Czech Republic - Společnost s Ručením Omezeným (s.r.o.) Company Formation
A Czech Republica Společnost s Ručením Omezeným (s.r.o.) is equivalent to a Limited Liability Company. As the Czech Republic has strict controls on ownership of property by non-nationals, but has none when concerning share ownership of a Czech s.r.o, it is the ideal entity for the purchase and holding of property within the Czech Republic.
Company names in the Czech Republic must be pre-approved for availability and acceptability, our trained staff will check your proposed company name with the Registry of the Regional Commercial Court and inform you of its availability. Certain words aren’t allowed or require approval, for example: ‘Bank’. The name of your company must end in s.r.o.
It is a requirement that a Czech s.r.o. must have a registered agent and a registered address where all official correspondence is sent. This is provided as part of our incorporation service.
A Czech company only requires one person to act as a director. This person may be of any nationality and may be a corporate entity. Director names are filed on the public register.
Only a single shareholder is required, with a maximum of fifty. The shareholder may be of any nationality and may be a corporate entity. Shareholder names are filed on the public register.
The standard authorised share capital requirement is CZK 200,000, with a minimum paid up share capital of CZK 100,000. The classes of share issued are registered shares.
An s.r.o is required to file an annual return, register of officers and accounts.
The incorporation of a new company takes from one to two weeks from the moment we have your proof of address and I.D. Please note the company will not be ready for trading until a bank account is established and the share capital is paid up.
Proof of Identity
As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.
A visit to the Czech Republic is required to open a bank account to deposit the paid up share capital.