Expanding into
the Czech Republic
Global expansion is a step to make for any business, regardless of what you wish to achieve. The opportunities that can come with an expansion can be both incredibly exciting as well as intimidating and confusing, especially when you consider all of the registration procedures that needs to be done and documentation required.
Get the Support You Need
Expanding to countries such as the Czech Republic – which is characterized by a skilled and well-educated workforce, multifaceted employment and tax laws, an extensive infrastructure network linking to the rest of Europe, and leading sectors in agriculture, manufacturing, and services – can bring both excitement to the possibilities, but also significant stress to ensuring the entity with the country’s rigorous legal structures and laws.
Ensuring compliance without the sufficient knowledge of the country’s laws also adds to the stress of getting your new entity off the ground and ready to test new markets. Going at it without the proper support can increase the costs, time and risks involved.
Each new markets bring new challenges, and these can be worked through more efficiently and cost-effectively with the support of an International Professional Employer Organization (PEO) such as Bradford Jacobs, especially through our Employer of Record (EOR) framework.
This can be best utilized when businesses are just beginning their expansion process and require more information before committing to incorporating an entity and fully establishing themselves in that market.
Hiring Staff
in the Czech Republic
The Netherlands can be defined as possessing one of the strongest markets in Europe, with its influence stretching throughout Europe and beyond. The Dutch economy has been highlighted as one of the most competitive in Europe and fourth most competitive in the world according to the World Economic Forum and 2020 IMD rankings, as well as fifth in the 2020 Global Innovations Index.
The Netherlands boasts a prosperous open economy, and is noted for its stable industrial relations, low unemployment and inflation rates, and a highly educated, diverse, and multilingual workforce.
Geographically, the Netherlands is ideally placed in the European continent, with 95% of Europe’s most lucrative markets reached within 24 hours by road from Amsterdam or Rotterdam.
The country also benefits from a strong infrastructure of airports, railways, waterways, and ports that connects the country domestically and internationally. Rotterdam has the largest port in Europe, whilst Amsterdam’s International Airport is one of the largest in the world.
The country has had steady natural gas resources since 1959, upon the discovery of a wellspring – which accounts for more than 25% of all natural gas reserves in the European Union. The sale of natural gas generated a significant amount of revenue over the decades, but there are more sectors that contribute to the country’s resources.
The Netherlands also have their eyes on the future, embracing innovation, sustainability, and digitalization with the EU Innovation Scoreboard (2020) ranking the country as the fourth-best nation for innovators.
The Netherlands is a main gateway to European talent for companies expanding abroad and as a magnet for business ventures from the United States, Australia, China, and India.
In the Czech ‘non-financial business economy’, SMEs play a particularly important role. They account for 56.0% of total value added and 66.4% of employment, very similar to the respective EU averages of 56.4% and 66.6%.
In recent years, Czech SMEs in the ‘non-financial business economy’ have generated steady growth. In 2014-2018, SME value added increased by 32.9%, with micro and small firms experiencing particularly strong growth of 39.3% and 38.7%, respectively.
Annual productivity of Czech SMEs, calculated as value added per person employed, is €24,400, considerably lower than the EU average of €44,600. SMEs in Czechia employ an average of 2.4 people, which is much lower than the EU average of 3.9. The most important SME sectors, both in terms of employment and value added, are manufacturing and wholesale and retail trade.
Taxpayer Identification Number
VAT ID Number (Daňové identifikační číslo – DIČ)
Hiring Staff
in the Czech Republic
The Netherlands can be defined as possessing one of the strongest markets in Europe, with its influence stretching throughout Europe and beyond. The Dutch economy has been highlighted as one of the most competitive in Europe and fourth most competitive in the world according to the World Economic Forum and 2020 IMD rankings, as well as fifth in the 2020 Global Innovations Index.
The Netherlands boasts a prosperous open economy, and is noted for its stable industrial relations, low unemployment and inflation rates, and a highly educated, diverse, and multilingual workforce.
Geographically, the Netherlands is ideally placed in the European continent, with 95% of Europe’s most lucrative markets reached within 24 hours by road from Amsterdam or Rotterdam.
The country also benefits from a strong infrastructure of airports, railways, waterways, and ports that connects the country domestically and internationally. Rotterdam has the largest port in Europe, whilst Amsterdam’s International Airport is one of the largest in the world.
The country has had steady natural gas resources since 1959, upon the discovery of a wellspring – which accounts for more than 25% of all natural gas reserves in the European Union. The sale of natural gas generated a significant amount of revenue over the decades, but there are more sectors that contribute to the country’s resources.
The Netherlands also have their eyes on the future, embracing innovation, sustainability, and digitalization with the EU Innovation Scoreboard (2020) ranking the country as the fourth-best nation for innovators.
The Netherlands is a main gateway to European talent for companies expanding abroad and as a magnet for business ventures from the United States, Australia, China, and India.
In recent years, Czech SMEs in the ‘non-financial business economy’ have generated steady growth. In 2014-2018, SME value added increased by 32.9%, with micro and small firms experiencing particularly strong growth of 39.3% and 38.7%, respectively.
Annual productivity of Czech SMEs, calculated as value added per person employed, is €24,400, considerably lower than the EU average of €44,600. SMEs in Czechia employ an average of 2.4 people, which is much lower than the EU average of 3.9. The most important SME sectors, both in terms of employment and value added, are manufacturing and wholesale and retail trade.
Taxpayer Identification Number
VAT ID Number (Daňové identifikační číslo – DIČ)
The Main Sectors of the Czech Republic Economy
The country focuses on the following key sectors, which all have a significant impact on the country’s economy:
The Main Sectors of the Czech Republic Economy
The country focuses on the following key sectors, which all have a significant impact on the country’s economy:
Commercial Laws in
the Czech Republic
Commercial Laws in
the Czech Republic
