||Foreign Direct Investment (FDI) is one of the most important topics for small open economies such as the Czech Republic. Inward FDI played very important role during the transition and it was probably one of the key factor which helped to succeed. There were several interesting papers written about the impact on the host economy and about the state support for the inflow of FDI. As the Czech economy grows, local market becomes too small for some of the Czech successful companies, which means that that outward FDI and its support from our state are more and more important. In this thesis, we have focused on the development of Czech outward FDI, its key determinants and structure by regions and industries. We have also compared Czech outward foreign direct investment with other countries from CEE region. Last part of the thesis is devoted to the support of Czech outward FDI from the state.