Czech Republic – Společnost s Ručením Omezeným (s.r.o.) Company Formation

A Czech Republican Společnost s Ručením Omezeným (s.r.o.) is equivalent to a Limited Liability Company in the UK or a GmbH in Germany in that it is a legal entity which is separate and distinct from the individuals who run it.

As the Czech Republic has strict controls on the ownership of property by non-nationals, but has no restrictions on share ownership of an s.r.o., incorporating an s.r.o. is the ideal means for foreign nationals to purchase and hold property within the Czech Republic.

Company Name

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, such as ‘bank’ are not allowed or require approval. The name of your company must end in s.r.o.

Registered Agent

A Czech s.r.o. is required to have a registered agent and a registered address where all official correspondence may be legally served. This is provided as part of our incorporation service.

Directors

A Czech company only requires one person to act as a director. This person may be any nationality and may be a corporate entity.

Shareholders

Only a single shareholder is required and a maximum of fifty shareholders is permitted. The shareholder may be of any nationality and may be a corporate entity.

Share Capital

The standard authorised share capital requirement is CZK 200,000, with a minimum paid up share capital of CZK 100,000.

Filing Requirements

An s.r.o. is required to file an annual return, register of officers and accounts.

Timescale

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.

Czech Republic Company Formation – Fees

We offer an all inclusive Czech Republic Company Incorporation Service

Your company will be incorporated using your chosen name and we will ensure that the procedure is as simple as possible.

The whole incorporation process can be completed online and we will administer the preparation and filing of all registration forms on your behalf.

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.

Travel

It is necessary to visit the Czech Republic to open a bank account to deposit the paid up share capital.