Benefits of Setting Up A Company in Czech Republic
- Located in the centre of Europe, the Czech Republic acts as a gateway to both the eastern and the western markets. The jurisdiction is less than 2 hours by air from most European countries.
- As a member of the EU, any organization that opens a company in the Czech Republic benefits from the country's trade relationships and commercial ties with most of the world's business centres. Additionally, the jurisdiction is largely free of trade burdens.
- There is a reasonable amount of literate, skilled, and professional workforce in the country, making employability standards conducive for businesses.
- The Czech Republic displays a high degree of entrepreneurship and favourable conditions for conducting business operations.
- The country features high standards of living, a vibrant economy, and a refreshingly aesthetic landscape.
How to Register a Company in Czech Republic?
The process of setting up a company in Czech Republic is as follows:
Decide a Company Name
Business name registration in the Czech Republic is subject to availability and acceptability. That is why it is best to choose multiple names before deciding on one. The proposed company names can be checked with the Registry of the Regional Commercial Court.
Provide Criminal Record Clearance
Arrange certificates of clear criminal records for the managers: an extract from the Criminal Register of their country of origin for EU citizens or an extract from the Criminal Register of any country where they have spent at least 3 consecutive months. The same is applicable for non-EU citizens, with the exception of the submission of a clear criminal record for the past 3 years.
Provide Real Estate Register Clearance
Submit proof of the company's registered office.
Advance the Minimum Share Capital
When you open company in Czech Republic, the minimum share capital, if any, must be deposited in the bank.
Obtain Trade Licence and Clearances
Depending upon the type of activity your company would be engaging in, file for the required trade licences and permits.
Get the Articles of Association Notarized
Draft the Articles of Association (AOA) of the company and get them, as well as company statutes, verified by a public notary in the Czech Republic.
Register Your Company at the Commercial Register
To complete the company registration in Czech Republic, get the motion to the relevant Regional Court signed by all the first managers in front of a notary, and then submit it at the Companies Registry.
Get a Tax Identification Number
Registration for income tax happens simultaneously, and a company receives its Tax Identification Number on submission of the company application.
Documents Required for Company Registration in Czech Republic
- Company business name
- Address of registered office, along with its proof (lease agreement)
- Details of the activities to be carried out by the company
- Memorandum and Articles of Association (MAA)
- Trade authorization certificate
- Specimen signatures of shareholders and directors
- Proof of deposited bank capital
- Extract from the Criminal Registry for each member of the company
Services Offered by Business Setup Worldwide
Business Setup Worldwide (BSW) offers the following services to you:
Bank Account Opening Services
Are you ready to open a bank account? BSW offers straightforward banking solutions that enable you to manage your transactions easily and efficiently.
Intellectual Property Services
Safeguard your original work and innovations against misuse. Our intellectual property services in Czech Republic protect your creations and trademarks from any infringement.
Company Secretarial Service
Company Secretarial Services in Czech Republic ensure that a business adheres to all statutory and regulatory compliance requirements.
Accounting and Boookkeepping Services
We provide accounting and bookkeeping services in Czech Republic to ensure your financial records are accurate, organized, and compliant, freeing you to focus on growing your business.
Notarization and Attestation Services
Verify the legality and authenticity of your important documents. BSW's notarization and attestation services guarantee the validity of official signatures and certificates.
Registered Agent Services
BSW offers registered agent services with secure administrative support, including email reception and call forwarding, for our clients.
