As one of the most industrialised economies in Central Europe, with a strategic location in the region, the Czech Republic is an attractive destination for international foreign investment – and an increasing number of multinational corporations are choosing to base their European headquarters in Prague.
The automotive industry is the country’s largest sector – and it’s the biggest automobile producer in Central Europe. Prague is the main business hub and has also started to emerge as a centre for technology, home to many tech start-ups.
Doing business in the Czech Republic is relatively easy. It was ranked 27th out of 190 countries in the World Bank’s Ease of Doing Business Survey for 2017 – particular areas of strength included trading across borders and getting electricity.