News and Analysis
To open a company in the Czech Republic will be cheaper
For the foundation of a company in the Czech republic businessmen will now pay only 100 euros.
Czech President Milos Zeman signed today, May 10, an amendment to the law on court fees. Now opening the LLC in the Czech Republic will be easier and cheaper.
Expenses for the opening of the company in the Czech Republic will decrease from the current 11 300 CZK to 100 euros (about 2700 CZK). It was one of the conditions of the European Union to the Czech Republic for future allocation of money from the structural funds and investment funds.
Mortgage rate like never before: 2,02%
At the same time interest of the citizens to the mortgage increased – in February it was issued by 7782 borrowers, which is 1870 people more compared to January. The total volume of loans over the same period rose by CZK 1.87 billion to CZK 14.615 billion. The average size of a mortgage was 1.878 million CZK. According to leading Fincentrum analyst Raydl Joseph, the future of mortgage rates can be affected by the meeting of the National Bank of the Czech Republic, which will take place on March 31 and will focus on Monetary Affairs. With its results banks will understand for how long they will have access tocheap sources that will affect the cost of long-term loans. It should be noted that Hypoindex index reflects the change in size of the average mortgage rate in the Czech Republic, excluding the period of fixation. Fincentrum Company conducts monitoring of this indicator since 2003. During this period, the highest average mortgage rate was registered in August 2008, when it was 5.82%. The lowest (up to the February update) - in June 2015 (2.05%).
Bloomberg: Czech Republic has become a "paradise for investors"
The authoritative American agency Bloomberg called the Czech rrepublic "new haven for investors." The relevant article was published on Thursday, January 28th.
According to the authors, the investment attractiveness of the Czech Republic in recent years has increased to such an extent that today it can compete only Japan, Switzerland, Germany and the Netherlands, which have lower interest rates on their bonds for up to 10 years.