There are lots of advantages of opening a company in the Czech Republic.
- There is no annual toll on the company in the Czech Republic.
- The annual company tax in the country is relatively low compared to other European countries.
- In most cases a local Czech company will be given preference over foreign companies in participation in government tenders.
- Receiving finance from EU funds is possible only for companies registered in one of the EU countries such as the Czech Republic.
- Although the conditions for receiving visas to the Czech Republic have been toughened, the possibility of receiving a business visa is much smoother through a company active in the Czech Republic.
- The financial and accounting procedures are much more convenient when a Czech company is established.
- Employing workers legally in the Czech Republic is only possible through a company registered in the country.
- You can’t set up a Czech legal business without a long-term residential visa, so the only option of setting up a business in the Czech Republic is to set up a company.
- If you want to receive VAT refunds in the Czech Republic on different services or goods that you have purchased for the company’s activity, this is possible only through a company registered in the country.
- The cost of setting up a Czech LLC (Limited Liability Company) is much lower than in the Western European countries.
- A business that wants to market its products in the Czech Republic should set up a company or a subsidiary company as the Czechs have a clear tendency to do business more with local companies than with foreign ones.