Czech Company Formation
Czech Republic is a member country of European Union located in its center with developed infrastructure and services. Czech Republic has stable political system supporting business activities and potentially low employees’ salary. It is one of the top locations in Europe to open up a business.
Czech Republic attracts foreign investors worldwide due to its great location. Prague, which is the capital city, is fast developed city with historical and cultural name which could create perfect sound for your company.
A limited liability company is the most common type of business entity. The s.r.o. Czech is a very popular legal form especially for small and medium sized business. Shareholders are not liable for the company’s obligations if their contributions are fully paid up and registered in the Commercial Register. The s.r.o. Czech is liable for breaching its obligations with its entire property. Czech s.r.o. has its registered capital usually from CZK 200,000, but it is possible to form a company with sole member and his contribution from CZK 1,- therefore the registered capital amounts to CZK 1,-. The registered capital in any amount is fully usable and the company do not have to keep it on the account. Czech s.r.o. is managed by one or more managing directors. It is not necessary to have the supervisory board or auditor. The general meeting is held once a year and shareholders can vote on or out of general meeting in a distant way. Right on share can be represented by share deed similar to the stock at joint stock company. Czech s.r.o. can be formed by one or more partners, no matter if legal entities or individuals. One person may be a sole member of another companies, there are not any legal restrictions. The maximum amount of company members is not limited.
- Czech Limited Liability Company - (S.R.O.)
- Join stock company (A.S.)
Czech company is ideal for:
| General Information for Czech Limited Liability Company | |
|---|---|
| Corporate Income Tax | Corporate income tax rate is 19%. *A corporate income tax rate of 5% applies to investment funds, unit funds and pension funds. |
| British Based Legal System | No |
| Double Tax Treaty Access | Yes |
| Incorporation Time Frame (Approx., days) | 10 |
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | Yes |
| Standard Authorized Capital | The minimum amount of registered capital is CZK 1 |
| Local Requirements | |
|---|---|
| Registered Office | Yes |
| Company Secretary | No |
| Local Meetings | Anywhere |
| Local Directors / Shareholders | No |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes* * Small companies is exempt from the audit (total assets netto < CZK 100 mil, turnover < CZK 200 mil, AVG nr. of employees < 50) • Middle-size companies – always • Big companies – always |
Cost of Czech Company Formation
From
€ 2990Czech Company Services Fees
- Done within 10 working days
- 100% successful rate
- Fast, easy & highest confidential via secured systems
- Dedicated support (24/7)
- Just Order, We Do All For You