Company registration in Czech Republic | ||||||
|---|---|---|---|---|---|---|
| Name of service | Package Economy | Package Standard | Package Full | Package Plus | Package Exclusive | |
| Company registration, including the payment of state fees | + | + | + | + | + | |
| Legal address for 1 year | – | + | + | + | + | |
| Remote opening, including the transfer of power of attorney | – | – | + | + | + | |
| Bank account | – | – | – | + | + | |
| Accounting service for 1 year | – | – | – | – | + | |
| Total cost | 1000 EUR | 1600 EUR | 1800 EUR | 2200 EUR | 3200 EUR | |
Order | Order | Order | Order | Order | ||
General information
The formation of Czech country began in 7th century AD. From 9th to 14th century Czech territory was ruled by the German Emperor and the 17th century the country was ruled by the Habsburg dynasty representatives. At the turn of the 20th century, the Czech Republic was part of the Austro-Hungarian Empire, and in 1918 became part of the independent Czechoslovak Republic. In 1993, the Czech Republic becomes a separate sovereign state, but in 2004- a member of the EU.
Most of the Czech economy has been privatized, and economic growth is associated with high exports to other EU countries, especially Germany.
The most common business entities
The easiest and most popular way of business is a limited liability company (LLC)
Corporate legislation
Czech legal system belongs to the continental law, which is combined with a modern EU law.
Registered capital
The minimum registered capital is set at 25 thousand croons (about 1 t. EUR). It may be paid in cash and in physical terms.
The main requirements for the directors and shareholders
Czech LLC companies doesn’t have Board of Directors, in its place with the shareholders’ decision managers have been appointed. Any specific requirements for the managers do not exist, with the exception of the visa requirements for non-EU residents. Every company must have at least one manager and one shareholder. Information about them is stored in a public register.
Disclosure of the company’s beneficial to the government bodies
The information is disclosed only to the tax organ examination or by court order.
Taxation
All companies must submit a tax return at the end of the tax year, in some cases the submission period may be extended by 3 or 6 months.
Accounting
All persons operating in the territory of the Czech Republic, as well as natural personas- private entrepreneurs registered in the Register of Enterprises, or whose income exceeds 25 thousand croons must keep and store accounting statements. Companies that issue stocks in the EU stock markets, are required to submit financial statements, some must have audit.