Foreign investors who are interested in the business environment in Czech Republic
should know that the country has a very stable economy, which offers a set of advantages to both local and foreign investors.
Entrepreneurs who want to expand their business activity in Czech Republic must know that the local workforce available here is educated and trained in accordance to the needs and shifts of the market. A significant part of the workforce in Czech Republic is highly qualified in science and engineering, sectors with an important influence on the local economy.
The latest Eurobarometer research revealed that approximate 80% of the local workforce
is fluent in several European languages, predominantly in English and German; our Czech company formation specialists
can provide you with further information on the attributes of the local workforce
Highly skilled labor force in the Czech Republic
At the level of 2015, the population in Czech Republic accounted for 10.5 million, out of which 5.3 million is represented by the workforce. In the fourth quarter of 2014, the employment rate increased by 1.2% and most of the new jobs were created in the manufacturing sector and public services sector.
The workforce in Czech Republic is highly developed in important economic areas of the country, such as:
• Central Bohemia;
• South Bohemia.
These areas have the lowest unemployment rates and they are responsible for the highest number of job availability, as many local and foreign entrepreneurs set up their companies here; our Czech company formation agents
can provide you with further information on the employment levels.
The Organization of Economic Cooperation and Development (OECD) revealed that Czech Republic is one of the states with the highest rate of students in the field of science and technology.
Interested in the services of our accountants in Czech Republic
? You can get in touch with us and find out what are the necessary procedures for the good functioning of the company from a financial point of view. In addition to audits, bookkeeping, and payroll, our certified accountants can offer investment consultancy, as well as complete financial reports for those interested. Registration for the payment of taxes is also under the attention of our specialists, so do not hesitate to contact us.
The labor force in Czech Republic is concentrated in several main economic sectors:
• the industrial sector employs approximately 37% of the total workforce;
• the service sector employs 60% of the Czech workforce.
The main industries in Czech Republic are: machinery, motor vehicles, metallurgy, electronics, brewing and pharmaceuticals.