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Czechinvest Investment Climate in the Czech Republic

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Czechinvest Investment Climate in the Czech Republic CzechInvest Investment and business development agency Investment climate in the Czech Republic Reasons to invest Connect & Support October 28, 2016 www.czechinvest.org 2 I. CzechInvest – core services Connect & Support 3 CzechInvest Investment and business development agency Business and Investment Development Agency CzechInvest, is an agency of the Ministry of Industry and Trade. Established in 1992, the agency contributes to attracting foreign investment and developing domestic companies through its services and development programs. • Our Mission • to support foreign direct investment • to develop local companies • to implement business-development programs • to improve the business environment Source: CzechInvest, 2016 Connect & Support 4 Our services for potential investors • Business intelligence • Consultancy on available financial support for investment projects (investment incentives) • Identification of green/brownfield sites, production facilities and offices • Identification of potential acquisition, joint-venture and supply partners • Tailor-made visits to the Czech Republic • Liaison with government bodies • Aftercare services All CzechInvest’s services are free of charge as part of the Czech government's business support measures Source: CzechInvest, 2016 Connect & Support 5 CzechInvest worldwide Scandinavia [email protected] South Korea [email protected] USA – East Coast [email protected] Germany [email protected] Japan [email protected] USA – West Coast UK & Ireland [email protected] [email protected] China – Shanghai [email protected] Source: CzechInvest, 2016 Connect & Support 6 II. Investment climate in the Czech Republic Connect & Support 7 Czech Republic – heart of Europe • Area: 78,865 km² • Capital city: Prague • Population (2015): 10.5 million • Labour force: 5.3 million • Language: Czech • Currency: Czech Crown (CZK) • Political system: Parliamentary republic (president) • Administrative division: 8 regions NUTS 2 • 14 regions NUTS 3 • Member of organization: EU, NATO, IMF, WB, WTO, OECD, OSCE Source: Czech Statistical Office, 2016 Connect & Support 8 Location and infrastructure • Great geographical location • Great access to both emerging eastern as well as established western markets • Advanced infrastructure – densest railway network in CEE, complementary highways Source: CzechInvest, 2016 Connect & Support 9 Country overview – key indicators 2015 4.5% 332 EUR GDP growth Minimum wages (per month) 0.3% 3.3% Inflation rate Unemployment rate Source: Eurostat, 2016 Connect & Support 10 Sectors of the Czech economy 3% Agriculture 39% Industry Services 58% Source: Czech Statistical Office, 2016 Connect & Support 11 Investment risk rating Czech Republic - the Island of Stability in Europe Country Standard & Poor´s Moody´s analytics Fitch Ratings Czech Republic AA- A1 A+ Slovak Republic A+ A2 A+ Poland BBB+ A2 A- Russia BB+ Ba1 BBB- Bulgaria BB+ Baa2 BBB- Hungary BBB- Ba1 BBB- Romania BBB- Baa3 BBB- Source: Czech National Bank, 2016 Note: Foreign Currency Long Term Sovereign Debt Ratings, 26th September 2016 Connect & Support 12 Main universities 2015/2016 TU Liberec Students: 6,618 UJEP University CZECH REPUBLIC Usti nad Labem Graduates: 1,532 of Hradec Kralove Students: 8,701 Students: 7,200 Students: 326,909 Graduates: 1,744 Graduates: 1,905 Graduates: 82,004 University of Life Charles University Sciences, Prague in Prague University of Pardubice Students: 19,172 Students: 47,010 Students: 8,366 Graduates: 5,487 Graduates: 8,520 Graduates: 1,967 OU Ostrava Students: 9,189 Czech Technical University of Graduates: 2,411 University, Prague Economics, Prague Palacky University ZCU Plzen Students: 20,218 Students: 15,566 Olomouc Students: 11,526 Graduates: 4,643 Graduates: 4,358 Students: 20,897 VSB-TU Ostrava Graduates: 2,903 Graduates: 4,309 Students: 15,815 Graduates: 4,226 VUT Brno Students: 20,741 University of Tomas Bata in Zlin JU Ceske Budejovice Graduates: 5,478 Students: 10,565 Students: 9,427 Graduates: 2,780 Masaryk Graduates: 2,736 University, Brno Students: 32,950 Graduates: 8,375 Source: Ministry of Education, Youth and Sports, 2016 Connect & Support 13 Average annual wages Year 2015, in USD 70 000 58 714 60 000 51 442 49 677 50 000 41 716 40 471 40 000 33 542 29 979 30 000 20 000 13 647 12 773 12 257 10 660 10 000 0 Source: OECD, 2016 Connect & Support 14 12 UNESCO sites in the Czech Republic - places you just have to see! Source Note Connect & Support 15 III. Priority sectors Connect & Support 16 Priority sectors Investment opportunities Aerospace ICT Automotive Life Sciences Business Support Materials and Services Nanotechnologies Energy & Cleantech Electrical Engineering