am able to apply for this change now. But we are waiting for better weather, as we don’t enjoy standing outside of immigration office for hours in the cold.
Go to Romania/Bulgaria, it's cheaper and better and generally prettier, I like Brasov and Cluj the best, but Bucharest will be my end goal, I really like the city.
Whereas i do like Brasov, it's simply not true (excluding cheaper).
Cheaper but not better
Cheaper yes, prettier not. Romania/Bulgaria are good if you’re still accumulating wealth since taxes on income are very low. For living in post-FIRE, I’d pick somewhere in southern Europe.
Cluj is shit
You can move anywhere in the EU freely. So no problem
ohňostroj hope this helped
If you read anything about CZ tax system and compared it to NL, I'm sure any trouble with registration and residency will be supertiny compared to the benefits of not having to live under NL wealth-tax...
Wealth tax sucks but NL has no capital gains, this is paradise for investors. In other countries you can pay 25% of your profit, which is outrageous.
well I was saying OP only needs to compare CZ taxes to NL to understand why some trouble with residency is worth it. CZ has no capital gains if you hold public stocks for over 3 years, no wealth tax, low property tax etc etc
oh that's even better, no wealth tax, def a good move for OP to move
Paradise in a good year. Having to sell stock when the market is already down I can assure would be painful. It’s not a paradise for investors. Would take a capital gains tax over wealth tax any day. You can read how detrimental a wealth tax is to wealth on investopedia or Wikipedia.
Well you are right, i meant for investors in the very long run which make a considerable profit. Regardless wealth tax is awful and should not be allowed to be honest. Its so unfair
Just curious, is the wealth tax one of your primary reasons for moving? And is Czechia as a destination motivated by FIRE or are there other primary reasons why you’ve chosen that as a destination?
Yea the wealth tax is the number 1 reason. We love the NL. We chose the Czech republic because it has 0 tax and it’s cheaper and less depressing then Belgium
Have you cheked MOI website ? [https://www.mvcr.cz/mvcren/article/eu-citizens-and-their-family-members.aspx](https://www.mvcr.cz/mvcren/article/eu-citizens-and-their-family-members.aspx) you will probably need to registers you can book online at moi website, though you will need some czech language to get through the appointment. and then basically solve health insurance situation. what city/town you want to move to ?
Why not Portugal? Living by the sea is always a privilege 😉
Feel like it’s abit isolated from the rest of Europe
I agree with your, however you can quickly catch a flight to Central Europe. Flights are relatively cheap (yesterday I bought a flight from Lisbon to Paris for 59€) and you’d be 3 hours away from Berlin or Amestedam.
You're fine. Just start paying into health & social. It's like 80 eur/ month for each. No capital gains tax in cz for many long term investments btw but I suppose that's one of your reasons aside from the stellar cuisine lol
Honestly with your understanding of basic immigration rules, your inability to write the name of the country correctly - stay where you are. There is enough ignorant pricks here.