The Czech Republic is a Central European country, a member of the European Union since 2004. The Czech Republic is a developed high-income economy, one of the most stable and prosperous of the former Eastern Bloc countries.
The Czech Republic has developed, high-income economy. Main industries of the Czech Republic are production of motor vehicles, metallurgy, machinery and equipment, glass, armaments. Germany is the largest trading partner of the Czech Republic for both export and import.
The Czech Republic signed 85 double taxation agreements.
Czech Republic signed the automatic information exchange agreement on 29 October 2014 and committed to start the automatic information exchange in September 2017.
Czech Republic has FATCA agreement with the U.S. in effect since 04 August 2014 (Intergovernmental Agreement Model 1).
Czech banking sector is characterized by relatively small size and high concentration. The banking sector is dominated by banks with foreign capital (mainly from Austria, Italy, France and Belgium). Most of the banks operating in the Czech Republic are universal banks providing products and services in retail and business banking.
