Doing Business in the Czech Republic - Ernst & Young - Czech Republic

Doing Business in the Czech Republic

Are you seeking new challenges for expanding your operations? The Czech Republic is definitely worth exploring.

Ernst & Young’s Doing business in the Czech Republic is a detailed guide to the Czech business environment. It is designed to help potential investors orientate themselves in the Czech market and seize the opportunities it offers. The guide provides a brief overview of forms of business organization, accounting principles and requirements, taxation, securities markets, foreign exchange controls and investment protection, and selected other legal and real estate matters.

The guide covers the following areas:

Introduction

Establishing a Business Presence

• Overview
• Commercial registration
• Branch
• Joint-stock company
• Limited liability company
• Other types of business entities

Taxation

• The tax system in the Czech Republic
• Corporate income tax
• Personal income tax
• Returns and payments
• Investigation and penalties
• Value added tax (VAT)
• Customs duties
• Other taxes
• Tax treaties
• Tax incentives for foreign investment

Accounting Principles and Requirements

• Accounting and record-keeping
• Financial statements and disclosure requirements
• Consolidated accounts
• Appendix 1: General chart of accounts

Securities Markets

• Markets
• Legislation and regulation

Foreign Exchange Controls and Investment Protection

• Foreign Exchange Act
• Investment Protection

Selected Other Real Estate and Legal Matters

• Employment law
• Competition law
• Real estate

Ernst & Young in the Czech Republic

• Contacts - Ernst & Young