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Czech Republic: new investment incentives



Czech Republic: new investment incentives

The Czech government presented the new guidelines for attracting investments in the country. The new norms do not exclude large foreign firms operating in the Czech Republic from the incentives and establish new ways to facilitate foreign investments. These will concern new strategic manufacturing sector projects with the creation of over 500 new jobs, strategic investments in technological and R&D centres with the creation of at least 100 new jobs, and business support service centres with more than 500 new jobs. The main forms of incentive will be tax breaks regarding firms’ income for 10 years; tax exemptions in the real estate sector for 5 years in some industrial areas; reduced land prices; subsidies aimed at the creation of new jobs, study bursaries for education and professional retraining; cash subsidies of from 5 to 10 per cent on capital investments in the case of strategic projects.

Read more, in Italian.

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