Založení soukromé základní školy v České republice a v Rakousku

This thesis focuses on a comparison of the legislative and economic conditions for establishing a private primary school in the Czech Republic and Austria, specifically in Prague and Vienna. The thesis aims to evaluate, from the perspective of a rational investor, which of these two options is more economically advantageous and whether such a business venture is worthwhile. The theoretical part of the thesis first describes the legal frameworks and the system of state subsidies in both countries. The practical part then presents two specific business plans – for the “Luňák” school in Prague and the “Taube” school in Vienna. To evaluate these projects, the net present value at a given discount rate is calculated, and sensitivity analysis is also used to assess risks. The results show that the Czech environment is more favourable from a legislative perspective and offers a stable system of state subsidies for teachers’ salaries; however, the project in Prague proved to be relatively risky under the given tuition fees. In contrast, the Austrian model, despite stricter regulation and the absence of state subsidies for non-denominational schools, appears financially stable and profitable due to higher tuition fees.