Czech Republic is located in Central Europe and surrounded by Germany, Poland, Austria and Slovakia. Divided from the former Czechoslovakia, the parliamentary republic was established in 1993. With 78,886 km², the state has a population of more than 10 millions. The official language is Czech.  The personal income tax rate is ranged from 15% to 32% while the legal entity income tax rate is 24%.

As a landlocked country, Czech Republic is located in the crossroads of trade routes. The state is an European Union (EU) member and its main market is EU countries. The high level of foreign direct investment (FDI) fosters the economic growth of the state. To avoid double taxation, the state has bilateral treaties with over 70 countries. In addition, the relatively low operating costs and well-established legal framework of the state have attracted lots of foreign investments. The Czech Republic was ranked as the 3rd most attractive offshore jurisdiction by Economist Intelligence Unit and the seventh in the aspect of investment attractiveness by Ernst & Young respectively.

Friedberger, Michal