Investors who want to open a company in Czech Republic expressed a higher demand for industrial land plots at the level of 2017. CzechInvest, the state agency for investments, received in 2017 a total number of 216 enquiries related to properties in Czech Republic.
Developers operating in Czech Republic declared that they would prefer building more skyscrapers in this country, especially in Prague, the capital city of the country. They consider that this option would be the most suitable for the size of the city and its increasing population, as it can have positive effects on the maintainance of the city and it would also lower the costs of transportation. The companies operating in the real estate sector in Czech Republic are interested in building tall buildings for both commercial and residential purposes. Our team of consultants in company formation in Czech Republic can advise on the regulations addressing to the real estate sector.
Investment incentives are awarded in order to assist the needs of a company operating in Czech Republic, in order to ease its development on the local market. In 2017, CzechInvest, the Investment and Business Development Agency, received 83 applications for investment incentives, accounting for CZK 51 billion. Both Czech companies and foreign businesses applied for investment incentives and, through these investments, these companies will be able to create 7,884 new jobs on the local market. Our team of specialists in company formation in Czech Republic can assist foreign investors with advice on the available incentives provided by the local authorities.
A leading industry suitable for investments in Czech Republic is the aerospace sector. With a long tradition in the field of aerospace, Czech Republic provides reliable products and a high level of innovation. Businessmen who want to open a company in Czech Republic in the aerospace sector must know that all types of specific activities are available here and that the authorities have implemented numerous programs related to reseach and development (R&D) in the field. Our team of specialists in company registration in Czech Republic can offer advice on the special incorporation rules available for the aerospace industry.
Under the Geography of Europe’s Brain Business Jobs study, the capital city of the Czech Republic, Prague, ranked as the third European city on the concentration of jobs for persons with a high level of skills. This is an important aspect for the investors who want to open a company in the Czech Republic, as the company’s personnel is one of the most important assets for developing a successful business. Our team of agents in company registration in Czech Republic can offer in-depth assistance on the regulations referring to employment in this country.
The e-commerce sector is increasing in Czech Republic, a similar trend which can be observed in other European jurisdictions. The value of the sales performed by the e-shops operating in Czech Republic will reach CZK 100 billion, marking a new record in this sense. Those who want to open a company in the Czech Republic in this sector will need to set up a website that will incorporate a sale platform. Our team of specialists in company formation in Czech Republic can assist on the requirements for setting up an online business.
The Comprehensive Economic and Trade Agreement (CETA) became applicable starting with 21st of September, 2017. CETA eliminates most of the taxes applicable to companies incorporated in the European Union (EU), including Czech Republic, which will operate on the Canadian market. Investors interested in opening a company in Czech Republic will directly benefit from the provisions established under the CETA ageement, which eliminated 98% of the tariffs usually imposed to EU companies. Our team of agents in company registration in Czech Republic can further detail the provisions stipulated under the CETA agreement.
Czech Republic has the largest lithium reserve discovered in Europe and this metal is highly used in a wide range of modern electronics. Thus, more and more foreign companies have shown their interest in mining this resource, generally used for batteries in electronic devices (and vehicles). Investors who want to open a company in Czech Republic should know that the lithium reserve is situated near the Cinovec village, a region which has long mining tradition, dating back to the 14th century. Our team of company formation agents in Czech Republic can offer in-depth assistance on the main regulations regarding mining activies.
Situated in the center of Europe, Czech Republic is an attractive investment destination, due to its political stability and rapid economic increase following its accession as a member of the European Union. Businessmen who want to open a company in Czech Republic will benefit from the stable investment climate available here, which can also be seen in the solid rankings offered by prestigious international rating agencies. Our team of company formation agents in Czech Republic can offer assistance on this subject.
The information and communication technology (ICT) represents, at the moment, one of the top investment priorities of investors across the world, as it is one of the most demanded fields for various markets. In this sense, Czech Republic provides numerous investment opportunities, being one of the top locations in Europe for ICT business purposes. Investors who want to open a company in Czech Republic in the ICT sector are required to obtain a set of business licenses, depending on their specific activities. Our team of company formation representatives in Czech Republic can offer more details on such permits.
