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Why Czech
Republic?
The Czech Republic is one of the most successful CEE
countries in terms of attracting foreign direct investment. Over
173,000 Czech firms across all sectors are now supported by foreign
capital.
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The Czech Republic is fortunate
to be located very close to the Europe’s industrial backbone. This
area is considered the best choice for investments in transport and
logistics because of its perfect location with regard to consumption
and production zones. This, together with its EU membership, makes
the country a perfect gateway to the single European market of 502
million consumers (Source: Eurostat, January 1, 2011). |
The Czech Republic is ranked
among the world's most advanced countries in terms of
transport-network density. Regulatory and patent environment in
accordance with EU standards Foreign legal entities are allowed to
conduct trade activities, including acquisition of real estate,
under the same conditions and to the same extent as Czech
entrepreneurs. They may become founders or co-founders of a company,
or may join an existing Czech company. Foreign companies may operate
in the Czech Republic, either by establishing a branch office
registered in the Czech Republic or by establishing a Czech company.
Incentives From Czech Government
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Investment incentives are
available at present not only to investors launching or expanding
production, but also to technological centers and strategic service
centers. This is so thanks to the amended Act No. 72/2000 on
investment incentives which came into force on July 12, 2012. |
Investors in the processing industry, strategic services and
technological centres (existing investors and new entrants alike)
can enjoy income tax abatement for ten years, instead of the
previous five. The availability of financial support for creating
new jobs and for training and re-training remains unchanged, and the
same applies to the investment incentive in the form of transferring
the ownership of land and the related infrastructure at an
advantageous price.
EU Funds
Start ups or companies looking for expansion eligible for EU
structural funds & various other incentives.
It will be possible for applicants to use financial resources from
these programmes for co-financing business projects in the
manufacturing industry and related services. Funding will derive in
part from EU structural funds (85%) and in part from the state
budget (15%). From the Operational Programme Enterprise and
Innovation, funding will be paid out in the form of non-returnable
subsidies, preferential loans and guarantees. Eligible projects are
those that are implemented on the territory of the Czech Republic
outside the capital city of Prague |
