Czech Government Raises Living Expense Standards: Impact on Residence Permit Renewal
For the fourth time this year, the Czech government is updating the living expense standards due to a sharp rise in inflation, which increased from 2.2% to 9.9% as of July 1, and by September 12, 2022, had reached 17.2%.
This means that for those needing to renew their residence permit after October 1, 2022, they will need to consider that the income amount required for renewal will increase.