Act No. 72/2000 Coll., on Investment Incentives, valid as of September 6, 2019.
On September 6, 2019, the amended Act on investment incentives came into effect. The main change involves the preferential treatment of projects with higher value added, particularly technology centres, which will newly be able to obtain cash grants for job creation and training and retraining of new employees in all regions of the Czech Republic with the exception of Prague. A further change is the adjustment of eligibility criteria for granting incentives to small and medium-sized enterprises which are reduced by one-half.
It is also necessary to mention the fact that all investment-incentive applications are newly assessed and approved by the government, which particularly take into consideration the given project’s benefits for the region and for the country. This means in practice that all investment-incentive applications must contain a detailed quantification of the anticipated contributions to public budgets and the given investment’s impact on the labour market. In addition to that, applicants must also describe the means by which they intend to incorporate research and development into their activities and collaborate with research institutes and schools, as well as how they will use the potential of local suppliers and contribute to the development of the local infrastructure.
The application for incentives shall be submitted in the Czech language. You can find the application documents here.
In connection with the implementation of the requirements of Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (hereinafter referred to as the “General Data Protection Regulation” or “GDRP”), we would like to make it known that the personal information of applicants are processed in connection with the process of providing support from the state budget and for the purposes of support in connection with the provision of investment incentives. Provision of applicants’ personal data is necessary for compliance with legal requirements and non-provision of such data can have the consequence of making it impossible to obtain funding from such support. For more info click here