Czech Republic

General Information

    Advantages:

  • Eurozone area

  • Economic stability

  • Simple registration procedure and tools of running a company

  • Skilled and educated workforce

  • Advanced infrastructure and geographical location

 

    Disadvantages:

  • Open public registers (UBOs, directors, shareholders) 

  • Licensing procedures

  • Substance under BEPS

  • It is hard to open a bank account

The Czech Republic is a landlocked country in Central Europe. It borders Germany to the West, Poland to the North, Austria to the South, and Slovakia to the East. It is divided into 14 administrative regions, with Prague as the capital. The official language of the Czech Republic is Czech. Since the Czech Republic is not a member of the Eurozone, its currency is the Czech koruna (CZK). 

 

The Czech Republic is one of the most stable and prosperous countries in Central and Eastern Europe. The Czech Republic is a member of the Organisation for Economic Co-operation and Development, the European Union, and the North Atlantic Treaty Organization. Czech legal system is harmonized with the European Union legislature. 

 

The Czech Republic is an attractive destination for foreign investment since it has an advantageous location in the center of Europe, a relatively low-cost structure, and a well-qualified labor force. It has managed to maintain stable economic growth throughout the past years. 

Legal Information

Tax Information

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