The new investment incentives regulation from July 1, 2014

In 2014 will come into force new legal rules for the award of regional aid. The main change is the limitation of public support for investment incentives issued as of 1 July 2014 to a maximum of 25% of eligible costs. This limitation applies to large companies (as defined by the EU – number of employees more than 250, an annual turnover over 50 Mio. EUR or a balance sheet total over 43 Mio. EUR). If the company plans to take advantage of investment incentives under the current conditions, it is necessary to submit the plan to the “Agency CzechInvest” by February 2014.