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CzechInvest, formally known as the Business and Investment Development Agency, is a state-contolled organization of the Ministry of Industry and Trade of the Czech Republic. Established in 1992, it plays a crucial role in attracting foreign direct investment and developing local enterprises within the country.
The agency focuses on promoting the Czech Republic as a premier destination for high-tech investments and R&D centers. It provides comprehensive services for investors, including consultancy, mediation of state aid, and identification of suitable business properties. As a government-funded entity, its operations are based entirely in the Czech Republic, serving as a bridge between the state, local businesses, and international investors.
Ownership of CzechInvest remains with the Czech government, ensuring that its strategic goals align with national economic policy. It operates under the jurisdiction of the Ministry of Industry and Trade, making it a key pillar in the country's economic infrastructure and international trade relations.
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