Czech economy

The Czech economy is growing at a higher rate than the EU average. It is a desirable place for investments and business activities. Unmistakable Czech beer, cars and excellent glass products are popular the world over. The success of Czech science is also well-demonstrated, with many patented inventions and discoveries.

Since 1998, when the investment incentive program was launched, the Czech Republic has been a leading country in Central Europe in terms of attracting foreign direct investments (FDI) per capita. During the last 10 years, the Czech Republic has become to be a very attractive destination for many foreign investors. They value the country's steadily growing economy, protection of property and investment incentives.

Investment incentives may be granted to a newly established or existing company, Czech or foreign investors. Production companies may be granted a partial or complete income tax allowances for the period of up to 10 years, together with support for the creation of new jobs and employee re-training.