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 of attorney. We recommend buying a ready-made company, set up specifically for resale.
Planning a Czech Company Formation From Abroad
Many people who want a Czech company live in Slovakia, the UK or elsewhere. While some parts of the formation process may require personal attendance, good planning can keep the number of trips to a minimum and make sure that any visit is productive.
Prepare Before You Travel
If you need to attend a notary in the Czech Republic, make sure everything is ready before you arrive. Ideally, the documents will have been drafted and agreed in advance, so that the appointment itself is simply a matter of reviewing and signing. It is also worth checking whether you can open a bank account or complete other formalities during the same visit.
What to Bring
- A valid passport or identity card
- Any legalised and translated documents from your home country
- Details of the registered office and the owner’s consent
- Information about planned business activities
- Details of other shareholders and executives, if any
Tasks That Can Be Handled Remotely
Not every step of the process requires you to be present. Much of the preparation, including drafting documents, checking the company name, arranging the registered office and dealing with trade licensing and registration, can often be handled by a representative. After the company has been formed, accounting, tax filings and mail handling can also be managed from a distance.
Alternatives to Consider
If travelling is difficult or you need a company quickly, buying a ready-made company is one option. Instead of forming a new company, you acquire one that has already been registered for the purpose of being sold. The transfer of shares and change of executives still need to be carried out correctly, so it is important to understand what formalities apply and to make sure the company has no history of trading or debts.
Choosing the Best Route
The right approach depends on your timescale, budget and how often you expect to be in the Czech Republic. We are happy to explain the options so you can make an informed decision.
Contact eTuls to plan your Czech company formation. We will prepare everything in advance, arrange appointments and keep any travel to a minimum.