The Czech meat production increased in the fourth quarter (Q4) of 2016. At the level Q4 2016, the total production of meat accounted for 114,347 tonnes. The most notable increases were registered in the case of beef meat (increase of 1.6%) and for poultry meat (increase of 5.9%) in the last quarter of 2016. Businessmen who are interested in company formation in Czech Republic in this industry will need to obtain special business permits and licenses for the production and the distribution of such products. Our team of company formation representatives in Czech Republic can offer an in-depth presentation on the main regulations related to the production of meat.
The Czech public budget increased to a record value in 2016, which represented the highest value ever recorded since 1993. The budget surplus of the Czech Republic was situated in 2016 at CZK 61.8 billion. It is also important to know that the current situation represents the first time since 1995 when the state revenues are higher than the expenditures. Businessmen interested in opening a company in Czech Republic can find out more on the legislative system available here from our team of company formation representatives.
Czech Republic offers many business opportunities for both foreign investors interested in setting up a company in this country, as well as for foreign workforce searching for employment here. The Czech government has recently announced that the foreign workers employed in the country will have better employment conditions, in the sense that they will be able to work here for a longer period of time, without the need to extend the visas which allow them to live in the Czech Republic. Our team of company formation specialists can provide more details on the employment legislation available for foreign employees.
Cyber-security is a matter that should concern any businessman with a company in Czech Republic. In the past decade, the online presence of traditional businesses increased rapidly, due to the fact that this environment can provide more business opportunities. Protecting the assets of a company operating in the online environment is a necessary course of action and, in this sense, we mention that the Czech Republic is making progress to provide this type of security, as it will build a cyber- security centre. Our team of company formation representatives in Czech Republic can offer more details on the cyber-security law applicable here.
Investors operating on the real estate market can find several business opportunities in this field in Czech Republic, as a consequence of the fact that the persons living in this country are more and more interested in purchasing real estate properties. This trend is also available for the commercial real estate sector and those who want to register a company in Czech Republic in this field should know that the local banks have also observed this interest in the real estate market and thus, are preparing larger lending portfolios. Businessmen interested in finding out more details on the real estate legislation can address to our team of specialists in company formation in Czech Republic.
Investors operating in the computer industry should know that Czech Republic developed a project, called the Industry 4.0, which promotes the technical progress in the field. German businessmen might be interested in this project, as recently, the representatives of the two states met to discuss on cooperation aspects referring to Industry 4.0. Those who want to register a company related to this sector should obtain several business permits and licenses and our team of company incorporation representatives in Czech Republic can offer assistance for any matter that refers to company formation in this state.
One of the top industries in Czech Republic refers to the automotive field, which provides many business opportunities to various types of businessmen. The car production in Czech Republic is 107,5 vehicles at 1,000 inhabitants, which means that the country has one of the strongest representations amongst the top countries in the field of automotive production. Investors should also know that Czech Republic is the 15th country in the world in terms of passenger car producers. Those who want to open a company in the automotive industry can receive assistance on the incorporation procedures and on the business licences available for this field from our team of company incorporation representatives in Czech Republic.
A foreign investor who wants to register a company in the Czech Republic is not required to be present in front of the local authorities, at the Trade Register, notary and so on. He/she may use a power of attorney in order to empower a person to take care of all the steps for company formation in Czech Republic.
The landscape of the Czech agriculture suffered important changes after the accession of the country in the European Union’s (EU) area. One of the main advantages available for local and foreign investors carrying operations in the field of agriculture refers to the grants and incentives available for this domain, under the EU policies. Foreign investors who want to open a company in Czech Republic in the agriculture domain should know that the state benefited from a generous sum of CZK 38 billion per year (during 2012-2014), which had positive effects on the local economy; our team of Czech company incorporation representatives can offer assistance on this matter.
Both natural persons and legal entities interested in the purchasing a property in Czech Republic should know that the mortgages rates have been lowered. In June 2016, the mortgages rates reached a record low value, of only 1,87%. The rates provided by banks in the first months of the year developed the real estate market, as many persons and legal entities were attracted by the favourable lending conditions. Businessmen interested in buying a property in Czech Republic can address to our team of Czech company formation consultants, who can offer an in-depth presentation on the legal framework applicable in the field.