Hluboká nad Vltavou, December 4, 2024 – At the Extraordinary General Meeting of WEDOS Internet, a.s., held on 3 December 2024, the strategic decision to move the company’s headquarters to Luxembourg was unanimously approved. This move will bring significant benefits for the further development of the company on the international market.
Reasons for the Move to Luxembourg
Josef Grill, the founder and chairman of the board, explained the motivations and benefits behind this decision during the meeting. Key factors include:
- Stable Business Environment
The Czech Republic has faced increasing bureaucracy and unclear legislation in recent years. In contrast, Luxembourg offers a predictable and supportive environment for businesses. - Support for Technology Companies
The Luxembourg government actively promotes technology firms, particularly in the field of cybersecurity—a cornerstone of the country’s economy. - Enhanced Credibility
International markets perceive companies headquartered in Western Europe as more stable and trustworthy, facilitating the development of global partnerships.
Implementation of the Move
The relocation will be executed through the establishment of a new parent company, WEDOS Group SA, headquartered in Luxembourg. The current entity, WEDOS Internet, a.s., will become its subsidiary. Shareholders of WEDOS Internet, a.s. will receive twenty shares in the new company for each share they currently hold. This ensures the continuity of ownership rights for all shareholders.
Supporting growth and preparing for international expansion
The relocation aligns with the company’s long-term strategy aimed at:
- Ensuring stable conditions for development and innovation.
- Strengthening its position in international markets.
Transparent process with shareholder engagement
The entire process is being conducted transparently, with full involvement of shareholders. During the general meeting, which was also broadcast online, shareholders had the opportunity to ask questions and receive answers.
“This step is critical for our future. We are securing stability, enhancing our credibility, and creating the conditions for further growth. Luxembourg offers us the support we lack in the Czech Republic.”
Josef Grill, the company’s founder.
Next steps
The share transfer will be completed by December 31, 2024. All shareholders will be kept informed about the progress and details of the transfer.