Czech Republic: Tax-Efficient Sectors
Tax-Privileged Business Sectors
Foreign companies investing in the Czech Republic are protected by the Multilateral Investment Guarantee Agency, an organisation for the protection of investments. The organisation aims to promote and encourage investment. Double taxation treaties are also in force with some countries. Certain business sectors receive support via business support centres set up by the Czech government. These centres offer support in particular to shared service centres and high-tech repair centres.
Grants are available where new jobs are created in specific areas – up to EUR2,000 per new employee. Support is also available for training and re-training, up to 45% of the total cost of training.
Eligibility for tax relief and grants is dependent on the amount of initial investment made, which must be long-term commitments.