Binks Overseas

Analyzing variables such as average salaries, freelancer vacancies, and co-working spaces, Prague performed reasonably well on a global scale

Price-comparison site Compare The Market has named Prague the 25th-best city in the world for freelance workers in a widescale study that assessed several variables.

In its methodology, Compare The Market took into account seven factors: average salaries; freelancer-job vacancies; income tax rates; electricity prices; the number of co-working spaces; internet speed; and the amount of Wi-Fi hotspots.

The Czech capital’s relative low cost of living compared to some of its western and northern neighbors, moderate tax rates, strong number of co-working spaces, and high average internet speed put it in the world’s top 25 cities for freelancers.

Earlier this year, a separate study by electronics company Brother UK ranked Olomouc and Pilsen as among Europe’s best cities for remote workers – but notably omitted Prague from the list.

Czechia’s introduction of its so-called digital nomad visa (part of the Digital Nomad Program) last summer will make it much easier for citizens of several countries worldwide to obtain a temporary visa in order to work legally as freelancers in Czechia and gain residency rights.

Are you interested in work as a freelancer? Binks Overseas can assist in the set up, accounting and payroll for Freelancers in most European Countries including Czech Republic.

Please email Jeanette at jeanette.dawes@binksoverseas.com to find out more.