How to open a company in Czech Republic

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Types of Czech Companies

• Limited Liability Company

• Joint Stock Company

• General partnership

• Limited Partnership

Limited Liability Company

• The Limited Liability Company can be founded by at least one shareholder, individual or legal entity, and a maximum of 50 members

• The minimum share capital required for the incorporation of this type of company is  200.000 CZK

Joint Stock Company

• The minimum required capital is 2.000.000 CZK

• A minimum share capital of 30% should be paid on registration for monetary contributions and 100% of non monetary contributions

• The shareholders can be Czech residents or foreigners, natural or legal entities.

Limited Partnership

• The shareholders’ liability is limited to the amount of their paid and unpaid contributions

• The shareholders are liable for the partnership’s obligations with all their assets

• The general partners can make management decisions and have the right to decide the future of the company

Steps for company formation in Czech Republic

• providing a company name

• providing a set of identification documents

• setting-up a the bank account for share capital

• obtaining the criminal records for the founders and records of the owned real estates from the Czech point Offices

• submitting the registration documents with the Trade Licensing Office

Necessary documentation and information

• providing utility bills as proof of address

• providing passport copies of the shareholders and board members

• setting-up a bank account for the injection of the share capital

• submitting the company registration file with the Trade Licensing Office

Requirements for Company  Formation in Czech Republic

• Any person of any nationality or residence can be a shareholder in a Czech company

• The Board of Directors should be comprised of at least two members

• The company must hold a local registered office

Services Provided for Company Registration in the Czech Republic

• drafting the Articles of Association

• offering a Registered Office in Czech Republic

• setting up a share capital bank account

• recommending a Czech accountant

• VAT and tax registration

Thank you for your attention

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office@bridgewest.eu

www.bridgewest.eu/company-formation-czech-republic

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