Czech business solutions
Prague is not only about beautiful old streets, castles, Wenceslas sausage and beer. The financial, corporate, tax system in the CzechRepublic is perfectly balanced. Despite the fact that this location is not considered popular for doing European business, it has all the necessary attributes for this.
The country, located in the heart of Europe, borders on Slovakia, Germany, Poland and Austria. In one day you can hold meetings at Munich, Vienna and Prague, and this is the most effective “European triangle” with a side length of 300 km. Despite the size, the country does not have a dense population. The fifth part of the whole country, about 2 million people, live in Prague. Calm and measured way of life attracts those who like to do Western Europe oriented business with an Eastern European character. Over the last 10-15 years, its balanced migration and educational policy involved a large number of young specialists with good education quality, knowledge of English language, which led to the growth of the SMB within the whole Europe. Corruption in the Czech Republic, in comparison with the other countries of EU, is on an average level, and on the streets of Prague in a crowd, one can meet a president or a prime minister.
The most popular form of ownership for small and medium-sized business in the Czech Republic is s.r.o. Moreover, in spite of the 19% profit tax, working with the fiscal authorities of the Czech Republic is very easy. No additional checks, endless audits or monthly bureaucracy. You can choose a comfortable period of TAX and VAT reporting, and be sure that nobody will bother you. All large network banking structures like Raiffeisen Unicredit Group, Erste Group, KBC Group are present in the country. After the bank scandals with Cyprus and Baltic countries, Czech bankers are very selective working with non-resident partners. A “thoughtful approach” is always preferable to short-term profits, both for the banks themselves and for their customers.
Our team Mayon Solutions successfully works with Czech solutions for our customers. Offering them along with Bulgaria, Slovenia, Malta, Estonia, Germany.