Open Czech Bank Account

Czech companies have the possibility to establish corporate bank accounts in Czech national currency or other main foreign currencies. As most European banks, corporate account holders in Czech Republic will be charged with the following types of commissions:
-    commission-fee for setting up the Czech bank account;
-    on-going administration fee – it is usually charged yearly or monthly;
-    commission-fees for deposits or withdrawals;
-    commission-fee for closing the account.

Documents requested for the opening of an Czech bank account might differ from bank to bank. However banks in Czech Republic usually request the following documents:
-    copies of passports/ID Cards of directors and shareholders;
-    copy of the Czech company’s Articles of Association;
-    copy of the company’s Certificate of Incorporation issued by the Czech Trade Register;
-    Trade Register Extract/Certificate of Good Standing;
-    Specimen Signatures of Directors;
-    Bank Forms.