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Company Formation and Related Services
Company Formation in Czech Republic
F.A.Q.
BridgeWest provides company formation in the Czech Republic. Our assistance includes:
> drafting the Articles of Association (necessary for the company incorporation in the Czech Republic);
The Articles of Association of a Czech Republic company can be signed through Power of Attorney (the same applies to Public Notary proceedings, a step required by the Czech Law).
> drafting all other documents required for the incorporation of the Czech Company;
These documents include: Specimen Signatures, Special Forms provided by the Company Registration Office in the Czech Republic, passport copies etc.
> arranging Public Notary procedures (The procedures for incorporating a company in the Czech Republic have to be done through a Czech Public Notary);
> offering a Registered Office in the Czech Republic for your company (if required);
The registered office may be any address where the Czech company declares to have its headquarters. The registered office will be public.
> setting up a bank account for your Czech company.
This refers both to an initial share capital account as well as a current bank account after the company is formed.
> recommending an accountant in the Czech Republic;
Accountancy services are recommended for any new business registration in the Czech Republic.
BridgeWest provides formation of the following types of companies in the Czech Republic:
> Spolecnost s Rucenim Omezenym SRO - limited liability company) This type of Czech company must have at least one shareholder and one director and must maintain a local address (office) and a minimum share capital of 200,000 CZK (approx. EUR 8,000). If there is only one shareholder, the minimum capital must be paid in full upon incorporation.
> Akciova Spolecnost AS - joint stock company partnership) This type of Czech company must have 2 shareholders (minimum) or 1 legal person, a managing board + supervisory council and must maintain a local address and a minumum share capital of 2 million CZK (approx. EUR 80,000)
> Czech Branch, Subsidiary or Representative Office-Any foreign company is able to set up branch entities in the Czech Republic. These can be set up as separate entities from the parent company (Czech companies having the foreign company as shareholder) or extensions of the parent-company in Czech Republic.
Please note that, according to the Czech Law, in order to incorporate a company, the executive must provide a criminal record not older than 3 months. There are some additional requirements in the case of non-EU citizens.
BridgeWest is also able to offer ready-made Czech companies and VAT registration.
Please contact us for more information and prices.
Articles on Company Formation in Czech Republic
a) Czech Limited Liability Company (Spole?nost s ru?ením omezeným) The Limited Liability Company is the most common form of company in the Czech Republic. It offers simpler administration than a Joint Stock Company and one person can be both the sole owner and executive. For a limited ...
The most common business types established on the Czech territory are the limited liability and the joint stock company. In order to function, both company types must obtain a commercial license through the Companies Registrar. Preliminary activities before registering A Czech Limited liability (L ...
The Register Court of the Czech Republic is the institution responsible with company registration, being regulated by the Ministry of Justice of the Czech Republic. Its main attributions revolve around company registration, ensuring every entity is functioning according to law. Also the institution ...
Foreign entrepreneurs may incorporate businesses in the Czech Republic in many ways. Establishing a company, usually limited liability company, may represent the best suited solution for someone who wishes to set up a brand new company. However already established companies may choose to incorporate ...
1. What is the minimum share capital of a Czech s.r.o (Limited Liability Company)? In order for a Czech Limited Liability Company to function legally it must provide at least 7938 EUR as minimum capital. Each member of the new company must make a monetary or non-monetary contribution. The amount of ...
There are various forms to invest in The Czech Republic, but only two ways to establish a company. The first means to start the company from scratch, by providing all the required paperwork, notarize it and submit it to the relevant institutions. The second option implies purchasing a readymade or & ...
1. What is the corporate tax in the Czech Republic? A Czech company has to pay a corporate income tax rate of 19%, with a rate of 5% for pension funds, investment funds and share funds. The corporate tax has to be paid for the worldwide income. 2. What is the VAT in the Czech Republic? The standard ...
Meet us in Prague
Call us now at +44 203 287 0408 to set up an appointment with our lawyers in Prague, Czech Republic. Alternatively you can incorporate your company without traveling to the Czech Republic.
As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in the Czech Republic.