{"id":3737,"date":"2017-06-23T06:37:53","date_gmt":"2017-06-23T05:37:53","guid":{"rendered":"https:\/\/www.conferencecall.co.uk\/blog\/?p=3737"},"modified":"2017-06-25T18:54:43","modified_gmt":"2017-06-25T17:54:43","slug":"exporting-czech-republic-everything-need-know","status":"publish","type":"post","link":"https:\/\/www.conferencecall.co.uk\/blog\/exporting-czech-republic-everything-need-know\/","title":{"rendered":"Exporting to the Czech Republic &#8211; everything you need to know"},"content":{"rendered":"<p>The Czech Republic is one of the most stable and prosperous markets in central Europe, and with a\u00a0<abbr title=\"Gross Domestic Product\">GDP<\/abbr> growth of 4.2% in the first half of 2015, the Czech Republic is also one of the fastest growing economies in Europe<\/p>\n<p>If you&#8217;re thinking of exporting to the Czech Republic, here&#8217;s all you need to know&#8230;<\/p>\n<p><!--more--><\/p>\n<h2>The pros and cons of exporting to\u00a0the Czech Republic<\/h2>\n<p>There are more\u00a0than 300 British companies currently operating their central and eastern European headquarters from Prague,\u00a0ranging from SMEs to major corporations such as BAE Systems, Marks and Spencer and Rolls Royce.<\/p>\n<p>The strengths of the Czech\u00a0market include:<\/p>\n<ul>\n<li>European Union (<abbr title=\"European Union\">EU<\/abbr>) membership ensures no major constraints to doing business<\/li>\n<li>Some of the best infrastructure in central Europe<\/li>\n<li>\u00a323 billion worth of <abbr title=\"European Union\">EU<\/abbr> structural funds available for 2014 to 2020<\/li>\n<\/ul>\n<p>And if you\u2019re thinking of exporting there, the advantages for UK business, are:<\/p>\n<ul>\n<li>English widely spoken<\/li>\n<li>Business culture similar to the UK<\/li>\n<li>Location gives easy access into <abbr title=\"Central and Eastern Europe\">CEE<\/abbr> and Russian markets<\/li>\n<li>UK products well received<\/li>\n<li>Less than 2 hours flight from UK<\/li>\n<\/ul>\n<p>It\u2019s not without its problems though, notably:<\/p>\n<ul>\n<li>Slow judicial process<\/li>\n<li>Lack of transparency in public procurement<\/li>\n<\/ul>\n<div class=\"call-to-action\">\n<p>The top UK exports to the Czech Republic are:<\/p>\n<ul>\n<li>Electrical, electronic equipment<\/li>\n<li>Nuclear reactors, boilers, machinery, etc<\/li>\n<li>Vehicles other than railway, tramway<\/li>\n<li>Pharmaceuticals<\/li>\n<li>Chemical products<\/li>\n<li>Plastics<\/li>\n<li>Optical, photo, technical, medical, etc apparatus<\/li>\n<li>Articles of apparel and accessories<\/li>\n<li>Articles of iron or steel<\/li>\n<\/ul>\n<\/div>\n<div>If you\u2019re doing business in the Czech Republic, you\u2019ll need a reliable and cost-effective conference call provider to help keep in touch when travelling isn\u2019t an option. Here\u2019s\u00a0<em><a href=\"https:\/\/www.conferencecall.co.uk\/blog\/set-conference-call-czech-republic-uk\/\" target=\"_blank\" rel=\"noopener\">How to set up a conference call between the UK and the Czech Republic<\/a>.<\/em><\/div>\n<div>\n<p>And remember, you can now screen share and video conference, using <a href=\"https:\/\/www.conferencecall.co.uk\/blog\/now-can-screen-share-conference-calls\/\" target=\"_blank\" rel=\"noopener noreferrer\">Crankwheel<\/a>.<\/p>\n<h2>Tax and customs<\/h2>\n<h3>Tax<\/h3>\n<p>A double taxation agreement exists with the Czech Republic, so tax isn\u2019t paid twice \u2013 once in each country \u2013 on exported goods and services.<\/p>\n<p>VAT is known by the acronym, DPH, and the following rates apply:<\/p>\n<ul>\n<li>Standard DPH is charged at 21% and is\u00a0applied to most products and services<\/li>\n<li>Reduced DPH is charged at 15% and only to specific products and services<\/li>\n<li>10% DPH is charged on books and medicines.<\/li>\n<\/ul>\n<p>Excise duties are payable on hydrocarbon fuels, beer, spirits, wine, and tobacco products, and additional environmental taxes apply to gas, electricity and solid fuels.<\/p>\n<p>Personal income tax is charged at a rate of 15%.<\/p>\n<p>Corporation tax is charged at 19%.<\/p>\n<p>The internal EU single market allows for the free movement of goods and services without any import duties being applied, and testing is mandatory for some imported goods, especially technical and electrical equipment.<\/p>\n<p><a href=\"https:\/\/www.conferencecall.co.uk\/conference-call\"><img decoding=\"async\" class=\"alignnone wp-image-1777 size-full\" src=\"https:\/\/www.conferencecall.co.uk\/blog\/wp-content\/uploads\/2015\/05\/conference-call-banner.jpg\" alt=\"\" width=\"600\" height=\"118\" \/><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Czech Republic is one of the most stable and prosperous markets in central Europe, and with a\u00a0GDP growth of 4.2% in the first half of 2015, the Czech Republic<\/p>\n<div class=\"more-link-wrapper\"><a class=\"more-link\" href=\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-czech-republic-everything-need-know\/\">Read More<span class=\"screen-reader-text\">Exporting to the Czech Republic &#8211; everything you need to know<\/span><\/a><\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[22,2,7],"tags":[23,3,24],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exporting to Czech Republic | ConferenceCall.co.uk blog<\/title>\n<meta name=\"description\" content=\"The Czech Republic is one of the most stable and prosperous markets in central Europe. 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