Why Czechia

Location in the heart of Europe

Location in the heart of Europe

Basic information about the Czech Republic

  • The Czech Republic has three regions: Bohemia, Moravia and Silesia
  • A working population of about 5.3 million
  • The overall population of 10.6 million people
  • Since 2004, a member of the EU
  • Since 1999, a member of the NATO
  • Since 2007, a member of the Schengen space

Highly skilled and affordable workforce

Highly skilled and affordable workforce

  • Education – The Czech Republic has 6 technical universities and another 9 universities with at least one technical faculty
  • Around 80 000 graduates every year. Prague itself has more than 30 000 graduates every year
  • Languages – around 40 % of the population speaks English, 35 % speaks German
  • Average salary around 29 000 CZK (1 115 €). The average salary in the capital is around 37 000 CZK (1450 €)
  • Unemployment under 4 %. The lowest in the EU

Exeptional quality of life

Expectional quality of life

  • Czech Republic ranked the 4th best country for expats in 2016 and the 12th in 2017 – HSBC Expat Explorer Survey
  • Sustainable Cities Mobility Index 2017: Czech Rapublic ranked on the 5th position
  • Blobal Peace Index: Czech Republic ranked as the 6th best country
  • Inclusive development Index by World Economic Forum: Czech Republic ranked 15th
  • World Happiness Report: Czech Republic ranked 23rd out of 155 of countries
  • Global Innovation Index 2017: Czech Republic ranked as no. 24 out of 127 countries
  • Global competitivness Index Ranking: Czech Republic ranked as the best CEE country on the 31st place 

Investment Incentives

Investment incentives

  • Covering up to 25% of cost associated with investment projects. Czech Republic offers this to both new and existing investors. Aid is provided mainly from the national investment incentives scheme
  • Job-creation grants Tax incentives is the financial support for creation of new jobs EUR 3,700 – 11,100 per new job.
  • Financial support for training and retraining of new employees (up to 50% of eligible training costs).
  • Full corporate tax relief for up to ten years for new companies, partial for existing ones.

Leader in several technological sectors

Leader in several technological sectors

  • Automotive – With 1.3 million vehicles produced annually, the Czech Republic has maintained its supreme position as the largest producer in Central and Eastern Europe.
  • Aerospace – Prague, the capital of the Czech Republic, is home to the headquarters of the European Global Navigation Satellite Systems Agency.
  • Business support services – The Czech Republic is one of the world´s most attractive location for shared business support services in financial, accounting, IT and customer support.
  • Energy and the environment – The Czech Republic offers abundant opportunities for investors in the design, manufacture and delivery of new technologies for environmental protection and energy savings.
  • Advanced engineering – The Czech Republic is home to world-class mechanical engineers. From 80 to 90 % of the sector’s output is exported
  • Information and communication technologies – The Czech Republic represents one of Europe’s top locations for ICT investments, outsourcing and offshoring IT-related services.
  • Life sciences – Viread, a successful antiviral drug for the treatment of HIV/ AIDS was developed at the Czech Academy of Science’s Institute of Organic Chemistry and Biochemistry.
  • Nanotechnologies and materials – The Czech Republic is proud of its network of collaborating business companies which has emerged around top research institutions.

Thriving start-up ecosystem

Thriving start-up ecosystem

  • The Czech Republic is a country with a strong industrial sector whose economy has been advancing by leaps and bounds since 2008. In recent years the central government has been making an effort to encourage businesses in new technologies and has begun to value the generations of excellent and reputable young Czechs who wish to join the labour market.
  • Entrepreneurs and startups can utilize a network of investors and business angels which can provide the necessary development framework for new start-ups.
  • There are also technology giants operating in the Czech Republic which are involved in most start-up initiatives.

Centre of Innovation

Centre of Innovation

During the period 2007-2013,  the Czech Republic built eight large infrastructure facilities in the category of European Centres of Excellence and forty regional R&D centres. The European Centres of Excellence focus mainly on international collaboration and contribution to applied results. The regional centres are also conducting exceptional research with a strong connection to the application sphere and thus help to strengthen the competitiveness of their respective regions.

  • 48 Research and Development Parks including 8 Centres of Excellence.
  • Many big companies have their research centres here:
    • Siemens (R&D Research Centre), Bosh (R&D Research Centre), GE Aviation (R&D Centre for engines), Microsoft (R&D Centre for Skype)
  • ICT is one of the Czech Government’s designated priority sectors and substantial investments in ICT infrastructure are anticipated.
  • Several of the leading sub-sectors are security and cybersecurity areas. As an example of companies, that are world leaders, we can name Avast and AVG antivirus companies.