Czech RepublicAccounting and Audit
During April 1998, the Czech government reviewed and approved the country's first formal package of national investment incentives since before 1989.
The major investment rivals Poland and Hungary have had formalised incentive packages in one form or another for some years, but investors into the Czech Republic have previously only been able to negotiate individually for incentives, mainly at a local government level.
Per CzechInvest, the Prague-based national investment promotion agency, the package should enable the Czech Republic to compete on equal terms with countries such as Poland and Hungary for prime mobile direct investment projects, where the investor is looking for a low-cost location with a highly skilled employee base in Europe. It should also be noted, in addition that these incentives are also available to Czech firms, as well as to foreign investors.
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