The Czech Republic is the state with the developed market economy, one of the most valued countries in the world due to the following economic, social and political indicators: VAT, the index of human development, the index of press freedom and the index of Internet freedom from censorship. The Republic is one of the top 30 countries with the highest financial income in the world.
The Czech population is 10.5 million, 1.3 million constantly live in Prague; the Prague agglomeration consists of almost 3 million of inhabitants.
Location
The Czech Republic is situated in the center of Europe and provides citizens with transport access not only to the whole continent, but also to the countries outside of it. The Czech territory is quite small (79 000 km2), therefore, it is comfortable to travel around the country. Although it takes 2 hours to reach any border of Prague by car, there are many internal flights in the Republic.
Transport
The largest airport in the Czech Republic is the Vaclav Havel Airport Prague that got the “Best airport in Central and Eastern Europe” award. The second significant airport is located in the second largest city in the Republic, Brno. It takes only an 1.30’s drive to Vienna airport from it.
Thus, large companies with a registered address in Brno can use either the airport of the Czech capital or the Austrian one. The airport is only 20 minutes away from the center of Prague, within the city borders.
This phenomenon is rare enough for large European cities. The planes here take off and land every 5 minutes, providing connection with the whole world. Flights to most of the important European cities take only one hour. Prague is linked with financial centers of Europe by comfortable modern road arteries.
The road to Dresden takes 2 hours, to Vienna – 4 hours, to Berlin – 5 hours. There is an extremely developed international railway network in the country; internal and international business-class buses run constantly.
Business
The Czech Republic has perfect business relationships not only with adjoining Poland, Germany and Austria, but also, for instance, with attractive for investments China. The high-speed freight rail route China — the Czech Republic opened in 2014 provide merchandise delivery for 14 days, only few countries in the world have such a feature. The Czech Republic is a home for many large companies both local (Kivvi, Bata, Agrofert, Škoda, Avast, ČEZ) and foreign ones (Hyundai, Siemens, Bosch, Panasonic, Amazon). The companies possess the largest office centers, plants and storehouses in Europe. Most of the European call-centers are located in the Czech Republic; many well-known websites along with the technical staff reside in the country. Convenient geographic location, reasonable rent price, taxation and qualified specialists make the Republic one of the most significant places of the European business arena.
Membership in the international organizations
The Czech Republic is a member of the European Union, the European Association of the Free Trade and the Schengen zone. In addition, the Czech Republic is one of the participants in the United Nations, the North Atlantic Alliance, the Organization for Economic Cooperation and Development, the World Trade Organization, the International Monetary Fund, the World Bank, the Council of Europe, the Organization for Security and Cooperation in Europe, the European Customs Union, the Visegrad Group and other international structures.
Czech citizens, residents and guests can freely travel around the Schengen countries.
The membership in different economical organizations guarantees perfect conditions for doing business.
The Czech Republic offers great opportunities to do business due to the reasonable tax system, comfortable bureaucratic system, mental orientation on entrepreneurship and the profitable location.
