Are you looking to find a job abroad? How does the Czech Republic sound to you? A country that is thriving, especially since the increase in multinationals emigrating there to work for a living, the quality of live is high and the people are friendly. You are guaranteed a great time in the Czech Republic as the have the Czech's are known to be the #1 consumer of beer in the world and have great outdoor activities so you'll be fit as a fiddle in no time.
In the Czech Republic you will be required to pay tax on your income, for social security and for health insurance, this is all to ensure a good standard of living, so who could argue with that.
The rates you would be looking at are:
- Income Tax (flat rate) - 15%
- Social Security - 6.5%
- Health Insurance - 4.5%
Banking Your Hard Earned Koruna:
Now you are going to wondering how to set up your very own back account, a place to save your well earned Koruna after working hard. Setting up a bank account in the Czech Republic is quite simple really. You will need 2 forms of identification and a small deposit:
- Another form of identification such as your driving license, birth cert, insurance card etc.
- A deposit between 200 - 2000 Czk will be asked for, this is NOT a bank fee, just a sum of money to have in your account once it is opened.
Note: Some Czech banks may also ask for proof of address so just keep that in mind.
For you we have made a list of the most commonly used banks in the Czech Republic, here you can research which bank is better suited for you.
So you've researched taxes and banking, whats left? Oh yes looking for a home. Well we've done some of the hard work for you, we've checked out the acerage monthly price range of renting apartments in the Czech Republic to give u an idea of what you might be paying.
Average Price Range per Month:
1 Bed Apartment (City Centre): 7,000-14,000 CZK
1 Bed Apartment (Outside City Centre): 6,000 - 10,000 CZK
3 Bed Apartment (City Centre): 11,000 - 25,000 CZK
3 Bed Apartment (Outside City Centre): 9,000 - 17,000 CZK
Like many places when renting you may need put down a security deposit and your first months rent to secure your place. Of course as a new arrival to this wonderful land we would recommend looking to rent a room in a shared flat, this is easier and more cost effective until you find your feet.
Once you've sorted out where it is you want to live , these links should help you out. Happy hunting!
Seeing is Believing:
Get a glimpse of what could be on your daily route to work.
Pssst don't forget we also have a German website - take a look & let us know what you think