CZECHIA PEO & EOR
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As a Global PEO & EOR service provider, we pride ourselves on our global reach, in-country knowledge, and ability to swiftly and efficiently mobilize workers around the world. Our robust PEO/EOR covers everything from global HR, payroll, compliance, in-country support, immigration, visas, and more.
Get started and hire in Czechia today with Gibson Watts Global.
DID YOU KNOW
- The Czech Republic is an extremely safe country, and is ranked the 7th safest country in the world
- There are more castles in the Czech Republic than in any other European nation. This includes the largest ancient castle, the Prague Castle
- Beer is a huge commodity in Czech Republic, and the nation’s residents are some of the world’s heaviest consumers. Pilsner Urquell, the world’s first pale lager, was brewed in the Czech city of Pilsen in 1942
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CZECHIA PEO Services
A European lifestyle with a much lower cost of living
Czech Republic (also known as Czechia) offers a European lifestyle with a much lower cost of living compared to many of its neighbours. There is plenty to do in Czech Republic, and its culture boasts a vibrant social life, especially in its main cities such as Prague.
These factors are continuously motivating expats and foreign businesses to get established in the Czech market. Fortunately, a Czech Republic PEO partner such as Gibson Watts Global can simplify and expedite the global expansion process. We can assist with every aspect of the global expansion journey and get workers operating in-country in as little as 48 hours.
Working in Czechia
Employment Information
Expats looking to get set up in the Czech market can usually expect good salary and benefits packages in the country. Most expats who enter Czech Republic do so in senior positions, however foreign workers can be found across all stages of a company’s structure.
The Czech Republic’s primary industries are engineering (mostly automotive), chemicals, food, metallurgical, energy and construction.
- Businesses looking to set-up a business in the Czech Republic may operate through a branch office, or by establishing a Czech Company
- Foreigners can conduct trade activities under the same conditions and to the same extent as Czech entrepreneurs
- Foreign businesses can purchase a shelf company (a ready-made company), as a fast route to set up a business in the Czech Republic
- The Ministry of Finance of the Czech Republic is the Accounting Regulatory Body
- As a part of the EU, the Czech Republic follows similar procedures to other EU states, and relocating is simple for EU-based expatriates and businesses
Taxation and Contributions
- The Czech Republic has a flat rate for income tax of 15%. This is calculated from ‘super-gross’ salary, meaning the sum of income, social insurance and health insurance paid by the employer
- There is an additional 7% solidarity tax for any income which exceeds 48x the average wage
- Employees must contribute insurance from the gross salary monthly: 4.5% health insurance and 9% social insurance
- Employers must bear the insurance costs on their employees’ salaries as well: 31.3% social and health insurance
- Residents in the Czech Republic are taxed on their worldwide income. Non-residents are taxed on only their Czech-sourced income
- The corporation tax rate in Czech Republic is 19%
- The capital gains tax rate is 19% of legal entities
- There is a 5% tax on the income of certain investments, mutual funds, or pension funds
Cultural Information
The official language of the Czech Republic is Czech. Czech is spoken by approximately 10.6 million people and resembles similarities to other West Slavic languages such as Polish, Russian, and Croatian. A large percentage of the Czech population can speak English to a certain level, this is estimated to be around 25% of the population.
The Czech Republic is a relatively secular nation, although the biggest religious group are Roman Catholic (around 39% of the population). The Czech Republic has a population of around 10.7 million people.