Czech Ministry of Industry and Trade: Lowering investment incentive limits will help small companies.

Published: 17.12.2020 Related countries:  Korea (south) Korea (south)

Czech government lowering investment limits

The government of the Czech Republic has approved lowering investment limits for securing national investment incentives. They will be easier to reach for producers of medical products, protective aids and from the pharmacy sector. This was reported by the Ministry of Industry and Trade of the Czech Republic. The limits are being lowered for all sizes of companies, but primarily for small entrepreneurs. In their case an investment into assets totaling CZK 10m will suffice to receive support for production projects and in the case of technology center projects, CZK 2.5m will be enough. Minister Karel Havlíček (for ANO) stated that the proposal aims assistance more at areas that have proven to be strategic in the current crisis.


Source: ČIANEWS

Prepared by the team of foreign office CzechTrade and CzechInvest Seoul