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TelSource
(Český Telekom)
Atlantic West
(Eurotel)
Deutsche Telekom
(T-Mobile)
Telesystem Intl.
Wireless
(Český Mobil)
GTS
UPC
eTel
Tele Danmark
(Contactel)
Telekom Austria
(Czech On Line)
MAJOR INVESTORS – TELECOMS
IBM
Hewlett-Packard
Logica
Oracle
Accenture
Siemens Business
Services
Philips
MAJOR INVESTORS – IT SERVICES
INVESTMENT INCENTIVES
available
IN THE CZECH REPUBLIC
INVESTMENT INCENTIVES AVAILABLEIN THE CZECH REPUBLIC
1. TAX INCENTIVE
(New entities: corporate income tax relief for 10 years)
(Expansion projects: partial corporate income tax relief for 5 years)
2. JOB CREATION GRANTS
(up to $5,000 for every job created)
3. TRAINING AND RETRAINING GRANTS (up to 35 % of all training costs)
4. LOCATION INCENTIVE (provision of low-cost development land)
ACT ON INVESTMENT INCENTIVES No. 453/2001 Coll.
European Union regulations allow maximum public support at 50% of the investment
ELIGIBILITY CRITERIA
1. MANUFACTURING INDUSTRY (HIGH-TECH PRODUCTS OR MACHINERY)
2. ACQUISITION / CONSTRUCTION OF A NEW PLANT, EXPANSION OR MODERNISATION OF AN EXISTING PLANT
3. INVESTMENT OVER CZK 350 mil. (CZK 100 mil. IN REGIONS WITH HIGH UNEMPLOYMENT) WITHIN 3 YEARS
4. CZK 145 mil. (CZK 50 mil.) COVERED BY OWN EQUITY
5. AT LEAST 40% OF TOTAL INVESTMENT MUST BE MADE INTO MACHINERY
6. ENVIRONMENTALLY - FRIENDLY PRODUCTION
European Union regulations allow maximum public support at 50% of the investment
SUPPORT TO BSS & TC
Subsidy to business activity- during a period of max. 10 years- up to 50% of investment expenses
Subsidy for training and retraining- during a period of max. 5 years
Programs for support of BSS and TC include:
BUSINESS SUPPORT SERVICES (BSS)
TARGET OF BSS: Services with high added value - Customer contact centers- Shared services centers- ITC expert solution centers- Software development centers- High-tech repair centers- Design centers
Run by the Ministry of Industry and Trade
(& CzechInvest)
TECHNOLOGY CENTRES (TC)
TARGET: Creation and development of TC Innovation activities in sectors:- Aerospace- Computers and Machinery- Electronics and microelectronics - Telecommunications- Pharmaceuticals
Run by the Ministry of Industry and Trade
(& CzechInvest)
JOB CREATION /JOB CREATION /RE-TRAINING INCENTIVES BY REGIONSRE-TRAINING INCENTIVES BY REGIONS
SM
OV
LN
LBDC
PHRA
KD
TP
JC
PV
CV
CL
MBLT
MOUL
PRPE
PU
PJ
NA
ST
ZR
KO
PM
NB
PI
HB
SU
PB
TU
NJ
OP
SY
RO
AB
BK
BRUO
KV
JN
VS
JE
CRBE
RK
DO
KT
KH
PS
ME
OC
TA
PZ
BN
HK
TC
ZN
JI
BI
CHSO
BMTRJHPT CB
BVCK
KI
KM
UH
FM
VY ZL
HO
Valid for the period: July 1, 2003 – December 31, 2003
GROUP JOB CREATION RE-TRAINING
A 200,000 CZK 35%
B 120,000 CZK 30%
C 80,000 CZK 25%
D 0 CZK 0%
INCENTIVES AND BUSINESS SUPPORT
NATIONAL INVESTMENT
INCENTIVES
MANUFACTURING FIRMS
INVESTMENT OVER CZK 350 mil
OR OVER CZK 100 mil IN SOME
REGIONS
LOCAL INCENTIVES
ALL FIRMS
ANY AMOUNT OF INVESTMENT
JOB CREATION / TRAINING AND
RETRAINING GRANT AVAILABLE
AT LOCAL LABOUR OFFICE
SUPPORT OF SMALL AND
MEDIUM-SIZED ENTERPRISES
COMPANIES WITH LESS THAN
250 EMPLOYEES
COMPANIES WITH LESS THAN
50 EMPLOYEES
DUTY-FREE IMPORT OF
MACHINERY
WAIVER OF CUSTOMS DUTIES ON
IMPORTED MACHINERY
NO VAT DUTIES ON IMPORTED
MACHINERY
Source: CzechInvest, 2002
INVESTMENT INCENTIVES
Investment incentives in the CR have
always been granted in accordance with EU rules on state aid
Investment incentives available in the CR according to
current legislation will be able to continue also after
the CR‘s accession to the EU Euro-amendment of the Investment Incentives Act:
after the CR‘s accession to the EU, the state aid granting power will be transferred from the Antimonopoly Office to the European Comission
