Czech business people will want a clear understanding of what is to be dealt with in any meeting. A company profile and product literature should also be available.
It is recommended that companies visit the market regularly for face to face meetings and to maintain frequent telephone and email contact between visits.
Punctuality is very important, if you are late for a meeting call ahead to advise and give as much notice as possible.
Dress is conservative. Most business people will wear suits, although ‘smart-casual’ is becoming more widespread in some industry sectors.
It is usual that company representatives address each other by their surname, until you are invited to use first names. Be sensitive to the fact that the older generation tends to be quite conservative.
Ask if a meeting can be conducted in English and provide an interpreter if necessary, even though English is usually spoken in larger and international companies.
The peak summer holiday months of July and August are difficult to arrange meetings. In addition, many companies shut down over the Christmas and New Year period.
Setting up in Market
The most common market entry strategy for Australian companies is to partner with a local partner or distributor. It is important to note that companies will also need to be actively involved in marketing and promoting their product and visit the market regularly.
Banking and finance
The main banks are:
- Ceska sporitelna
- Komercni Banka
- Reiffeisen bank.
Major credit cards are accepted in the majority of shops in larger cities.
Links and resources
Government, business and trade
Czech Republic Official Website
Czech Statistical Office
Czech Telecommunication Office
Ministry of Finance
Ministry of Foreign Affairs
Ministry of Industry and Trade
News and media
Czech News Agency (CTK) (official news agency)
Please note: This list of websites and resources is not definitive. Inclusion in this list does not imply endorsement by Austrade. The information provided is a guide only. The content is for information and carries no warranty; as such, the addressee must exercise their own discretion in its use. Australia’s anti-bribery laws apply overseas and Austrade will not provide business related services to any party who breaches the law and will report credible evidence of any breach. For further information, please see foreign bribery information and awareness pack.