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Average yearly wage: €27.000 (650.000 CZK)
Average retirement age: 65
Average weekly working hours: 40 hours
Currency: Czech Koruna (CZK)
Managing your finances in the Czech Republic
Relocating to the Czech Republic as an expat can be a thrilling and enriching experience. This picturesque country boasts a fascinating history, captivating culture, and a vibrant lifestyle. However, navigating the Czech financial landscape as a newcomer may present certain challenges.
At GPI Europe, we understand these challenges and are here to provide expert guidance in managing your finances effectively. Whether you’re planning to work, study, or retire in the Czech Republic, having a well-structured financial plan is crucial to make the most of your time here.
As an expat in the Czech Republic, you will encounter various financial considerations and opportunities. Understanding the pension options, estate planning, and wealth management are vital aspects of securing your financial well-being. Our experienced team of financial advisors is well-versed in the Czech financial market and can provide you with tailored advice to meet your specific needs and objectives.
At GPI Europe, we recognise that each expat’s financial journey is unique. Our personalised approach ensures that we work closely with you to understand your aspirations and financial goals. Whether you need short-term financial solutions or long-term wealth management, we are dedicated to providing you with the knowledge and resources to make informed decisions and thrive financially during your time in the Czech Republic.
Navigating the financial landscape in a foreign country need not be daunting. With GPI Europe as your trusted financial partner, you can embrace the opportunities that the Czech Republic has to offer and embark on a successful and fulfilling financial journey. Let us be your guide to financial security and prosperity as you settle down and make the most of your time in this remarkable nation.
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We will get in touch with you shortly at pochta@mail.comto arrange a convenient time for our face to face online meeting
Face to face financial advice online
Feel free to arrange a free online consultation with our financial adviser, in the comfort of your own home or place of work.
Interesting facts about the Czech Republic
- Historical heritage: the Czech Republic boasts a wealth of historical sites and castles, including the famous Prague Castle, earning it the nickname “the City of a Hundred Spires.”
- Beer paradise: the Czechs are known for their beer, and the country has a long-standing beer culture with a wide variety of local brews.
- Love for music: the Czech Republic has a deep musical heritage, with famous composers like Antonín Dvořák and Bedřich Smetana hailing from the country.
- Skilled glassmaking: the Czech Republic is renowned for its exquisite glassmaking, producing high-quality glass and crystal products.
- Beautiful landscapes: from the Bohemian Forest to the picturesque Moravian vineyards, the Czech Republic offers diverse and stunning natural landscapes.
Top benefits of living in the Czech Republic for expats
1
Affordable living
The cost of living in the Czech Republic is relatively lower compared to other European countries, making it budget-friendly for expats.
2
Excellent healthcare and education
The Czech Republic offers a well-developed healthcare system and quality education, including several universities with English-taught programs.
3
Central European location
The country's central location makes it easy to travel and explore neighboring countries and major European cities.
4
Rich culture and traditions
The Czech Republic's cultural heritage provides expats with numerous festivals, events, and opportunities to immerse themselves in the local traditions.
5
Safe and welcoming environment
The Czech Republic is considered a safe country with a friendly and welcoming atmosphere for foreigners.
Czech cities to move in
Prague
The capital city, Prague, is a vibrant metropolis with a mix of historic charm and modern amenities. It offers a rich cultural scene, a diverse expat community, and many job opportunities. A meal typically ranges from 5 to 8 euros per person, with a glass of house wine costing 2 to 3 euros and an espresso priced at 2.50 euros. The population is around 1.3 million.
Brno
The second-largest city, Brno, is known for its universities, research centers, and a lively student community. It offers a relaxed lifestyle and a more affordable cost of living than Prague. A meal generally costs between 5 and 7 euros per person, with a glass of house wine priced at 2.50 to 3 euros and an espresso at 2 euros. The population is about 380 thousand.
Ostrava
Located in the northeast, Ostrava is an industrial city with a growing cultural scene and a strong sense of community. It offers a lower cost of living compared to larger cities. A meal typically ranges from 5 to 8 euros per person, with a glass of house wine costing 3 to 4 euros and an espresso priced between 2 and 2.50 euros. The population is around 290 thousand.
Plzeň
Known for Pilsner beer, Plzeň offers a rich history, picturesque architecture, and a relaxed lifestyle. It is an excellent choice for those seeking a quieter and more affordable living experience. A meal generally costs between 5 and 7 euros per person, with a glass of house wine priced at 2.50 to 4 euros and an espresso at 2 euros. The population is 175 thousand.
České Budějovice
Situated in Southern Bohemia, České Budějovice offers a peaceful environment, historical landmarks, and access to beautiful natural landscapes. A meal typically ranges from 5 to 9 euros per person, with a glass of house wine priced at 2 to 4 euros and an espresso costing between 1.5 and 2 euros. The population is around 95 thousand.
Liberec
Liberec is a city located in the northern part of the Czech Republic, surrounded by the stunning Jizera Mountains. It is known for its unique blend of urban living and access to outdoor activities. A meal usually costs between 5 and 9 euros per person, with a glass of house wine priced at 2.5 to 4 euros and an espresso at 2.50 euros. The population is about 104 thousand.
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Guide to taxes in the Czech Republic
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