EN
The aim of this article is the analysis of Foreign Direct Investment (FDI) theories, whether they include cultural factors as an explanation of this internationalization form. At the beginning FDI is defined, than the authoress overviews FDI theories. It was emphasized that the best analysis of cultural conditions is in the extended version of the international production concept and Uppsala model. Other theories ignore or only indirectly enable to incorporate cultural factors in order to explain FDI phenomena.