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.