The Czech authorities have attracted European funds with a value of 700 billion crowns in the period between 2007 and 2013. However, the local authorities are aware of the fact that the country can attract even more funding provided by the European Union (EU) and, in this sense, they are trying to implement new strategies for the regional funding programs. Our team of Czech lawyers can provide foreign investors with more details related to legislation applicable for EU funding programs.
Companies in Czech Republic are testing a new electronic cash register system, which will provide reliable information to the state’s authorities in terms of cash transactions completed across the country. The system entered into a one moth trial period and it will become operational from the beginning of December 2016. Persons who want to open a company in Czech Republic will also need to implement the system, which is now tested for the reduction of tax evasion and increasing the real revenues obtained by various businesses. Our team of Czech lawyers can offer more details on the regulations related to the new electronic cash register.