SETTING UP THE COMPANY ( s.r.o.)
For buying a property or starting your own business, you need to either obtain a Trade licence, or set up the limited liability company ( s.r.o. ). We can help you to assemble all required documentation and deal with all the formalities.
There are two methods of establishing a company in the Czech Republic.
In order to understand the difference between a new and a ready-made company, it is important to note the following legal requirements applying to Czech corporate entities.
- The Czech company (limited liability or joint-stock company) is incorporated by the signature of the Memorandum of Association signed by all the incorporators in front of a notary public.
- Each company has to have a registered office and, while being registered, it must prove a legal title to this office (rental agreement or a consent of the owner of the premises). This registered office must NOT be a P.O.Box, nor a temporary address serving only for company registration purposes.
- Each company has to pay-up its share capital to a bank account opened in the Czech Republic - in case of a limited liability - it is CZK 200,000.00, i.e. EUR 7000 approximately)
- In case that a Czech company intends to do active business (does NOT apply to companies used only for property holding purposes), it has to define and register its nature of business (business activity) and receive a trade license corresponding to such nature of business. Moreover, with respect to each trade licence, a trade representative must be appointed. He/she must be in a contractual relationship with the company.
- The director of a Czech company (i.e. the person acting and signing on its behalf) may be a foreigner, notwithstanding whether he/she has a residence permit or visa in the Czech Republic. For the purpose of his/her registration as a company director, such person has to present a "clean" police record not older than three months, from the Czech Republic as well as from the country of origin. The latter must be duly certified (by notary public/ apostille depending on the country) and translated into the Czech language by a certified translator.
- The company is registered only if the application form is accompanied (among other) by documents proving that the above conditions were met.
According to the new legislation, the registration of a new company at the Companies Register takes no longer than 10 days, under the condition that all the documentation is submitted to the Companies Register in the correct form and to the full extent. If any of the necessary documents are incorrect or missing, the registration application is rejected.
In practice, the preparation of the necessary documentation takes 4 - 8 weeks.
THE READY-MADE COMPANIES OFFERED BY US HAVE THE FOLLOWING ADVANTAGES
Existence: these companies have already been registered with the Companies Registry, ie. they are already existing legally.
Transparency: no activity has ever been carried out by any of these companies (except for the legal steps necessary for the company registration at the Companies Register and the obligatory corporate income tax registration. We guarantee they have no obligation and no claims.
Paid-up capital: registered capital of our ready-made companies has been paid-up to the full extent.
Possibility to act and sign immediately: our client may act on behalf of the company immediately after the general meeting appoints him/her as a new company director.
OUR NEW COMPANY FORMATION SERVICE INCLUDES
- preparation of all necessary legal documents, including corporate documents of the company
- organisation of the initial general meeting
- acting on behalf of our clients before state authorities
- issuance of trade licenses (if requested)
- certified translations
- submission of the documents to the Companies Register, and assistance with the registration of the company
- corporate income tax registration (obligatory)
- VAT registration (optional)
PRICE LIST
NEW LIMITED LIABILITY COMPANY
incorporation of a new company - 48,000.00 CZK / 1,638.00 EUR.
The price includes:
- preparation of all necessary legal documents, including corporate documents of the company
- organisation of the initial general meeting
- all notary costs including verification of signatures
- submission of the documents to the Companies Register
- stamp duty for the registration at the Companies Register
- corporate income tax registration (obligatory)
- money-back guarantee in case of the rejection of the application
READY-MADE LIMITED LIABILITY COMPANIES
Ready-made company incorporated in 2006 - 60,000.00 CZK / 2,047.00 EUR
Ready-made company incorporated in 2005 - 65,000.00 CZK / 2,218.00 EUR
Ready-made company incorporated in 2004 - 75,000.00 CZK / 2,559.00 EUR
The price includes:
- assistance with the transfer of ownership of a ready-made company
- assistance with the organisation of the general meeting
- all notarial costs including verification of signatures
- stamp duty for the registration of the changes at the Companies Register