If you’re thinking of opening an offshore company in the Czech Republic, there are both benefits and drawbacks to consider. This country isn’t a classic offshore jurisdiction and, therefore, is not the most obvious choice for online casinos. Still, it may be a favorable option for online gambling businesses seeking the best ways to enter the European markets.
Since the Czech Republic isn’t a classic offshore territory, all companies including foreign ones are required to pay income tax. The income tax rate is 19%. The tax must be paid either every six months or quarterly and is based on the previous year’s profit.
In addition to the income tax, companies in Czech Republic pay VAT. This applies for businesses having a turnover of CZK 1 million or more.
Offshore companies in the Czech Republic wishing to run online gambling business are required to obtain a license.