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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 A foreign direct investment (FDI) is an ownership stake in a company, made by a foreign investor, company, or government from another country. More specifically, it describes a controlling ownership an asset in one country by an entity based i ...
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 The European Structural and Investment Funds (ESI Funds, ESIFs) are financial tools governed by a common rulebook, set up to implement the regional policy of the European Union, as well as the structural policy pillars of the Common Agricultura ...
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 has as of 2010 attracted foreign direct investment worth more than US$25 billion. According to the
World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...
, CzechInvest runs the best web pages among all investment promotion agencies of the world.


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


See also

* CzechStartups.org *
Economy of the Czech Republic The economy of the Czech Republic is a developed export-oriented social market economy based in services, manufacturing, and innovation that maintains a high-income welfare state and the European social model.Christian Aspalter, Kim Jinsoo, P ...
*
Foreign relations of the Czech Republic The Czech Republic is a Central European country, a member of the European Union, the Organisation for Economic Co-operation and Development (OECD), Organization for Security and Co-operation in Europe (OSCE), the North Atlantic Treaty Organizat ...


References


External links


CzechInvest
official site {{DEFAULTSORT:CzechInvest Economy of the Czech Republic Foreign relations of the Czech Republic Investment promotion agencies