Prague
Czechia · Central Europe · Europe
Prague pairs storybook Gothic-and-baroque streetscapes with a thoroughly modern, affordable nomad infrastructure: dense coworking, ubiquitous cafes, and one of Europe's safest big-city feels. Living costs sit well below Western Europe while quality of life, public transit, and walkability rival far pricier capitals. Its central position makes it a superb springboard for weekend trips across the Schengen zone by train.
Wealth migration
Inflowing+300Prague is a quiet low-tax EU safe haven pulling a modest stream of CEE and crypto wealth, not a top-tier magnet.
Tax regime
Flat-ish 23% top rate + capital-gains exemption on long-held securities
No special non-dom/lump-sum regime, but securities held >3yrs are CGT-exempt and the CZK 40M annual cap was abolished from 2026: very favourable for investment wealth.
Golden / investor visa
Long-term residence permit for the purpose of investment
from $3,300,000
Not a true golden visa: requires ~CZK 75M investment AND creation of 20+ jobs; 2-year renewable permit, no fast-track citizenship.
Official source →Why the wealthy are moving, 2025-26
- EU/Schengen safe-haven appeal with a low-tax edge: top personal rate only 23%, far below most of Western Europe, attracting CEE and post-Soviet wealth into Prague
- Capital-gains exemption on securities/shares held over 3 years, with the CZK 40M annual exemption cap abolished from 1 Jan 2026, making Czechia one of the EU's most tax-friendly places for investment profits
- Crypto profits tax-free if held 3+ years (confirmed Feb 2025), drawing crypto-rich entrepreneurs and family offices to Prague
- Prague's relative affordability, safety and central-European location vs. Vienna/Zurich, plus a growing tech/startup ecosystem channeling new-money founders
- Steady but small net HNWI inflow per Henley 2024/2025 reports; Czechia is a secondary destination, not a top-10 magnet like the UAE, US or Italy
More of Prague
Monthly cost breakdown
$1,800solo nomad · mid-rangeClimate
ContinentalPros
- Very low crime and high day/night safety
- Excellent value vs Western Europe
- Highly walkable with superb cheap public transit
- Central EU base with easy Schengen travel
Cons
- Long, grey, cold winters
- Rents rising fast and competitive market
- Czech language and bureaucracy can be tough for non-EU residents
Where nomads stay
Leafy, upscale, cafe-dense and the classic expat/nomad favorite
Bohemian, bar-packed and cheaper, with a young creative crowd
Revitalized riverside district, modern offices, startups and brunch spots
Quiet, residential and well-connected, popular with families and academics
Coworking
- Impact Hub Prague
- Opero
- WorkLounge
- Locus Workspace
Annual events
- Signal Festival (light art)October
- Prague Spring International Music FestivalMay
- Prague PrideAugust
