The minimum wage and guaranteed salaries in the Czech Republic have been announced and published in the Collection of Laws. The changes will affect additional payments and individual salary levels. The amendment to the Labor Code No. 230/2024 will significantly change the remuneration rules starting in 2025. We have prepared a brief summary of the […]
Many people consider renting out their property an easy way to earn extra income. However, many foreigners are surprised to learn that in the Czech Republic, this business is regulated by strict rules. You will need to address various issues, including filing reports and paying taxes. You can contact 360WEDO specialists for advice on taxation […]
Have you suspended your business license? Ensure that it has not been automatically renewed. When conducting business in the Czech Republic, situations may arise that interfere with your operations. In such cases, you can suspend your business license. However, keep in mind that this can only be done for a specific period. It is possible […]
For any business, it is important not only to find new talented employees but also to retain them. To achieve this, companies implement employee retention strategies, such as providing opportunities for professional growth and development. How have employee retention strategies evolved over time, and which methods are considered the most effective today? Let’s explore this. […]
In 2025, individual entrepreneurs in the Czech Republic will see increases in both the minimum advance payments for social and health insurance and the flat tax rate. So, which option is more advantageous for the self-employed? Key Factors to Consider The choice between a flat tax and fixed expenses largely depends on your expense rate […]
Checks for illegal work in the Czech Republic are now being conducted under new regulations. What are the changes, and what should employers be cautious about in practice? The amendment to the Employment Act No. 408/2023 has changed the definition of illegal work starting in 2024. Sanctions for employers have also been tightened. This represents […]
Remote work, or home office arrangements, has become an increasingly popular form of employment in recent years. This trend was significantly accelerated by the COVID-19 pandemic, which prompted many companies to rethink their working methods and allow employees to work from home. While remote work offers numerous benefits, such as flexibility and time savings on […]
How to Start a Business in Cyprus and Why It’s Beneficial Cyprus, officially known as the Republic of Cyprus, is an island nation situated in the eastern Mediterranean Sea. As a member of the European Union since May 1, 2004, and the Eurozone since 2008, Cyprus offers a favorable tax environment that has earned it […]
Czech banks are opening their doors to aspiring entrepreneurs. If you’re wondering how to start your own business, banks like Česká spořitelna and mBank provide comprehensive support for new ventures. They have developed online resources filled with essential information and practical advice to help you get started, eliminating the need to search multiple sources. You […]
Effective July 1, 2024, all employers in the Czech Republic hiring foreign workers must submit their reports electronically, as paper-based submissions will no longer be accepted. This requirement applies to companies of all sizes and industries. The Ministry of Labor and Social Affairs has introduced this change to streamline the hiring process and ensure compliance […]
Nearly every entrepreneur in the Czech Republic utilizes a car for their business activities. A car can be classified as a business asset if it is used for business purposes. This applies to both individuals and legal entities. Including a car as part of your business assets comes with various accounting, tax, and administrative responsibilities, […]
The status of an identified person in EU countries was created to allow entrepreneurs required to declare tax on related cross-border transactions to avoid immediate full-fledged VAT payer registration. This means that a person identified for tax purposes, unlike a VAT payer, is only required to submit a tax return if they have a tax […]
Are you looking to start a business in Portugal? With its favorable business environment and attractive tax incentives, Portugal has become a popular choice for entrepreneurs and investors. Registering a business in Portugal can be quite straightforward if you follow the right steps or seek professional assistance. Get a free consultation from 360WEDO, and we’ll […]
The Czech government has approved an amendment introducing new obligations for accommodation services. This change will affect all organizations offering accommodation, including hotels, guesthouses, boarding houses, and those renting out properties via Airbnb. These providers must register in the newly created eTurista system and report guest data to the authorities electronically. According to the Ministry […]
