The Challenges of the Czech Market

Investment Advice

Poised to enter the EU in the near future, the Czech Republic is one of the fastest growing and strongest economies in Eastern Europe. The highly affordable Czech labor force is well educated, technically advanced and productive, and the government offers key incentives - making the country a very attractive investment opportunity in everything from real estate to manufacturing. (For more information, visit www.czechinvest.org)

The Czech Republic is, however, still an economy in transition, and investors will find this challenging both legally and culturally. Working with a trusted local partner - one that understands both the local situation and the needs and expectations of the foreign investor - becomes critical to the overall success of the venture.

This is where Myall Consulting can be of enormous help assisting with everything from market research studies, to arranging necessary legal work and business registration, property leasing, fit-outs, staff recruitment and training, coaching, and mentoring. And through our partners we offer complete relocation services, helping our clients take care of everything from visa organisation and accommodation to city tours and orientation.

 

Management Consulting

Most SMEs confront a dilemma during their first years of operation. They know a lot about what they want to do, but struggle with all the auxiliary skills needed for business success (financial/accounting, marketing/PR, human resource management, training, etc). In most developed economies it is fairly easy to reach out to specialist service providers that can support SMEs, however in emerging economies such as the Czech Republic, access to professional external assistance needed to complement core competencies is not so easy to find - at least at affordable rates. This is the role Myall Consulting is seeking to fill in the market, with a team experienced in both international and Czech business practices.

 

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