NEWS
10/5/2019
Investment incentives to change
The draft amendment to the Investment Incentives Act has passed its first reading in the Chamber of Deputies. Under this proposal, an investment incentive could be allocated to investment projects carried out in the processing industry, in technology centres and in centres for strategic services. Based on an analysis of the economic and industrial development in the Czech Republic, the development of the unemployment rate and an evaluation of the investment projects already supported, the Government will issue a regulation to determine the types of investment actions for which it will be possible to provide an investment incentive, with the aim to boost economic development and job creation. The regulation will also specify, inter alia, the minimum value of tangible and intangible fixed assets or the minimum number of jobs to be created, depending on the type of investment project, the region and the size of the beneficiary.
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