Business- Plan for Emigration to Czech Republic

As in any business, owner of a company solves his own problems and reaches his own aims on the basis of the individual circumstances and available means. We hope that after reading this article you will certainly know which amount of money you need to have for starting new life in Czech. In this article we want to propose you the algorithm of business- plan, possible expenses and the spread of prices for these expenses. The only thing the future emigrant has to do is to use our formulas and to bring its expenses into correspondence with the money he has. By doing this he can forecast his future level of life and understand whether it will satisfy him.

We are going to create a business algorithm of calculating emigratory expenses on the basis of one of the European countries- Czech Republic. ADRISUS’s  specialists for more that 14 years give consultations about emigration to its clients and got great practical experience of solving problems of new emigrants.
Czech Republic is not an emigratory country in its real sense, as we may say about Australia, New Zealand or Canada. If you intend to emigrate to Czech you must register a company that will become a basis of your permanent stay in Czech and getting permanent residence permit after 5 years of having Czech residence permits.

The fact that you are an owner of Czech company gives numerous advantages to you. First of all, you can buy a property in Czech for your company’s needs (as physical person a foreigner do not have right to buy property in Europe). After registering a company and becoming both its owner and president you can use its property for your personal needs.

Secondly, a Czech company has right to give services to other Czech or foreign companies. This means that if an emigrant is an excellent engineer and does not intend to become a businessman he can provide engineering service to other companies.

This is approximate scheme of emigration to Czech that a future emigrant must know to understand his expanses. Now we will try to find out the price of each step to happy future on European land.
The first reservation. If a person think seriously about emigration to Czech and listen to advices of ADRISUS’s specialists he should calculate every step and make strict self-control of his personal expenses: if he intends to spend 500 USD for renting a flat, he must not spend 550 USD; if he intends to buy a flat for 30 000 Euro- he must not buy for 32 000 Euro; if he plans to visit his native land once per year- do not visit it twice even if you really start missing your friends and relatives

The second reservation. When you are planning to make small repairing of a flat, specialists advice you to add to your list of approximate expenses 30 or 40%. Situation is same with emigration: make a strict plan of possible expenses but always have some money for “possible circumstances”.

The third reservation. Before forecasting future expenses please calculate money that you can spend on emigration, you must have more money that emigration costs otherwise your “emigration game” will be lost for you.

Preparatory period
Preparatory period of emigration to any country is legalization. Its price consists of expenses for registering a company and getting business visa. There is no need to be present in the country which you have chosen for emigration during preparatory period.
Transitional Period
The duration of transitional period totally depends on emigrant’s quickness and desire to live as soon as possible in Europe. Some emigrants do everything quickly: they pack their things, sell flats in native land, quit job and move to Czech; some –having residency in passport do not want to move to Europe at once and prefer to wait and think about it seriously.

One should have in mind: slowness in emigration is expensive, when your visa expires you must prolong it. It costs only 30 Euro when you are staying in Czech and 300-400 Euros if you want emigratory company to do that instead of you if you stay outside Czech. Besides you have to receive letters, provide annual reports to governmental authorities. If you live in Czech and do everything by yourself- it will be free for you, and it will cost you about 400 Euro if you want advocates to do it instead of you.

It’s advisable to rent a small flat for beggining and thus to save money.  Approximately one needs 400 Euro for renting 1 room flat in Prague and 300 Euro per month for renting same flat in a small cities of Czech. Expenses for food for one person come for 100-150 Euro monthly. Annual ticket to all kinds of public transport is 30 Euro.

Experts suggest using a simple rule while buying property: choose for a long time- buy at once. You should go to several reality agents and ask them to show many flats or houses of the type you prefer so that you can compare its prices and quality. When you find a flat that you like? buy it at once, good flat are sold at once, and after several days you can find that somebody else already bought it. You can also use internet and compare the price of one square meter of a flat in different districts of Czech Republic.

After solving housing problems many emigrants start looking for a good job. We always advice not to wait till you can find highly-paid job, but to do any work, which can bring you money. After several months of being in Czech you will understand what you really want to do there and will start looking for a new job while doing your main (old) one.
If you are planning to do business in Czech do not start it ay once. Organization of own business needs special knowledge about the country and people, and this requires some time for studying and analyzing.

There is one more thing that demands money- that is studying Czech. As soon as you will learn Czech language and start communicating in it you will be able to find well job and become a full member of Czech society.
Usually it takes 3-6 month to finish transitory period.
Starting New Life

Emigration specialists cant tell for sure the sum of money with which you can start good life in a foreign country. But if you do not have at least 3000 Euro for the first several months of live in Czech do not plan to emigrate. Of course everything depends on a person, his character, quickness of finding a job and good sense of life.

If you are a businessman and planning to do business in Czech please mind that your business may not bring you high profit in Czech. Gaining 20-25% profit means very good business in Czech.

What to do if you do not have big sum of money for emigration? In this case specialists suggest to rent a flat not in Prague but small towns near it, it will take you about 1 hour to get to work by bus but will save you money. Difference in price of one square meter of a flat in the center of Prague and 20 km away from it is really huge.
Your future job will depend much on experience you got in native land. If you know two foreign languages it will be easy for you to get a job with a salary 1200 Euro per month,400 Euro you will spend on renting perfect flat in Prague and 800 will be left for good life in Europe. If you do not know any language and do not have experience in any field of life you can not get high-paid job in Czech, the maximum salary you can get is 25-32000 CZK ( 1000-13 Euro per month), so your life level will be a bit lower than perhaps you expected at least till the time you learn Czech language.

The less money you have the harder adaptation process will be for you. You will not have enough time for communication with Czech friends as you will be busy doing job. It is not a rare case when an emigrant does one job in the morning, then goes to language courses where he studies Czech and then does one more job in the evening. Of course these are temporary difficulties in emigrant’s life, but one should realize them and be ready to cope with them.

The last expense you should plan is spending your free time. You must plan your free time and have a rest, as you are going to live in Czech a whole life and must have power to cope with many difficulties. Even if you have only 25 Euro you may have a trip to mountain regions of Czech.