CzechInvest

CzechInvest is the Investment and Business Development Agency of the Czech Republic established in 1992 by the Ministry of Industry and Trade. The agency contributes to attracting foreign direct investment and developing domestic companies through its services and development programs. CzechInvest also promotes the Czech Republic abroad and acts as an intermediary between the EU and small and medium-sized enterprises in implementing Structural funds in the Czech Republic.

Mission

CzechInvest's main objective is to advise and support existing and new entrepreneurs and foreign investors in the Czech Republic.

The Czech Republic under the leadership of CzechInvest^[1] has as of 2010 attracted foreign direct investment worth more than US$25 billion. According to the World Bank, CzechInvest runs the best web pages among all investment promotion agencies of the world.^[2]

Activities

CzechInvest is exclusively authorized to file applications for investment incentives at the competent governing bodies and prepares draft offers to grant investment incentives. The agency also administers all of the business related and many of science related Structural funds for the Czech Republic. Its task is also to provide potential investors current data and information on business climate, investment environment and investment opportunities in the Czech Republic.

CzechInvest provides all its services free of charge. Activities include:

full information assistance
tailor-made visits
handling of investment incentives
access to EU structural funds
business properties identification
business infrastructure development
search for potential suppliers/JV/acquisition partners
care for existing investors

Foreign offices

CzechInvest has 9 foreign offices located in:

London, England, for United Kingdom and Ireland
Tokyo, Japan, for Japan
Düsseldorf, Germany, for Germany, Austria and Switzerland
New York City, United States, for East Coast of United States
San Francisco, California, United States, for West Coast United States
Toronto, Canada, for Canada
Seoul, South Korea South Korea, for South Korea
Prague, Czech Republic, for Scandinavia

The agency also has its office in every regional capital of the Czech Republic

References

^ Lezard, Ashleigh. "Enthusiastic approach places Czech agency in pole position". Foreign Direct Investment. Archived from the original (Web article) on 6 August 2007. Retrieved 3 January 2008.
^ "Global Investment Promotion Benchmarking 2009: Summary Report" (Pdf download brochure). World Bank. Retrieved 25 August 2009.

External links

CzechInvest official site

[1] Lezard, Ashleigh. "Enthusiastic approach places Czech agency in pole position". Foreign Direct Investment. Archived from the original (Web article) on 6 August 2007. Retrieved 3 January 2008.

[2] "Global Investment Promotion Benchmarking 2009: Summary Report" (Pdf download brochure). World Bank. Retrieved 25 August 2009.

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