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SPECIALIZED CZECH LAW FIRM IN CONSTRUCTION,
PPP AND LOGISTIC FOR ABROAD INVESTORS
IN CZECH REPUBLIC AND SLOVAKIA
Národní 416/37, Prague 1
www.kgslegal.cz
[email protected]
BUSINESS OPPORTUNITIES IN THE CZECH REPUBLIC
The Czech Republic ranks among countries with a strong
economy and good potential. According to recent data,
industrial production in the Czech Republic has increased by
5.7% year-on-year, and the value of new orders has increased
by 6.6% year-on-year. The employment rate has increased by 2%
and the unemployment rate is currently around 2.5%
The economic situation of the Czech Republic is very good and gi-
ves opportunity to invest in both state and public sectors. State-run
organizations are creditworthy and cooperation with them is sou-
ght-after.
In the area of public investment, there has been an obvious and
long-term effort to open up the market as much as possible and
to allow participation of entities with a registered office or place of
business outside the Czech Republic. The basis of this trend is given
both at the level of the European Union and at the level of national
legislation where it is stipulated mainly by Act No. 134/2016 Sb., on
Public Procurement.
Due to the simplification of participation in the tender procedure
(introduction of a uniform European Certificate, the contracting
authority‘s obligation to accept documents issued under foreign
law), there is no restriction on participation in tenders in the Czech
Republic provided the participant fulfils the conditions of the tender.
The market is open to companies from the whole world.
The participant shall be well acquainted with the legislation to be
able to submit a perfect offer in compliance with any procedure gi-
ven by the contracting authority – especially in the case of above-
-the-threshold public tenders which might be of interest due to their
financial volume (supplies and services with an estimated value of
more than 443,000 EUR or equivalent; construction works with an
estimated value of more than 5.548,000 EUR or equivalent).
Due to the fact that the procedure in above-the-threshold public ten-
ders is relatively rigid, and even the minor non-compliance with the
conditions by the participant may lead to their disqualification, it is
necessary to be familiar with this area or to contact a reliable partner.
To conclude, the Czech market offers many possibilities and is open
to foreign investors. Czech legislation does not impose any signi-
ficant restrictions on participation in public tenders, however, it is
worthwhile to cooperate with a company which is familiar with the
local market, legislation and local customs, and is able to find suitab-
le opportunities.
In the case you are interested in the public tender market in the
Czech Republic and intend to apply for public contracts, if you search
for answers to your questions or for regular monitoring of relevant
opportunities – our company KGS legal s.r.o. as a leading law firm
with a focus on public procurement law is always at disposal for you.