• Czech Business Guide

    A guide providing comprehensive information about investing in the Czech Republic for newly incoming and existing businesses.

    Czech Business Guide
  • Czech Business Guide

    A guide providing comprehensive information about investing in the Czech Republic for newly incoming and existing businesses.

    Czech Business Guide
  • Czech Business Guide

    A guide providing comprehensive information about investing in the Czech Republic for newly incoming and existing businesses.

    Czech Business Guide
  • Czech Business Guide

    A guide providing comprehensive information about investing in the Czech Republic for newly incoming and existing businesses.

    Czech Business Guide

 

#StandWithUkraine

Facts about the Czech Republic

4.8%

GDP growth (1Q/2022)

17.5%

Inflation (07/2022)

3.3%

Unemployment rate (07/2022)

10.5

mil. population

Why Czech Republic?

The Czech Republic is a country in the middle of Europe. It is bordered by Germany to the west, Poland to the north, Slovakia to the east and Austria to the south. Thanks to its location, which makes it a critical gateway between Western and Eastern Europe, the country is often referred to as the “Heart of Europe”.

The country has a constitution according to which it is a parliamentary democracy with a liberal political system based on free competition of political parties and movements.

Global Peace Index

Safety

The Czech Republic ranks 9th safest country in the world.

Quality of Life Index

Living

The Czech Republic ranks 7th in the world according to Expat Insider Survey.

Competitiveness

Competitiveness Index

The Czech Republic ranks as the 34th out of 64 economies in the world.

Location

Central location in Europe

Investment

Safe investment environment

Workforce

Skilled and well-educated workforce

Infrastructure

Most European destinations can be reached within a two-hour flight

Stability

Stable social and political system

Economy

One of the most open economies in the world

Top sectors for investment

 

Automotive

The Czech Republic plays a significant role in automotive industry and is home to three key automobile manufacturers: Škoda Auto, Toyota and Hyundai.

Aerospace

The domestic aerospace segment has been successfully building up its reputation on the global scale since the founding of Czechoslovakia in 1918.

AI & Digital

It is strong inflow of projects with high value added from leading global companies in this area and the local tradition of outstanding technical fields.

Nuclear power and industry

Fulfilling the objective of the National Action Plan will require an investment of at least EUR 23 billion, which is the biggest investment in this country.

How investment incentives work in the Czech Republic?

Investors who place their investments in the Czech Republic can obtain aid in the form of investment incentives, which are provided pursuant to Act No. 210/2019 Coll., on Investment Incentives (valid as of 6 September 2019). Only a legal entity with its registered office in Czechia can be a recipient of investment incentives. For all types of activities, it further applies that the recipient shall not start work on the given project prior to submitting the incentives application to CzechInvest. 

Interesting topics

Benchmarking of the V4

The Visegrad Group (“Visegrad Four” or “V4”) was formed in 1991 with the aim of reflecting the efforts of the countries of the Central European region to work together in a number of fields of common interest within the all-European integration - Czech Republic, Hungary, Poland and Slovakia.

Permitting & Construction

You should know complete approval process before the start of construction and the subsequent inspection process while planning a construction.

Being an employer in Czechia

Skilled and well-educated workforce, favourable labour costs and price stability, high labour market efficiency and digital literacy are typical.