and Electronics Advanced Engineering R&D Source: CzechInvest, 2016 Connect & Support 17 Aerospace • Long history in manufacturing excellence, one of the largest LSA producers in the World • More than 32,000 aircrafts & 37,000 engines delivered • Well-developed supplier base • Aerostructure programs with global market leaders • World class aerospace R&D centres • Modern airport infrastructure and MRO facilities • Compared to Western Europe or the United States the cost per employee is significantly lower, between 40 – 60%, with the same level of expertise. • Czech Republic is an ESA member state and home to GNSS Agency Source: CzechInvest, 2016 Connect & Support 18 Automotive 从布拉格出发 • The Czech Republic has a unique strategic position 400km的半径 • 22 car production sites within 400 km away from Prague • Makes part of the German automotive cluster • More than 5 mil. motor vehicles manufactured there in 2014 300 km • 4.5 mil. cars sold in the region in 2014 Source: CzechInvest, 2016 Connect & Support 19 Advanced engineering • Traditional engineering field • Supported Segments: Power engineering, Transport engineering, Machine tools, Metallurgy, Metal structures and components • Production Base of 6700 companies • Only CEE country that is a member of a prestigious group CECIMO • Regarding production per capita holds 8th place globally and 5th within Europe Source: CzechInvest, 2016 Connect & Support 20 ICT • Cloud computing • Data mining, Image/Voice recognition • Mobile technologies • Smart cities • Industry 4.0 • M2M (machine to machine) communication • Data centre infrastructure • Cyber security • Game development Source: CzechInvest, 2016 Connect & Support 21 Electrical engineering and electronics • Between 1946 – 1989 state owned monopoly • Evenly distributed all around the Czech Republic • More than 30 000 employees at its peak time • Wide range of products (transistors, radios, televisions, military radars) • Several successful and unique products (Tamara radar) Source: CzechInvest, 2016 Connect & Support 22 Life sciences • Vaccine production • Microbial manufacturing of biopharmaceuticals • Generic drug makers • R&D of veterinary products • R&D of antibodies • Production of ELISA kits • Production of medical devices Source: CzechInvest, 2016 Connect & Support 23 Nanotechnology • Nanofibers • Optics & Microscopy • Monocrystalline materials • Electron lithography • Wound healing and tissue regeneration • Nanostructured polymeric materials • Nanoparticles for special purposes Industrial tradition 1949 – First electron microscope into production 2003 – Advanced electrospinning process Source: CzechInvest, 2016 Connect & Support 24 IV. Value added instruments Connect & Support 25 Financial support tools in the Czech Republic • Investment incentives to support companies setting up or expanding technology centres and centres for industrial R&D • Grants from EU and other international sources structural funds supporting the creation or extension of the R&D capacities and supporting innovative projects • Grants from the National Research Agencies • Deduction of R&D costs – Up to 100 / 110 % of the R&D expenses incurred in a given tax year can be deducted from the tax base as a special tax allowance. Source: CzechInvest, 2016 Connect & Support 26 Investment incentives Act on Investment Incentives No. 72/2000 Coll., as amended by the Act No. 84/2015 Coll., valid as of May 1, 2015 Supported activities • Manufacturing Industry • Starting or expanding production facilities • Technology Centres • Building or expanding R&D centres • Business support services centres • Establishment or expansion of shared service centres, SW development centres, high-tech repair centres, data centres and call centres • State aid intensity 25% for large enterprises, except for Prague (0%) Source: Act on Investment Incentives No. 72/2000 Coll Connect & Support 27 Investment incentives • Eligible costs • Long-term assets of which at least half must be new machinery or • 2-years wage costs of employees on newly created positions • For technology centres or business support services centres only • Types of incentives • Corporate income tax relief for max. 10 years • Real estate tax exemption for 5 years, only in Special Industrial Zones • Job creation grants up to 11,100 EUR • Training grants up to 50% of training costs • Cash grant on capital investment up to 10% of eligible investment costs, only in case of strategic investment Source: Act on Investment Incentives No. 72/2000 Coll Connect & Support 28 Sourcing section Supplier support Market screening of suitable suppliers M&A and joint venture platform CzechLink M&A Arrangement of meetings and and provision of Joint Venture assistance Administration of Organization of suppliers sector supplier forums database Source: CzechInvest, 2016 Connect & Support
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