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Company Formation Czech Republic

Company Formation Czech Republic

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Articles

Gambling Activities in the Czech Republic

Updated on Monday 16th May 2016

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Gambling-Activities-in-the-Czech-Republic.jpgInvestors carrying out business activities related to the gambling industry should receive assistance on the gambling legislation applicable in the Czech Republic, in the situation in which they want to establish their business presence here. According to the provisions of the law, gambling activities in the Czech Republic are allowed in the on-line environment, as well as in classical displays. Our team of Czech company formation specialists can provide an insight on the gambling activities in the Czech Republic, as well as on the main rules of law regulating the industry. 
 

Gambling Acts in the Czech Republic 

 
When opening a company in the Czech Republic in the field of gambling, investors should know that they are required to comply with an intricate set of requirements, as prescribed by the legislation in this sense. The gambling activities in Czech Republic are highly regulated, in accordance with the stipulations of the following laws: 
 
The Gaming Act;
The Gaming Tax Act;
The Amendment Act. 
 
All gambling companies in the Czech Republic, regardless of their specific activities are required to obtain business permits, which can only be issued by the Czech Ministry of Finance. In accordance with the characteristics of the company, the Ministry has created five types of business permits. 
 
The gross income deriving from gambling activities is taxed at a rate of 20%; our team of Czech company incorporation agents can provide more details on the taxation level. 
 

Characteristics of the gambling industry in the Czech Republic 

 
It is important to know that the gambling activity in the Czech Republic is rather developed, with a high number of casinos situated in the region of the capital city. Another type of gambling business carried out here is represented by slot machines establishments, which are also very popular. 
 
According to the legislation in the field, gambling companies with operations in the online environment are allowed to perform only sports betting and lottery games, at the concept of online casinos is restricted by the law. 
 
Individuals who need further information on the gambling activities allowed in the Czech Republic can contact our team of Czech company formation representatives for assistance. 
 
 
 

Comments

  • Martin 2016-05-16

    My advice is to receive assistance on the requirements established by the local authorities when opening a gambling business, as there are many stipulations which have to be respected.

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