Advantages of investing in the Czech Republic

The incentive scheme for attracting capital to the Czech Republic was established to ensure that foreign and domestic investors operated under the same conditions. Initially, the industrial sector was primarily supported, and in 2002, support was also extended to investments in strategic service and technology centers based on programs of the Ministry of Industry and Trade.

CzechInvest is the organization responsible for implementing incentives for foreign investment and offers maximum support to this initiative.

Investment incentives in the country also apply to companies that expand or modernize existing facilities. According to the Coface Ibérica report and the conditions set by CzechInvest, the minimum investment to qualify for these incentives is €5,1 million in areas with high unemployment rates. Furthermore, companies investing in the strategic and technological services sector in the Czech Republic benefit from expanded government incentives if they make a minimum investment of €1,5 million. They are also required to create 50 new jobs within three years and achieve at least 50% of their revenue generated abroad.

Access to land and real estate ownership remains prohibited for foreign individuals (except in cases of inheritance). This access is not limited solely to companies incorporated under Czech law: agencies and branches of foreign companies established in the Czech Republic are now also authorized to acquire real estate and land, with the exception of agricultural and forest land.