Ministry of Foreign Affairs of the Czech Republic

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Financial Means

 

 

SCHENGEN VISAS

When you apply for a Schengen visa, you need to prove that you possess sufficient financial means for your stay and return. You can submit a bank statement, paid travel agency invoice, officially verified invitation, international bank card etc.

These are generally required documents. Specific documents proving possession of sufficient financial means (such as bank statements from over the last three months or employment or salary proof) can be requested if agreed by all Schengen Member States locally, based on the harmonized list of supporting documents. You can access information on whether this pertains to you on the website of the European Commission or of the consulate where you will lodge your application.

For a stay of 30 days and less, the applicant is required to possess at least 1,100 CZK* per day (reflecting the existential minimum, which is set at 2,200 CZK per day – half of this amount is required for the visa purposes).

For a stay over 30 days (90 days maximum), the applicant is required to possess at least 15x 2,200 CZK. This amount increases by 2,200 CZK per each full month = 33,000 CZK + 2,200 for each full month.

 

LONG-TERM VISAS AND RESIDENCE PERMITS

When you apply for a long-term visa or a residence permit, you need to prove that you possess sufficient financial means for your stay. You can submit a bank statement showing that the money can be used on the territory of the Czech Republic, salary / wage confirmation (employment agreement can be submitted), stipend confirmation, or international bank card (upon request a bank statement tied to the card).

The applicant is required to possess at least 15x 2,200 CZK*. This amount increases by 2,200 CZK per each full month = 33,000 CZK + 2,200 for each full month.

Applicants for long-term visas for the purpose of entrepreneurship are required to posses at least 15x 2,200 CZK = 110,000 CZK.

For the purposes of studies, applicants can submit for example a written obligation by a state institution / legal person showing that it will arrange accommodation on the territory of the Czech Republic by providing financial means in the amount of 2,200 CZK per month or showing that the school will cover the expenses. If these finances will not cover the entire required sum, students must prove that they possess financial means to cover the difference. Students can also submit a grant gained on the basis of international agreement by which the Czech Republic is bound.

Applicants younger than 18 provide only half of the above mentioned sums.

Additional instructions on substantiating financial means when applying for long-term visas, long-term residence permits or permanent residence permits are accessible on the website of the Ministry of the Interior.

*CZK = Czech Crowns

 

Legal sources:

  • Regulation (EC) No 810/2009 of the European Parliament and of the Council of 13 July 2009 establishing a Community Code on Visas (Visa Code)
  • Act No 326/1999 Coll., on the Residence of Foreign Nationals in the Czech Republic and Amending Certain Acts (available in Czech)
  • Act No 634/2004 Coll., on Administrative Fees (available in Czech)
.