Czech Republic - Registration Requirements

Company Type	Time to Incorporate	Cost
Sro	2 weeks	£1860

Incorporating a limited company - Spolesnost s rucenim omezenym s.r.o.

The following processes are needed, but we prefer to sell ready made companies for the Czech Republic. It starts with the company name clearance at this is approved within 24 hours.

Criminal Record Clearance

Applies to foreigners also but on the Czech register

Real Estate Register Clearance

Needs proof that the company registered office is a real office.

Notarial Work

The statutes must be signed in front of a notary.

Clearance that the Share Capital is in the Bank Account

All capital is frozen during the incorporation.

Trade Licences

For general commercial activity all you need is notification. Some professions require clearance.

Check company name

Obtain certificates of clear criminal record for managers

This applies only to the extract from the Czech Criminal Register and not foreign criminal registers (which are also required should the director be a foreign person)

Obtain extract of real estate register proving title of the landlord

Company must prove lease of premises by a contract with landlord and by extract of real estate register proving the title of the landlord. Extract of real estate register is issued on spot. Fees for extract are CZK100. It is also recommended to obtain approval from the owner of the premises, relevant to the location of the seat of the company on his premises. If the landlord is a legal entity it is recommended to submit its extract from the Commercial Register.

Notarise Articles of Association

The notary public is responsible for the compliance of the contents of the Articles of Association with Czech law. Certain notaries public require the following documents prior to the execution of the Articles of Association: clean criminal record, affidavit of the Managers, and confirmation of the owner of premises where the seat will be located that the company is entitled to have its seat in those premises, along with an extract from the Real Estate Register for the premises.

Obtain confirmation of the administrator of the capital contribution of the company along with the confirmation of the bank that the capital contribution is held in the company's special bank account for the registered capital.

Obtain the appropriate trade licenses.

A company must have the appropriate trade licenses to conduct its business. Before obtaining a trade license, a company may be asked to provide professional and other qualifications specific to the trade, as well as practical experience, depending on the type of trade license. For general commercial activity, a notification is suffice.

Register in the Business (Commercial) Registry of the Regional Commercial Court.

For registration of the company to the Commercial Register, the motion to the relevant Regional Court must be submitted on a standard form signed by all first Managers in front of a notary public. For the filing of the trade license, proof of fully paid capital is required, the Articles of Association in the form of a notarial record in 2 counterparts, the extract from the commercial register for the founder, documents proving the title to the premises where the seat is located, documents from the Managers (Affidavit and Specimen Signature in 2 counterparts, extract from the Czech Criminal Register, if the Manager is a foreigner - extract from the Criminal Register from country of his origin.

Income tax registration is immediate. The company gets the number when they hand in the application. It is the same number for income and VAT. Register for social security.