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Czech Republic

The ISO code of Czech Republic is CZ according to the ISO 3166 standard. The local name of the country is Ceska Republika. Czech Republic capital city is Prague. People in Czech Republic speak the Czech language. In the year 870, Czech Republic emerged as a sovereign political entity. The largest city in Czech Republic is Prague.

Czech Republic is located in the UTC +01:00 time zone, which is also called Central European Time or CET. The internet country code top-level domain (ccTLD) for Czech Republic is .cz. Other domains assigned to Czech Republic are .eu. The domain name .eu is available for use by organizations in and residents of European Union member-states. The International dialing code for Czech Republic is 420. People in Czech Republic drive on the right side of the road. Total land area of Czech Republic is 78,867 km² (approx. 30,451 mi²). Czech Republic is a landlocked country.

A view in Czech Republic

Czech Republic is located in Europe. Czech Republic is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.

Currently Czech Republic faces various issues, including air and water pollution in areas of northwest Bohemia and in northern Moravia around Ostrava present health risks, acid rain damaging forests, efforts to bring industry up to EU code should improve domestic pollution.

Doing business in Czech Republic

We offer various corporate services in Czech Republic jurisdiction. These services can serve both, people coming from Czech Republic and foreigners. If you plan on doing business in Czech Republic you might be interested in contacting us.

To find out about starting your business in Czech Republic click on company formation in Czech Republic.

To find out how to open a bank account in Czech Republic and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Czech Republic.

Choose preferred service below or continue reading to find out more about Czech Republic.

Company formation Bank account (Corporate)Available banks Bank account (Private)

Demographics of Czech Republic

The total population of Czech Republic is 10,625,250 people. In Czech Republic, the population density is 133 people per square kilometer (346 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is diverse according to a fractionalization scale which for Czech Republic is 0.3222. Czech Republic has approximately 405093 foreign immigrants. The median age is approximately 40.9 years. In Czech Republic, 75 in every 100 people use internet. Czech Republic has a Human Development Index (HDI) of 0.861.

The majority religion of Czech Republic is Christianity, Czech Republic is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Czech Republic.

Culture of Czech Republic

People in Czech Republic speak the Czech language. According to data on inbound tourists in Czech Republic, 9,004,000 tourists arrive in the country each year. The first McDonalds in Czech Republic was opened on 20 March 1992, and it was located in Vodičkova street, Prague. One of the most popular national dishes of Czech Republic is vepřo knedlo zelo. To read more click on culture of Czech Republic.

Geography of Czech Republic

Czech Republic is considered to be a large nation because of its total area. Its total land area is 78,867 km² (approx. 30,451 mi²). Czech Republic is located in Europe. Its capital city is Prague. Czech Republic has 4 neighbouring countries. Its neighbours include Austria, Germany, Poland, and Slovakia. Total length of land borders of Czech Republic is 2143 kilometers (~827 miles).

The highest point of Czech Republic is Sněžka, with its official height being 1602 m (5,256 ft). Including land mass and EEZ, the total area of Czech Republic is approximately 78,867 km² (~30,451 mi²). The most notable natural resources found in Czech Republic are hard coal, soft coal, kaolin, clay, graphite, timber, arable land.To read more click on geography of Czech Republic.

Economy of Czech Republic

The currency of the country is Czech koruna. The symbol used for this currency is Kč, and it is abbreviated as CZK. 2.4% of population in the country are unemployed. The total number of unemployed people in Czech Republic is 255,006. Each year, Czech Republic exports around $161.4 billion and imports roughly $143.4 billion. The Gini Index of the country is 24.9. Czech Republic has a Human Development Index (HDI) of 0.861.The Global Peace Index (GPI) for Czech Republic is 1.341. Czech Republic has a government debt of 37.02% of the country's Gross Domestic Product (GDP), as assessed in 2014. Czech Republic is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are motor vehicles, metallurgy, machinery and equipment, glass, armaments.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Czech Republic is $315,864 billion. Each year, consumers spend around $96,360 million. The ratio of consumer spending to GDP in Czech Republic is 0%, and the ratio of consumer spending to the world consumer market is 0.2778. The corporate tax in Czech Republic is set at 19%. Personal income tax ranges from 15% to 22%, depending on your specific situation and income level. VAT in Czech Republic is 21%. To read more click on economy of Czech Republic.

Infrastructure of Czech Republic

Infrastructure quality in Czech Republic is rated to be at 3.29. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.

In Czech Republic, 100% of the population has access to electricity. There are 4,148,000 internet hosts in Czech Republic. Czech Republic has 128 airports nationwide.

The logistics performance index of Czech Republic is 3.49. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.

Tracking possibilities for shipments are rated at 3.56. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.

The number of road motor vehicles per 1000 inhabitants in Czech Republic is 230. To read more click on infrastructure of Czech Republic.

Politics of Czech Republic

Czech Republic, is a unitary parliamentary constitutional republic. With regard to political and civil freedoms, Czech Republic is 1. Citizens in Czech Republic experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Miloš Zeman.

According to the World Bank Group, the government effectiveness index of Czech Republic is 1.02. This indicates that the government of Czech Republic is effective. Citizens enjoy well-organized public and civil services, and government efficiency is high. While some services may be lacking in certain areas, the overall environment fostered by government legislation is favorable.In Czech Republic, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for Czech Republic is 1.341. The strength of legal rights index for Czech Republic is 7. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. Czech Republic is a member of the United Nations (UN). On 19 January 1993, it joined the UN as a full member state. Czech Republic is a member of the European Union (EU). On 19 January 1993, it joined the EU as a full member state. Czech Republic is a member of the World Bank. To read more click on politics of Czech Republic.

Environment of Czech Republic

Czech Republic emits 10.4 metric tons per capita of CO2. 26000 km² of Czech Republic's territory is covered in forests. and forest land comprises 33% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Czech Republic is 230. To read more click on environment of Czech Republic.

Company formation in Czech Republic

The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Czech Republic.

When establishing a company in Czech Republic, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Czech Republic that will affect the establishment and growth of one's business. Contact us or click on company formation in Czech Republic to read additional information when setting up a business.

Bank account opening in Czech Republic

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Czech Republic. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.

When considering opening a bank account in Czech Republic, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Czech Republic or contact us.