Starting a Business in the Czech Republic
We are specialists in Czech company incorporations, we can incorporate your limited company- the Spolecnost s Rucenim Omezenym, the company formation procedure normally takes two weeks.
Timescale to incorporate a Czech company
You do not have to visit the Czech Republic to incorporate, papers will need to be legalised at the Czech embassy or consulate. We often advise you to acquire a ready-made company.
Director (Jednatel) nationality
A director can be of any nationality. However, an non-EU national needs to comply with some visa requirements in order to be appointed as a director.
Minimum number of directors
Only one director is required
Rules are as follows for Directors
- For a non-EU/EEA resident or citizen, he needs a criminal record check document from the country of citizenship and from the Czech Republic. (even though the client has probably never lived in the Czech Republic)
- There are no restrictions on the nationality of Czech companies directors
- There are no business visas for these people to actually run the company
There is no requirement to appoint a local resident director
The shareholder can be any nationality
Minimum number of shareholders
Only one shareholder is required
The shareholder can be a Corporation
Nominee shareholders are allowed.
It is not a requirement to appoint a local resident shareholder
The names of shareholders do appear on public records.
Capital & Financials
The standard share capital is minimal
Share capital currencies
Shares are denominated in Czech Crowns.
There is no requirement for a company secretary
Maintaining company records in the Czech Republic
The company does not have to keep records in Czech Republic If the company chooses to keep records they can be kept anywhere in the world.
Accounts or financial statements filing
Full accounts need to be filed with the the Commercial Registry and with the tax authorities.
Company taxes on profits
A Czech company is subject to corporation tax at 20%. There is a withholding tax of 15% payable on dividends paid by Czech companies, with the exception of payments to other Czech companies, and subject to the European rules which exempt many payments to companies in other EU states.
Ready made limited company in the Czech Republic
We have a stock of ready made companies in good standing and they can be transferred the same day at the notary’s office.