Basic information about the Czechia
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- Czechia 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
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Exceptional quality of life
- Czechia ranked the 4th best country for expats in 2016 and the 12th in 2017 – HSBC Expat Explorer Survey
- Sustainable Cities Mobility Index 2017: Czechia ranked on the 5th position
- Blobal Peace Index: Czechia ranked as the 6th best country
- Inclusive development Index by World Economic Forum: Czechia ranked 15th
- World Happiness Report: Czechia ranked 23rd out of 155 of countries
- Global Innovation Index 2017: Czechia ranked as no. 24 out of 127 countries
- Global competitiveness Index Ranking: Czech Republic ranked as the best CEE country on the 31st place
Highly skilled and affordable workforce
- Education – Czechia 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 3 %. The lowest in the EU
Thriving startup ecosystem
- Czechia 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 startups.
- There are also technology giants operating in the Czechia which are involved in most start-up initiatives
Leader in several tech sectors
- With 1.3 million vehicles produced annually, Czechia is the largest producer in Central and Eastern Europe
- Prague is home to the headquarters of the European Global Navigation Satellite Systems Agency
- Czechia is home to world-class mechanical engineers
- Czechia represents one of Europe’s top locations for ICT investments, outsourcing and offshoring IT-related services
- Viread, a successful antiviral drug for the treatment of HIV/ AIDS was developed in the Czechia
- Czechia is a world leader in nanofiber research and production
Investment incentives
- Covering up to 25% of cost associated with investment projects. Czechia 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
Centre of innovation and cyber security
- During the period 2007-2013, Czechia built eight large infrastructure facilities in the category of European Centres of Excellence and forty regional R&D centres
- 48 Research and Development Parks including 8 Centres of Excellence
- Many big companies have their research centres here: Siemens, Bosh, GE Aviation, Microsoft
- 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
CzechInvest – Investment and Business Development Agency
