Prague

Figures are planning estimates for one person, reviewed June 2026. Run your own numbers in the cost calculator.

Major expat-friendly banks include Fio Banka (free account, excellent online banking, some English support), Raiffeisenbank (premium service, investment products, English-speaking staff), ČSOB (largest branch network, mortgage products), and Komerční banka (good for businesses). Account opening requires: passport, visa/residence permit, proof of address (rental contract), and sometimes proof of income. Process takes 1-2 weeks. Many expats also use Wise or Revolut as primary accounts for international transfers and daily spending.

Errors in tax filing can result in significant penalties. Flat 15% income tax rate on income up to approximately CZK 1,935,552 annually (about €80,000). Income above this threshold is taxed at 23%. Social insurance contributions are mandatory at approximately 29.2% for self-employed (minimum base applies). Health insurance is an additional 13.5% of the assessment base. The tax year follows the calendar year with filing due by April 1. Self-employed individuals on the Živnostenský list can use a simplified flat-rate expense deduction of 40-60% depending on activity type, which significantly reduces the effective tax rate.

Full expat tax guide →

Important: Visa regulations change frequently. Always verify current requirements with the official embassy or consulate before making plans. This guide provides general information as of 2026. EU citizens have full freedom of movement. Non-EU nationals typically need a long-term visa or employee card. The Živnostenský list (trade license) is the most common route for freelancers and remote workers — it's not technically a digital nomad visa but covers self-employed remote work. Application requires a Czech address, criminal record check, and proof of qualifications. Processing takes 1-3 months at the Ministry of Industry. Renewal is straightforward after the first year.

Compare visa options → · Nomad visa guide →

Understanding the healthcare system is crucial for any expat — it affects your daily peace of mind, your budget, and your visa eligibility. Here's a comprehensive guide based on real advisory experience. Public healthcare through VZP (General Health Insurance Company) or six other insurers. All employed and self-employed residents must contribute. Quality is generally good in Prague — major hospitals include Motol University Hospital, Na Homolce, and the General University Hospital. Waiting times for specialists can be 2-4 weeks. Many expats supplement with private insurance from providers like Uniqa or Maxima for faster access and English-speaking doctors. Dental and vision are partially covered. Emergency care is provided to everyone regardless of insurance status.

• Very affordable vs Western Europe — rent 40-60% cheaper than Berlin or Amsterdam
• Central European location — weekend trips to Berlin (4hr), Vienna (4hr), Munich (5hr)
• Beautiful medieval and Art Nouveau architecture — one of Europe's best-preserved cities
• Large English-speaking expat community of 50,000+, especially in Vinohrady and Karlín

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