Of all the cities in Central Europe, Prague is perhaps the best known to western investors and expats.
The city has been enjoying economic good fortune for several years, largely driven by German investment and the common choice of Prague as the regional headquarters for western business moving into the CEE region.
This influx of western business has led to a sharp demand for western-style levels of choice and service, which MAI Czech has been able to provide in combination with our extensive CEE network. This gives companies access to expertise, contacts and programmes tailored perfectly to suit their growth.
Familiar climate, yet different…
Although the business climate will feel familiar to anyone used to operating in the EU, there are still many local nuances that need to be understood and translated effectively back to the home country.
MAI Czech has been particularly successful in acting as an interlocutor for western companies developing their presence both in the Czech Republic and across the region. This is not just because we speak the language, but are able to understand, explain and navigate through the cultural and legal environment of the Czech Republic.
Companies moving into new markets are sometimes surprised to find that the insurance products they take for granted in their domestic markets are not always available locally and sometimes the scope of cover does not match the level available in their home markets.
In situations like these, or where risks are more complex than they might at first appear, MAI Czech’s ability to access international markets has proved extremely valuable to companies building their presence in the Czech Republic.