The e-commerce sector in Czech Republic
will account for $2,599 million
at the level of 2018
. This will mark an annual growth rate of 6.1%
compared to the previous year, while the estimates for 2022
are indicating that the e-commerce sector
will reach $3,291 million
. Investors who want to open a company in Czech Republic
in the e-commerce industry
should know that the top sub-sector
is represented by electronics and media products
, a sector accounting for $830 million
. Our team of consultants in company formation in Czech Republic
can assist local and foreign investors in setting up a website
for an e-commerce business
Online shopping in Czech Republic
At the level of 2017, Czech Republic had a total of 4.9 million online shoppers. For 2018, it is estimated that the number of online shoppers will increase to 5.1 million, while by 2020, the market will reach 5.4 million shoppers.
The highest rate of internet users is represented by young persons, with an age between 16-24 years old, accounting for 93% of daily internet logs. The following category is representesed by Czech citizens with an age between 25-34 years old.
• fashion products;
• food and personal care products;
• furniture and appliances;
• toys and hobby products.
Registration requirements for an online Czech business
An e-shop registered in Czech Republic
can be set up by both natural persons and legal entities
. The applicable legislation allows foreign investors to register an e-commerce business
in this country. If the foreign entity is represented by a branch operating in Czech Republic
, it is necessary to obtain a trade license
, issued by the Czech Trade License Office
, a requirement applicable to Czech entities
as well. Our team of specialists in company registration in Czech Republic
can assist foreign businessmen with advice on the licenses
imposed in this case.
Products and services sold through on-line platforms are governed by a consumer contract, which establishes the legal grounds between the operator and the purchaser. As a general rule, a consumer contract should be concluded under the legislation of the country in which the consumer resides, in this case, in Czech Republic.