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Czech Republic

Czech Republic Flag

Country: Czech Republic
Region: Europe
Currency: Czech Koruna (CZK) (Kc)
Languages: Czech
Time Zone: UTC +1

Phone Code: +420

Communications: Very Good

Formation Cost: 1700 - 2900 USD$
Formation Time: 7-14 days
Maintenance cost: 700 - 1300 USD$

Executive Summary: Positioned between Germany, Poland, Austria and Slovakia in Central Europe, the Czech Republic is one of the strongest of the emerging Eastern European economies; GDP per capita was USD27,000 in 2012, just below the EU average. There is a highly skilled workforce and the major industries include the automotive industry and the manufacture of machinery and equipment. There are strong ties with Germany, the country’s main import and export partner. The Czech Republic is outside the eurozone (the local currency being the koruna) being the and is likely to remain so for the foreseeable future. The telecommunications infrastructure is good, and the Czech Republic is also well connected to the rest of Europe via air and road. Corporate and personal income tax rates are comparatively low, though VAT is higher than in some other countries. Incentives are available for foreign investors looking to invest in business in the Czech Republic, by way of corporate tax relief and state grants.

Suitable for: Insurance, Shipping, Aviation, Yachting, E-gaming
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Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

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Trading Companies Financial:

 

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Holding Companies:

 

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Vehicle Types: Limited liability companies, joint stock companies, general partnerships, limited partnerships, co-operatives and branches

Capital primary business districts: Prague

Good Relationships: Austria, Australia, Belgium, Bulgaria, Croatia, Cyprus, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, South Africa, Spain, Sweden, United Kingdom

Bad Relationships: Burma, Egypt, Iran, Libya, Somalia, Sudan, Syria

Tax Burden - Business: Light

Tax Burden - Individual: Light

Headline tax rates: CIT 19%, PIT 15%, VAT 20%

Treaty Jurisdictions: Albania, Armenia, Australia, Austria, Azerbaijan, Bahrain, Barbados, Belarus, Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, Canada, China, Croatia, Cyprus, Denmark, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Korea, Democratic People's Republic of, Korea, Republic of, Kuwait, Latvia, Lebanon, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Moldova, Mongolia, Montenegro, Morocco, Netherlands, New Zealand, Nigeria, Norway, Panama, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Syria, Tajikistan, Thailand, Tunisia, Turkey, Ukraine, United Arab Emirates, United Kingdom, United States, Uzbekistan, Venezuela, Vietnam

TIEA Jurisdictions: Andorra, Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Isle of Man, Jersey, Monaco, San Marino, Sint Maarten

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