Types of company in the Czech Republic
Taxes in the Czech Republic
Setting up a company in the Czech Republic – documents and requirements
Setting up a company in the Czech Republic takes 14–21 days from the signing of the documents. A Czech company can be formed by one or more individuals or legal entities. Both directors and shareholders may be foreign nationals and need no residence permit, provided they are citizens of an EU or OECD member state.
On appointment, directors must have their signature on their consent to act certified by a notary.
When shares are transferred, shareholders must have their signatures on the share transfer agreement certified.
On appointment, directors must submit a criminal record certificate from their home country. If the home country does not issue such certificates, a sworn declaration of good character may be provided instead. Before incorporation, the Czech company must open a bank account, into which its share capital must be paid. Each shareholder’s minimum contribution to an s.r.o. is CZK 1, and the minimum share capital is CZK 1.
Limited liability
Czech s.r.o. and a.s. companies limit the shareholders’ liability to the amount of unpaid share capital entered in the Commercial Register. Once the share capital has been paid up in full, neither the shareholders nor the directors are liable for the company’s debts. It should be noted, however, that the company itself is liable to its creditors for its obligations with all of its assets.
Bank account
Besides the Czech Republic, a Czech s.r.o. can open an account in Slovakia and in most countries worldwide, including offshore.
Fees and costs in subsequent years: Accounting costs EUR 100 per year. Preparing and filing tax returns costs EUR 100. Preparing and filing VAT returns costs EUR 50.
We will always remind you in advance of the deadlines for paying annual fees and filing tax returns.
Tax Debts and Acquiring an s.r.o.
If you have fallen into debt with the tax office or the Social Insurance Agency, the law prevents you from acquiring shares in an s.r.o. or setting up an s.r.o. You may be wondering how [...]
Do You Need to Travel to Set Up an s.r.o. in the Czech Republic?
Because the memorandum of association must take the form of a notarial deed, you will need to travel to the Czech Republic, as this act cannot be performed by another person under a power [...]
How Long Does It Take to Set Up an s.r.o. in the Czech Republic?
Setting up a trading company in the Czech Republic usually takes 3 weeks. The Commercial Register's deadline for entering the company is 5 working days – assuming, of course, that all documents and filings [...]
Fees for Setting Up an s.r.o. in the Czech Republic
Notarial deed: CZK 6,000 Trade Licensing Office: CZK 1,000 in revenue stamps for the first trade licence, CZK 500 for each additional one Commercial Register: CZK 6,000 in revenue stamps Budgeting for Your Czech [...]
Documents Required to Form a Company in the Czech Republic
The following documents must be submitted in order to enter the company in the Commercial Register: The memorandum/deed of incorporation is the most important document when setting up a company in the Czech Republic. [...]
How to Set Up a Company in the Czech Republic
The procedure for setting up a company in the Czech Republic is similar to that in Slovakia. Your first step is to decide on a business name and check in the Commercial Register that no [...]
Start Your Own Business in the Czech Republic
Excessive bureaucracy is one of the reasons why a growing number of Slovak entrepreneurs are expanding into the Czech market. Let us take a closer look at the main reasons for, and benefits of, doing [...]
Setting Up a Company in the Czech Republic
Expand your business into the Czech Republic. Leave the tax licence behind and set up a new trading company in the Czech Republic. Besides company formation in Prague, accounting and advisory services, our wide portfolio [...]