Press: number of self-employment licences up

19-04-2012

The number of self-employment licences reached nearly two million by the end of March, up by over 40,000 compared to the same month last year, the news website tyden.cz reported quoting data from the Labour and Social Affairs Ministry. In 2012, some 11,500 new licences were issued by the authorities. Analyst stay the steady rise in the number of the self-employed is caused by lower tax rates compared to those of employees; also, many Czechs take out self-employment licences as a security provision in case they their jobs but are unlikely to actually start a business.