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Establish an e-Commerce Business in Czech Republic
Updated on Sunday 25th March 2018 Rate this article
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The e-commerce sector in Czech Republic will account for $2,599 million at the level of 2018. This will mark an annual growth rate of 6.1% compared to the previous year, while the estimates for 2022 are indicating that the e-commerce sector will reach $3,291 million. Investors who want to open a company in Czech Republic in the e-commerce industry should know that the top sub-sector is represented by electronics and media products, a sector accounting for $830 million. Our team of consultants in company formation in Czech Republic can assist local and foreign investors in setting up a website for an e-commerce business registered here. Online shopping in Czech Republic
At the level of 2017, Czech Republic had a total of 4.9 million online shoppers. For 2018, it is estimated that the number of online shoppers will increase to 5.1 million, while by 2020, the market will reach 5.4 million shoppers.
The highest rate of internet users is represented by young persons, with an age between 16-24 years old, accounting for 93% of daily internet logs. The following category is representesed by Czech citizens with an age between 25-34 years old.
Investors who want to register a company in Czech Republic must know that other leading sub-sectors available for the e-commerce industry are:
• fashion products;
• food and personal care products;
• furniture and appliances;
• toys and hobby products.
Registration requirements for an online Czech business
An e-shop registered in Czech Republic can be set up by both natural persons and legal entities. The applicable legislation allows foreign investors to register an e-commerce business in this country. If the foreign entity is represented by a branch operating in Czech Republic, it is necessary to obtain a trade license, issued by the Czech Trade License Office, a requirement applicable to Czech entities as well. Our team of specialists in company registration in Czech Republic can assist foreign businessmen with advice on the licenses imposed in this case.
Products and services sold through on-line platforms are governed by a consumer contract, which establishes the legal grounds between the operator and the purchaser. As a general rule, a consumer contract should be concluded under the legislation of the country in which the consumer resides, in this case, in Czech Republic.
Businessmen can contact our team in Czech Republic for consultancy services on other registration requirements applicable to an e-commerce business.
Meet us in Brno
Call us at +420 721 565 868 to set up an appointment with our specialists in company formation in Brno. Alternatively you can incorporate your company without traveling to Czech Republic.
As an CorpexLab client, you will benefit from the joint expertize of local experts and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Czech Republic.
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