Private equity and venture capital: investment fund structures in the Czech Republic
A working private equity and venture capital market (PE/VC market) stimulates the business environment in a positive manner and impacts the level of economic growth of national economies. A study of the Austrian Private Equity and Venture Capital Organisation/AVCO (2004, p. 6) defines prerequisites...
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| Format: | Article |
| Language: | English |
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Mendel University Press
2011-01-01
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| Series: | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
| Subjects: | |
| Online Access: | https://acta.mendelu.cz/59/7/0541/ |
| _version_ | 1818853934084653056 |
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| author | Marek Zinecker |
| author_facet | Marek Zinecker |
| author_sort | Marek Zinecker |
| collection | DOAJ |
| description | A working private equity and venture capital market (PE/VC market) stimulates the business environment in a positive manner and impacts the level of economic growth of national economies. A study of the Austrian Private Equity and Venture Capital Organisation/AVCO (2004, p. 6) defines prerequisites for a correct operation of the PE/VC market. It views the legislative provision for suitable legal fund structures for PE/VC investments and their tax treatment as a key factor. In its publication, Private Equity & Venture Capital in the Czech Republic (2010, p. 14), the Czech Venture Capital Association/CVCA stresses that legal barriers are an important reason behind the limited scope of resources available to domestic PE/VC funds. Legal barriers prevent the establishment of a standard PE/VC fund in the territory of the Czech Republic, which fact in turn has a negative impact on the level of development of the domestic PE/VC market (fundraising, investment volumes, establishment of the infrastructure required for the operation of PE/VC funds). The purpose of this article is, based on an analysis of the relevant information sources, to assess how the current Czech legislation regulates the legal fund structures for PE/VC investments and their tax treatment. Proposals for a potential improvement of the situation are based on a comparison of the legislative framework applicable in the Czech Republic and the requirements defined by the European Venture Capital Association/EVCA, as well as the AVCO study (2004, 2006). |
| first_indexed | 2024-12-19T07:44:42Z |
| format | Article |
| id | doaj.art-1be12bc1f4624f67994b161e71033336 |
| institution | Directory Open Access Journal |
| issn | 1211-8516 2464-8310 |
| language | English |
| last_indexed | 2024-12-19T07:44:42Z |
| publishDate | 2011-01-01 |
| publisher | Mendel University Press |
| record_format | Article |
| series | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
| spelling | doaj.art-1be12bc1f4624f67994b161e710333362022-12-21T20:30:22ZengMendel University PressActa Universitatis Agriculturae et Silviculturae Mendelianae Brunensis1211-85162464-83102011-01-0159754155210.11118/actaun201159070541Private equity and venture capital: investment fund structures in the Czech RepublicMarek Zinecker0Ústav financí, Fakulta podnikatelská, Vysoké učení technické v Brně, Kolejní 4, 612 00 Brno, Česká republikaA working private equity and venture capital market (PE/VC market) stimulates the business environment in a positive manner and impacts the level of economic growth of national economies. A study of the Austrian Private Equity and Venture Capital Organisation/AVCO (2004, p. 6) defines prerequisites for a correct operation of the PE/VC market. It views the legislative provision for suitable legal fund structures for PE/VC investments and their tax treatment as a key factor. In its publication, Private Equity & Venture Capital in the Czech Republic (2010, p. 14), the Czech Venture Capital Association/CVCA stresses that legal barriers are an important reason behind the limited scope of resources available to domestic PE/VC funds. Legal barriers prevent the establishment of a standard PE/VC fund in the territory of the Czech Republic, which fact in turn has a negative impact on the level of development of the domestic PE/VC market (fundraising, investment volumes, establishment of the infrastructure required for the operation of PE/VC funds). The purpose of this article is, based on an analysis of the relevant information sources, to assess how the current Czech legislation regulates the legal fund structures for PE/VC investments and their tax treatment. Proposals for a potential improvement of the situation are based on a comparison of the legislative framework applicable in the Czech Republic and the requirements defined by the European Venture Capital Association/EVCA, as well as the AVCO study (2004, 2006).https://acta.mendelu.cz/59/7/0541/private equityventure capitaltax and legal environmentprivate equity and venture capital fund structures |
| spellingShingle | Marek Zinecker Private equity and venture capital: investment fund structures in the Czech Republic Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis private equity venture capital tax and legal environment private equity and venture capital fund structures |
| title | Private equity and venture capital: investment fund structures in the Czech Republic |
| title_full | Private equity and venture capital: investment fund structures in the Czech Republic |
| title_fullStr | Private equity and venture capital: investment fund structures in the Czech Republic |
| title_full_unstemmed | Private equity and venture capital: investment fund structures in the Czech Republic |
| title_short | Private equity and venture capital: investment fund structures in the Czech Republic |
| title_sort | private equity and venture capital investment fund structures in the czech republic |
| topic | private equity venture capital tax and legal environment private equity and venture capital fund structures |
| url | https://acta.mendelu.cz/59/7/0541/ |
| work_keys_str_mv | AT marekzinecker privateequityandventurecapitalinvestmentfundstructuresintheczechrepublic |