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Czech Republic

Company Formation and Related Services

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Buying a European shelf company with VAT number

Whenever you need to start doing business immediately in a European country and you need a company with a VAT number, you don’t have to wait for the bureaucratic procedures.

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Partner Law Firms

We encourage you to contact our partner law firms in Bucharest: Rolegal and E&C, both part of our legal network.

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Tax Minimization Structures

BridgeWest is specialized in special corporate structures designed for tax minimization. No matter where you want to incorporate your company, you will need to consider how you can legally minimize costs.

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Nominee Director in the Czech Republic

January 28, 2013, 6:42 am
BridgeWest

 In certain situations, the interests of an individual must be hidden from the public and third parties so it’s important to appoint another person as company administrator. This person is named “jednatel” in the Czech Republic and has the role of renting his name as a replacement for the name of the beneficial owner from the company’s documents.

Spolenost s ruením omezeným(limited liability companies) and Akciová spolenost(joint stock companies) must be managed by at least one director. This director can be replaced by the nominee director appointed by the beneficial owners in the company’s articles of association.

Usually the term of nominee director is appointing an individual with limited rights and duties in a company, but the Czech legislation is not allowing the limitation of rights and responsibilities of the company’s representatives. The person appointed as nominee director must be a trustworthy person as all the major strategies of the company are authorized by it.

If the appointment is still desired, the powers of the nominee directors can be limited by the articles of incorporation but since there are many Anti Money Laundering laws, it’s very hard to find nominee directors that are not actually acting for the company.

The term of nominee director is denotes a person with the same responsibilities as a traditional director such as the convening of general meeting of the shareholders, proceed with the company registration in the specific registers and authorities, the obligations of keeping statements of accounts and books, declaring all the necessary information the Czech authorities (regarding him and the company), manage the company’s bank accounts, conclude new contracts, give his support in the process of company’s liquidation or transformation.

The main reason why appointing a nominee director can be advantageous for a company is the fact that is granting a high degree of confidentiality and it’s also making more accessible for the company to beneficiate from the tax exemptions granted by the double tax treaties signed by Denmark all over the years, which stipulates that it’s necessary to have Danish management and control in order to claim the benefits of the treaties.


The above characteristic are making the procedure of  appointment of nominee directors not very popular in the Czech Republic, however BridgeWest can offer in certain cases nominee directors in the Czech Republic depending on certain specifics of your business in the country.

Please contact us for more information.




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Company Formation in Czech Republic

Prague

BridgeWest offers company incorporation services in the Czech Republic. Our services include:

- drawing up the articles of association that can be signed through power of attorney (Czech laws require powers of attorney for any public ... [More]

Lawyers in Czech Republic

Prague

BridgeWest provides a wide range of legal services in Czech through our affiliated Czech lawyers and Law Firms in Prague and other major cities in Czech. We are mainly specialized in the main aspects of Czech Commercial Law, including Company Form ... [More]