Market profile
Doing business
It is recommended that you conduct regular rounds of face to face meetings, and to maintain frequent telephone, fax and email contact in between visits.
More information on doing business in Czech Republic
- ECONOMIC CLIMATE
Since abandoning communism in 1989, the Czech Republic has made significant economic progress and the country now has a solid market economy.
» read more at DFAT
- POLITICAL CLIMATE
The Czech Republic is a pluralist, multi-party parliamentary representative democracy with the Prime Minister as Head of Government.
» read more at DFAT
- TRADE RELATIONS
Australia has a positive and constructive relationship with the Czech Republic. We are like-minded on many international policy issues and share strong people-to-people links.
» read more at DFAT
Top Business Risks
OECD Guidelines for Multinational Enterprises
Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government. For more information, go to the AusNCP website.
Bilateral agreements
Australia has social security agreements with several countries that address the issue of 'double super coverage' for employees sent to work overseas. To take advantage of these agreements, Australian employers sending employees overseas to work must apply to the Tax Office for a Certificate of coverage.
For more details, please visit the Australian Taxation Office website.