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Company Formation Czech Republic

Updated on Thursday 17th May 2018

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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 notary proceedings);

- drawing up documents for company incorporation in Czech Republic: specimen signatures, identification papers copies, application form required by the Company Registration Office;

- arranging public notary proceedings (all procedures for company incorporation are done in front of a Czech public notary);

- providing a registered office in the Czech Republic on demand; the registered office serves as headquarters for the company in the Czech Republic and it will be made public;

- setting up a bank account for the company in the Czech Republic; BridgeWest will help you in setting up the share capital bank account, as well as a current bank account once the company is incorporated;

- recommending a Czech accountant, as accounting services are needed for new businesses in Belgium.

BridgeWest provides incorporation for the following types of companies in the Czech Republic:
 

- spolecnost s rucenim omezenym SRO (limited liability company). The Czech limited liability company requires at least one and at most 50 shareholders and a director and it must have a registered office. The minimum share capital must be paid upfront before the incorporation and it is set at 200,000 CZK, if there is only one shareholder. In case there are more shareholders, each shareholder must contribute with 20,000 CZK and at least 30% of the share capital must be paid upon incorporation;

- akciova spolecnost AS (joint stock company partnership). The Czech joint stock company must have at least two shareholders and one director, a management board and a supervisory board. It must also have a registered office. 

The minimum share capital for a joint stock company is 2,000,000 CZK.

- Czech branch, subsidiary or representative office. Foreign companies are allowed to open branch offices or representative offices in the Czech Republic. They can be opened as separate legal entities or extensions of the parent company in the Czech Republic;

According to the Czech laws, the executive of a company must present a criminal record not older than three months, while special requirements are enabled for non-EU citizens wanting to open a company in the Czech Republic.
 

Czech Republic Key Facts


The standard VAT rate in the Czech Republic is 21% and a reduced rate of 15% applies to certain products and services. The corporate tax in the Czech Republic is 19%.

BridgeWest is also able to offer ready-made Czech companies and VAT registration.

Please contact us for more information and prices regarding opening a company in Czech Republic.
 
 

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