Investment incentives may be granted to both new and existing companies and to both Czech and foreign investors. Manufacturing companies can receive full or partial corporate tax relief for up to five years, together with support for the creation of new jobs and retraining of employees.

Subsidies for strategic service and technological centres are also available. These cover activities such as group headquarters, call centres and R&D centres. These subsidies are granted in cash, i.e. are direct payments to the investor rather than tax reductions.

Enterprises could ask also for subsidies granted from EU funds.

KPMG Czech Republic has been closely involved in the development of the investment incentives scheme from the beginning. We have provided services to approximately 40 per cent of the investors that have received investment incentives.

In particular, we provide the following services:

Assistance with the preparation of investment incentive applications

Structuring of the investment

Optimising the utilisation of investment incentives

Assistance with fulfilment of incentive conditions

Continuous monitoring or regular reviews of the fulfilment of the conditions

Corporate tax compliance for companies claiming investment incentives

Compliance with EU State Aid rules

Assistance with applications for EU funds